Polymer Capital Management US LLC Makes New Investment in GXO Logistics, Inc. (NYSE:GXO)

Polymer Capital Management US LLC purchased a new stake in shares of GXO Logistics, Inc. (NYSE:GXO) during the fourth quarter, HoldingsChannel reports. The fund purchased 8,096 shares of the company’s stock, valued at approximately $352,000.

Several other large investors have also made changes to their positions in GXO. Dynamic Technology Lab Private Ltd bought a new position in shares of GXO Logistics during the fourth quarter worth $819,000. ExodusPoint Capital Management LP boosted its holdings in shares of GXO Logistics by 69.3% during the 4th quarter. ExodusPoint Capital Management LP now owns 85,950 shares of the company’s stock valued at $3,739,000 after purchasing an additional 35,172 shares during the last quarter. Motley Fool Asset Management LLC boosted its holdings in shares of GXO Logistics by 9.8% during the 4th quarter. Motley Fool Asset Management LLC now owns 177,745 shares of the company’s stock valued at $7,732,000 after purchasing an additional 15,878 shares during the last quarter. Bryce Point Capital LLC purchased a new position in shares of GXO Logistics during the fourth quarter valued at about $496,000. Finally, Trexquant Investment LP bought a new stake in shares of GXO Logistics in the fourth quarter worth about $7,704,000. 90.67% of the stock is currently owned by hedge funds and other institutional investors.

GXO Logistics Trading Down 0.8 %

GXO stock opened at $34.07 on Tuesday. The company has a market capitalization of $4.07 billion, a PE ratio of 30.42, a P/E/G ratio of 1.34 and a beta of 1.56. 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 12 month low of $32.70 and a 12 month high of $63.33. The firm’s 50-day moving average is $40.38 and its 200 day moving average is $48.24.

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

Wall Street Analyst Weigh In

GXO has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft initiated coverage on GXO Logistics in a research note on Friday, March 7th. They set a “hold” rating and a $45.00 price target for the company. Oppenheimer lowered their target price on GXO Logistics from $67.00 to $55.00 and set an “outperform” rating for the company in a research report on Tuesday, February 18th. Loop Capital cut shares of GXO Logistics from a “buy” rating to a “hold” rating and reduced their price target for the stock from $71.00 to $49.00 in a research report on Monday, February 3rd. UBS Group reduced their price objective on GXO Logistics from $72.00 to $50.00 and set a “buy” rating on the stock in a research note on Friday, February 14th. Finally, Morgan Stanley lowered their price objective on GXO Logistics from $63.00 to $57.00 and set an “overweight” rating for the company in a research note on Friday, February 14th. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, GXO Logistics presently has a consensus rating of “Moderate Buy” and a consensus price target of $56.00.

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.