Stevens Capital Management LP Buys New Shares in GXO Logistics, Inc. (NYSE:GXO)

Stevens Capital Management LP purchased a new stake in shares of GXO Logistics, Inc. (NYSE:GXO) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 5,217 shares of the company’s stock, valued at approximately $227,000.

A number of other hedge funds have also modified their holdings of the company. Stifel Financial Corp boosted its holdings in shares of GXO Logistics by 95.8% in the 3rd quarter. Stifel Financial Corp now owns 76,045 shares of the company’s stock valued at $3,960,000 after acquiring an additional 37,197 shares during the last quarter. Douglas Lane & Associates LLC lifted its position in GXO Logistics by 6.9% during the fourth quarter. Douglas Lane & Associates LLC now owns 480,553 shares of the company’s stock valued at $20,904,000 after purchasing an additional 31,015 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in GXO Logistics by 2.5% during the 3rd 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 purchasing an additional 12,208 shares during the period. Tidal Investments LLC acquired a new stake in GXO Logistics during the 3rd quarter worth about $667,000. Finally, Barclays PLC raised its stake in shares of GXO Logistics by 28.9% during the 3rd quarter. Barclays PLC now owns 62,545 shares of the company’s stock valued at $3,256,000 after buying an additional 14,020 shares during the last quarter. 90.67% of the stock is owned by institutional investors and hedge funds.

GXO Logistics Stock Performance

NYSE:GXO opened at $40.55 on Tuesday. GXO Logistics, Inc. has a 52 week low of $34.51 and a 52 week high of $63.33. The company has a fifty day simple moving average of $41.66 and a two-hundred day simple moving average of $49.08. 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 company has a market cap of $4.85 billion, a price-to-earnings ratio of 36.20, a price-to-earnings-growth ratio of 1.34 and a beta of 1.62.

GXO Logistics (NYSE:GXO) last issued its quarterly earnings results 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 return on equity of 11.16% and a net margin of 1.14%. As a group, equities analysts anticipate that GXO Logistics, Inc. will post 2.49 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently issued reports on GXO shares. UBS Group lowered their price target on shares of GXO Logistics from $72.00 to $50.00 and set a “buy” rating on the stock in a report on Friday, February 14th. Barclays dropped their price objective on GXO Logistics from $52.00 to $45.00 and set an “equal weight” rating on the stock in a report on Thursday, February 13th. Wells Fargo & Company reduced their target price on GXO Logistics from $60.00 to $44.00 and set an “overweight” rating for the company in a research note on Friday, February 14th. Truist Financial assumed 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 on the stock. Finally, Stifel Nicolaus restated a “buy” rating and set a $66.00 price objective (down from $74.00) on shares of GXO Logistics in a research report on Friday, February 14th. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $55.60.

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.