EntryPoint Capital LLC Buys New Shares in GXO Logistics, Inc. (NYSE:GXO)

EntryPoint Capital LLC purchased a new position in shares of GXO Logistics, Inc. (NYSE:GXO) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 9,857 shares of the company’s stock, valued at approximately $429,000.

A number of other hedge funds also recently made changes to their positions in the stock. Stifel Financial Corp increased its holdings in shares of GXO Logistics by 95.8% during the 3rd quarter. Stifel Financial Corp now owns 76,045 shares of the company’s stock worth $3,960,000 after buying an additional 37,197 shares during the last quarter. Douglas Lane & Associates LLC increased its stake in GXO Logistics by 6.9% during the fourth quarter. Douglas Lane & Associates LLC now owns 480,553 shares of the company’s stock worth $20,904,000 after acquiring an additional 31,015 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in GXO Logistics by 2.5% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 502,273 shares of the company’s stock worth $26,153,000 after acquiring an additional 12,208 shares during the last quarter. Tidal Investments LLC purchased a new position in shares of GXO Logistics in the 3rd quarter worth about $667,000. Finally, Barclays PLC lifted its stake in shares of GXO Logistics by 28.9% in the 3rd quarter. Barclays PLC now owns 62,545 shares of the company’s stock valued at $3,256,000 after purchasing an additional 14,020 shares in the last quarter. Institutional investors and hedge funds own 90.67% of the company’s stock.

GXO Logistics Stock Down 0.6 %

Shares of NYSE:GXO opened at $40.26 on Wednesday. The firm has a market cap of $4.81 billion, a PE ratio of 35.95, a price-to-earnings-growth ratio of 1.34 and a beta of 1.62. The company has a fifty day simple moving average of $41.59 and a 200 day simple moving average of $49.02. The company has a current ratio of 0.83, a quick ratio of 0.86 and a debt-to-equity ratio of 0.83. GXO Logistics, Inc. has a 12-month low of $34.51 and a 12-month high of $63.33.

GXO Logistics (NYSE:GXO) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.06. GXO Logistics had a net margin of 1.14% and a return on equity of 11.16%. On average, equities research analysts anticipate that GXO Logistics, Inc. will post 2.49 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. UBS Group dropped their target price on shares of GXO Logistics from $72.00 to $50.00 and set a “buy” rating for the company in a research report on Friday, February 14th. Stifel Nicolaus reissued a “buy” rating and issued a $66.00 target price (down previously from $74.00) on shares of GXO Logistics in a research note on Friday, February 14th. Truist Financial began coverage on shares of GXO Logistics in a research report on Thursday, March 13th. They set a “hold” rating and a $40.00 price target for the company. Loop Capital lowered GXO Logistics from a “buy” rating to a “hold” rating and cut their price objective for the company from $71.00 to $49.00 in a research report on Monday, February 3rd. Finally, The Goldman Sachs Group decreased their target price on GXO Logistics from $63.00 to $54.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, GXO Logistics has an average rating of “Moderate Buy” and a consensus price target of $55.60.

GXO Logistics Profile

GXO Logistics, Inc, together with its subsidiaries, provides logistics services worldwide. The company provides warehousing and distribution, order fulfilment, e-commerce, reverse logistics, and other supply chain services. As of December 31, 2023, it operated in approximately 974 facilities. The company serves various customers in the e-commerce, omnichannel retail, technology and consumer electronics, food and beverage, industrial and manufacturing, consumer packaged goods, and others.