GXO Logistics (NYSE:GXO) Hits New 1-Year Low – Here’s Why

GXO Logistics, Inc. (NYSE:GXO) shares reached a new 52-week low during trading on Friday . The stock traded as low as $33.38 and last traded at $34.06, with a volume of 145230 shares. The stock had previously closed at $36.30.

Wall Street Analyst Weigh In

GXO has been the subject of a number of research analyst reports. Loop Capital lowered GXO Logistics from a “buy” rating to a “hold” rating and decreased their target price for the company from $71.00 to $49.00 in a research report on Monday, February 3rd. The Goldman Sachs Group lowered their price objective on shares of GXO Logistics from $63.00 to $54.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of GXO Logistics in a research report on Friday, March 7th. They set a “hold” rating and a $45.00 target price on the stock. Barclays lowered their price target 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. Finally, Wells Fargo & Company dropped their price objective on shares of GXO Logistics from $60.00 to $44.00 and set an “overweight” rating on the stock in a research note on Friday, February 14th. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $56.00.

GXO Logistics Stock Performance

The company has a market capitalization of $4.09 billion, a PE ratio of 30.57, a PEG ratio of 1.34 and a beta of 1.56. 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 business has a 50 day simple moving average of $40.61 and a 200 day simple moving average of $48.40.

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

Hedge Funds Weigh In On GXO Logistics

Several hedge funds have recently made changes to their positions in GXO. Boston Common Asset Management LLC purchased a new stake in GXO Logistics during the 1st quarter valued at about $5,862,000. Jefferies Financial Group Inc. lifted its holdings in shares of GXO Logistics by 740.0% during the fourth quarter. Jefferies Financial Group Inc. now owns 62,753 shares of the company’s stock worth $2,730,000 after purchasing an additional 55,282 shares during the period. Teza Capital Management LLC purchased a new position in GXO Logistics during the 4th quarter worth approximately $302,000. State of Wyoming acquired a new stake in GXO Logistics during the 4th quarter valued at approximately $133,000. Finally, Spruce House Investment Management LLC increased its stake in shares of GXO Logistics by 133.3% in the fourth quarter. Spruce House Investment Management LLC now owns 2,100,000 shares of the company’s stock worth $91,350,000 after acquiring an additional 1,200,000 shares during the period. 90.67% of the stock is owned by institutional investors and hedge funds.

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.