ExodusPoint Capital Management LP Increases Holdings in GXO Logistics, Inc. (NYSE:GXO)

ExodusPoint Capital Management LP grew its position in shares of GXO Logistics, Inc. (NYSE:GXO) by 69.3% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 85,950 shares of the company’s stock after acquiring an additional 35,172 shares during the quarter. ExodusPoint Capital Management LP’s holdings in GXO Logistics were worth $3,739,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Quantinno Capital Management LP bought a new position in GXO Logistics in the third quarter valued at about $271,000. Quadrature Capital Ltd bought a new position in shares of GXO Logistics in the 3rd quarter worth approximately $245,000. Stifel Financial Corp boosted its holdings in shares of GXO Logistics by 95.8% in the third quarter. Stifel Financial Corp now owns 76,045 shares of the company’s stock worth $3,960,000 after buying an additional 37,197 shares during the last quarter. State Street Corp grew its position in GXO Logistics by 1.9% during the third quarter. State Street Corp now owns 3,631,328 shares of the company’s stock valued at $189,083,000 after buying an additional 66,232 shares during the period. Finally, XTX Topco Ltd increased its holdings in GXO Logistics by 137.4% during the third quarter. XTX Topco Ltd now owns 10,711 shares of the company’s stock valued at $558,000 after buying an additional 6,199 shares during the last quarter. 90.67% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on GXO. Barclays reduced their price objective on GXO Logistics from $52.00 to $45.00 and set an “equal weight” rating for the company in a research note on Thursday, February 13th. Stifel Nicolaus restated a “buy” rating and issued a $66.00 price target (down previously from $74.00) on shares of GXO Logistics in a research report on Friday, February 14th. Morgan Stanley lowered their price objective 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. The Goldman Sachs Group cut their price objective on GXO Logistics from $63.00 to $54.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Finally, Wells Fargo & Company decreased their target price 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 analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $56.00.

GXO Logistics Stock Performance

GXO opened at $34.23 on Monday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.86 and a current ratio of 0.83. The stock has a market capitalization of $4.09 billion, a price-to-earnings ratio of 30.57, a PEG ratio of 1.34 and a beta of 1.56. The company has a fifty day moving average of $40.61 and a 200 day moving average of $48.37. GXO Logistics, Inc. has a fifty-two week low of $32.70 and a fifty-two week high of $63.33.

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

GXO Logistics 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.