Paloma Partners Management Co Takes $227,000 Position in GXO Logistics, Inc. (NYSE:GXO)

Paloma Partners Management Co bought a new position in shares of GXO Logistics, Inc. (NYSE:GXO) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 4,363 shares of the company’s stock, valued at approximately $227,000.

Other hedge funds also recently added to or reduced their stakes in the company. American Century Companies Inc. boosted its holdings in GXO Logistics by 25.2% in the second quarter. American Century Companies Inc. now owns 3,221,818 shares of the company’s stock worth $162,702,000 after acquiring an additional 648,547 shares in the last quarter. Fort Pitt Capital Group LLC boosted its stake in GXO Logistics by 2.1% in the 3rd quarter. Fort Pitt Capital Group LLC now owns 2,467,814 shares of the company’s stock worth $128,499,000 after purchasing an additional 51,208 shares in the last quarter. Dimensional Fund Advisors LP grew its position in GXO Logistics by 11.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,398,933 shares of the company’s stock worth $121,140,000 after purchasing an additional 240,766 shares during the last quarter. Swedbank AB increased its stake in GXO Logistics by 15.9% during the 2nd quarter. Swedbank AB now owns 1,825,000 shares of the company’s stock valued at $92,162,000 after purchasing an additional 250,000 shares in the last quarter. Finally, Eminence Capital LP purchased a new position in shares of GXO Logistics in the second quarter worth $79,698,000. 90.67% of the stock is owned by institutional investors and hedge funds.

GXO Logistics Price Performance

NYSE:GXO opened at $49.78 on Friday. The stock has a market capitalization of $5.95 billion, a PE ratio of 55.31, a price-to-earnings-growth ratio of 1.78 and a beta of 1.52. GXO Logistics, Inc. has a 52 week low of $46.07 and a 52 week high of $63.33. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.81. The stock’s 50-day moving average price is $58.24 and its 200-day moving average price is $53.05.

GXO Logistics (NYSE:GXO) last posted its quarterly earnings data on Monday, November 4th. The company reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.01. GXO Logistics had a return on equity of 10.03% and a net margin of 0.97%. The business had revenue of $3.16 billion during the quarter, compared to analysts’ expectations of $3.01 billion. During the same period in the previous year, the business earned $0.69 earnings per share. The business’s revenue was up 27.8% compared to the same quarter last year. As a group, equities analysts expect that GXO Logistics, Inc. will post 2.76 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on GXO shares. Barclays dropped their price objective on shares of GXO Logistics from $60.00 to $52.00 and set an “equal weight” rating on the stock in a report on Wednesday. Citigroup began coverage on GXO Logistics in a research note on Wednesday, October 9th. They set a “buy” rating and a $60.00 price target on the stock. TD Cowen lifted their target price on GXO Logistics from $82.00 to $83.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Oppenheimer increased their price target on shares of GXO Logistics from $63.00 to $67.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. Finally, Susquehanna decreased their price objective on shares of GXO Logistics from $75.00 to $73.00 and set a “positive” rating for the company in a research note on Thursday, September 26th. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $66.33.

About GXO Logistics

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.