15,900 Shares in GXO Logistics, Inc. (NYSE:GXO) Purchased by Versor Investments LP

Versor Investments LP acquired a new position in GXO Logistics, Inc. (NYSE:GXO) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 15,900 shares of the company’s stock, valued at approximately $692,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GXO. DekaBank Deutsche Girozentrale bought a new position in GXO Logistics during the third quarter worth about $28,000. Hara Capital LLC bought a new position in GXO Logistics during the third quarter worth about $50,000. R Squared Ltd bought a new position in GXO Logistics during the fourth quarter worth about $54,000. Nomura Asset Management Co. Ltd. boosted its holdings in GXO Logistics by 33.3% during the third quarter. Nomura Asset Management Co. Ltd. now owns 1,160 shares of the company’s stock worth $60,000 after buying an additional 290 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its holdings in GXO Logistics by 213.5% during the fourth 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. 90.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

GXO has been the topic of a number of recent analyst reports. Loop Capital cut GXO Logistics from a “buy” rating to a “hold” rating and reduced their target price for the stock from $71.00 to $49.00 in a report on Monday, February 3rd. UBS Group reduced their target price on GXO Logistics from $72.00 to $50.00 and set a “buy” rating on the stock in a report on Friday, February 14th. Wells Fargo & Company cut their price objective on GXO Logistics from $60.00 to $44.00 and set an “overweight” rating on the stock in a report on Friday, February 14th. Oppenheimer cut their price objective on GXO Logistics from $67.00 to $55.00 and set an “outperform” rating on the stock in a report on Tuesday, February 18th. Finally, Barclays cut 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. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $57.62.

GXO Logistics Trading Down 0.9 %

NYSE GXO opened at $39.38 on Friday. The stock has a market capitalization of $4.71 billion, a price-to-earnings ratio of 35.16, a PEG ratio of 1.34 and a beta of 1.60. The stock’s 50 day moving average price is $43.01 and its two-hundred day moving average price is $50.14. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.86 and a current ratio of 0.83. GXO Logistics, Inc. has a 52 week low of $34.51 and a 52 week high of $63.33.

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

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.