FNY Investment Advisers LLC Takes $182,000 Position in GXO Logistics, Inc. (NYSE:GXO)

FNY Investment Advisers LLC bought a new position in shares of GXO Logistics, Inc. (NYSE:GXO) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 4,200 shares of the company’s stock, valued at approximately $182,000.

Other large investors have also recently bought and sold shares of the company. DekaBank Deutsche Girozentrale purchased a new stake in GXO Logistics during the 3rd quarter worth about $28,000. UMB Bank n.a. raised its position in shares of GXO Logistics by 111.4% during the 3rd quarter. UMB Bank n.a. now owns 628 shares of the company’s stock worth $33,000 after acquiring an additional 331 shares in the last quarter. Signaturefd LLC lifted its stake in GXO Logistics by 37.2% during the third quarter. Signaturefd LLC now owns 918 shares of the company’s stock worth $48,000 after purchasing an additional 249 shares during the last quarter. Hara Capital LLC purchased a new stake in GXO Logistics during the third quarter worth approximately $50,000. Finally, Whittier Trust Co. of Nevada Inc. boosted its holdings in GXO Logistics by 37.6% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 1,032 shares of the company’s stock valued at $54,000 after purchasing an additional 282 shares in the last quarter. Hedge funds and other institutional investors own 90.67% of the company’s stock.

GXO Logistics Price Performance

Shares of GXO opened at $43.56 on Wednesday. The company has a market capitalization of $5.20 billion, a price-to-earnings ratio of 48.40, a price-to-earnings-growth ratio of 1.47 and a beta of 1.60. GXO Logistics, Inc. has a fifty-two week low of $41.38 and a fifty-two week high of $63.33. The firm has a 50-day simple moving average of $51.18 and a 200-day simple moving average of $52.17. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.86 and a current ratio of 0.86.

GXO Logistics (NYSE:GXO) last posted its quarterly earnings data on Monday, November 4th. The company reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.01. GXO Logistics had a return on equity of 10.03% and a net margin of 0.97%. The company had revenue of $3.16 billion during the quarter, compared to analysts’ expectations of $3.01 billion. During the same period last year, the firm earned $0.69 EPS. The firm’s revenue for the quarter was up 27.8% on a year-over-year basis. On average, equities research analysts anticipate that GXO Logistics, Inc. will post 2.76 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on GXO shares. UBS Group raised their price objective on shares of GXO Logistics from $66.00 to $72.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. TD Cowen lifted their price target on shares of GXO Logistics from $82.00 to $83.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Susquehanna decreased their price objective on shares of GXO Logistics from $75.00 to $73.00 and set a “positive” rating for the company in a research note on Thursday, September 26th. Citigroup began coverage on GXO Logistics in a report on Wednesday, October 9th. They set a “buy” rating and a $60.00 price objective on the stock. Finally, Oppenheimer boosted their target price on GXO Logistics from $63.00 to $67.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $66.33.

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.