GXO Logistics (NYSE:GXO) Hits New 1-Year Low – Here’s What Happened

GXO Logistics, Inc. (NYSE:GXO) shares hit a new 52-week low on Thursday . The stock traded as low as $30.46 and last traded at $35.61, with a volume of 3114014 shares traded. The stock had previously closed at $31.53.

Analyst Ratings Changes

GXO has been the subject of a number of analyst reports. Citigroup decreased their target price on shares of GXO Logistics from $51.00 to $45.00 and set a “buy” rating for the company in a research report on Tuesday. Truist Financial initiated coverage on shares of GXO Logistics in a research report on Thursday, March 13th. They set a “hold” rating and a $40.00 target price for the company. Wells Fargo & Company decreased their target price on shares of GXO Logistics from $60.00 to $44.00 and set an “overweight” rating for the company in a research report on Friday, February 14th. Loop Capital cut shares of GXO Logistics from a “buy” rating to a “hold” rating and decreased their target price for the company from $71.00 to $49.00 in a research report on Monday, February 3rd. Finally, Stifel Nicolaus reissued a “buy” rating and set a $66.00 target price (down previously from $74.00) on shares of GXO Logistics in a research report on Friday, February 14th. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $54.93.

GXO Logistics Price Performance

The stock has a market cap of $4.26 billion, a price-to-earnings ratio of 31.79, a price-to-earnings-growth ratio of 1.34 and a beta of 1.56. The company has a quick ratio of 0.86, a current ratio of 0.83 and a debt-to-equity ratio of 0.83. The stock’s 50 day moving average price is $39.40 and its two-hundred day moving average price is $47.78.

GXO Logistics (NYSE:GXO) last released its quarterly earnings results on Wednesday, February 12th. The company reported $1.00 EPS for the quarter, beating 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%. Equities research analysts forecast that GXO Logistics, Inc. will post 2.49 EPS for the current fiscal year.

Hedge Funds Weigh In On GXO Logistics

Institutional investors have recently bought and sold shares of the company. Stifel Financial Corp grew its holdings in shares of GXO Logistics by 95.8% in the third quarter. Stifel Financial Corp now owns 76,045 shares of the company’s stock valued at $3,960,000 after purchasing an additional 37,197 shares in the last quarter. Douglas Lane & Associates LLC grew its holdings in GXO Logistics by 6.9% during the 4th 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 in the last quarter. Tidal Investments LLC acquired a new position in GXO Logistics during the 3rd quarter worth approximately $667,000. Barclays PLC lifted its position in shares of GXO Logistics by 28.9% during the 3rd quarter. Barclays PLC now owns 62,545 shares of the company’s stock worth $3,256,000 after buying an additional 14,020 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of GXO Logistics by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,982,920 shares of the company’s stock worth $103,279,000 after buying an additional 29,992 shares during the last quarter. 90.67% of the stock is owned by hedge funds and other institutional investors.

GXO Logistics Company 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.