Aigen Investment Management LP Takes $335,000 Position in GXO Logistics, Inc. (NYSE:GXO)

Aigen Investment Management LP bought a new stake in GXO Logistics, Inc. (NYSE:GXO) during the 4th quarter, Holdings Channel reports. The firm bought 7,700 shares of the company’s stock, valued at approximately $335,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Proficio Capital Partners LLC acquired a new position in shares of GXO Logistics in the fourth quarter valued at approximately $1,255,000. NINE MASTS CAPITAL Ltd acquired a new stake in GXO Logistics during the fourth quarter worth approximately $483,000. Jones Financial Companies Lllp grew its position in GXO Logistics by 49.7% during the fourth quarter. Jones Financial Companies Lllp now owns 2,959 shares of the company’s stock worth $129,000 after buying an additional 983 shares in the last quarter. Firetrail Investments PTY Ltd. grew its position in GXO Logistics by 9.0% during the fourth quarter. Firetrail Investments PTY Ltd. now owns 219,694 shares of the company’s stock worth $9,591,000 after buying an additional 18,191 shares in the last quarter. Finally, Bridges Investment Management Inc. grew its position in GXO Logistics by 18.2% during the fourth quarter. Bridges Investment Management Inc. now owns 7,335 shares of the company’s stock worth $319,000 after buying an additional 1,129 shares in the last quarter. Institutional investors and hedge funds own 90.67% of the company’s stock.

Analyst Ratings Changes

GXO has been the topic of a number of analyst reports. Stifel Nicolaus reissued a “buy” rating and set a $66.00 price target (down previously from $74.00) on shares of GXO Logistics in a research report on Friday, February 14th. Deutsche Bank Aktiengesellschaft initiated coverage on GXO Logistics in a research report on Friday. They set a “hold” rating and a $45.00 price target on the stock. Morgan Stanley reduced their price target on GXO Logistics from $63.00 to $57.00 and set an “overweight” rating on the stock in a research report on Friday, February 14th. Barclays reduced their price target on GXO Logistics from $52.00 to $45.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 13th. Finally, The Goldman Sachs Group reduced their price target on GXO Logistics from $63.00 to $54.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $56.71.

GXO Logistics Stock Down 0.7 %

NYSE GXO opened at $38.12 on Friday. The business has a fifty day moving average price of $42.58 and a two-hundred day moving average price of $49.81. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.83 and a quick ratio of 0.86. GXO Logistics, Inc. has a fifty-two week low of $34.51 and a fifty-two week high of $63.33. The stock has a market capitalization of $4.56 billion, a PE ratio of 34.03, a PEG ratio of 1.34 and a beta of 1.62.

GXO Logistics (NYSE:GXO) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.94 by $0.06. GXO Logistics had a return on equity of 11.16% and a net margin of 1.14%. Equities analysts expect that GXO Logistics, Inc. will post 2.49 earnings per share for the current fiscal year.

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.