Murphy & Mullick Capital Management Corp Purchases New Stake in GXO Logistics, Inc. (NYSE:GXO)

Murphy & Mullick Capital Management Corp purchased a new stake in GXO Logistics, Inc. (NYSE:GXO) in the 4th quarter, Holdings Channel.com reports. The firm purchased 951 shares of the company’s stock, valued at approximately $41,000.

Other institutional investors have also modified their holdings of the company. R Squared Ltd bought a new position in shares of GXO Logistics during the fourth quarter valued at approximately $54,000. Nomura Asset Management Co. Ltd. boosted its position in GXO Logistics by 33.3% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 1,160 shares of the company’s stock valued at $60,000 after purchasing an additional 290 shares during the period. Thurston Springer Miller Herd & Titak Inc. grew its stake in GXO Logistics by 213.5% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,370 shares of the company’s stock worth $60,000 after buying an additional 933 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its position in GXO Logistics by 33.7% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 1,380 shares of the company’s stock worth $60,000 after buying an additional 348 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new stake in GXO Logistics in the 3rd quarter valued at about $71,000. Institutional investors own 90.67% of the company’s stock.

GXO Logistics Trading Up 0.2 %

Shares of NYSE GXO opened at $39.99 on Friday. The company has a quick ratio of 0.86, a current ratio of 0.83 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. The company has a market cap of $4.78 billion, a price-to-earnings ratio of 35.70, a P/E/G ratio of 1.34 and a beta of 1.62. The business has a fifty day simple moving average of $41.41 and a 200-day simple moving average of $48.90.

GXO Logistics (NYSE:GXO) last issued its earnings results on Wednesday, February 12th. The company reported $1.00 EPS for the quarter, topping the consensus estimate of $0.94 by $0.06. GXO Logistics had a return on equity of 11.16% and a net margin of 1.14%. Sell-side analysts predict that GXO Logistics, Inc. will post 2.49 EPS for the current year.

Analyst Ratings Changes

GXO has been the topic of several recent analyst reports. UBS Group cut their target price on GXO Logistics from $72.00 to $50.00 and set a “buy” rating on the stock in a research note on Friday, February 14th. Barclays decreased their target price on shares of GXO Logistics from $52.00 to $45.00 and set an “equal weight” rating for the company in a research report on Thursday, February 13th. Wells Fargo & Company dropped their price target on shares of GXO Logistics from $60.00 to $44.00 and set an “overweight” rating on the stock in a research report on Friday, February 14th. Truist Financial began coverage on shares of GXO Logistics in a research note on Thursday, March 13th. They issued a “hold” rating and a $40.00 price target for the company. Finally, Loop Capital lowered shares of GXO Logistics from a “buy” rating to a “hold” rating and lowered their price objective for the company from $71.00 to $49.00 in a research note on Monday, February 3rd. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $56.00.

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.