967 Shares in GXO Logistics, Inc. (NYSE:GXO) Purchased by Headlands Technologies LLC

Headlands Technologies LLC bought a new stake in shares of GXO Logistics, Inc. (NYSE:GXO) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 967 shares of the company’s stock, valued at approximately $59,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. DekaBank Deutsche Girozentrale purchased a new stake in shares of GXO Logistics in the third quarter worth $31,000. CWM LLC raised its holdings in shares of GXO Logistics by 28.1% in the 4th quarter. CWM LLC now owns 1,778 shares of the company’s stock valued at $109,000 after acquiring an additional 390 shares in the last quarter. First Horizon Advisors Inc. raised its holdings in shares of GXO Logistics by 81.9% in the 3rd quarter. First Horizon Advisors Inc. now owns 1,912 shares of the company’s stock valued at $112,000 after acquiring an additional 861 shares in the last quarter. U S Global Investors Inc. boosted its position in shares of GXO Logistics by 42.5% during the 4th quarter. U S Global Investors Inc. now owns 2,472 shares of the company’s stock valued at $151,000 after acquiring an additional 737 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd grew its holdings in shares of GXO Logistics by 108.8% during the third quarter. Harvest Fund Management Co. Ltd now owns 2,909 shares of the company’s stock worth $171,000 after purchasing an additional 1,516 shares in the last quarter. Hedge funds and other institutional investors own 90.67% of the company’s stock.

Insiders Place Their Bets

In other news, Director Gena L. Ashe sold 4,737 shares of the company’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $50.00, for a total transaction of $236,850.00. Following the completion of the transaction, the director now directly owns 20,851 shares of the company’s stock, valued at $1,042,550. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 2.00% of the company’s stock.

Analyst Upgrades and Downgrades

GXO has been the subject of several research analyst reports. Stifel Nicolaus lifted their target price on shares of GXO Logistics from $69.00 to $75.00 and gave the company a “buy” rating in a research report on Wednesday, January 10th. TD Cowen upped their target price on shares of GXO Logistics from $78.00 to $80.00 and gave the stock a “buy” rating in a research report on Thursday, April 25th. BNP Paribas raised GXO Logistics from an “underperform” rating to a “neutral” rating and set a $50.00 target price on the stock in a research note on Wednesday, March 27th. Susquehanna lifted their price target on GXO Logistics from $73.00 to $75.00 and gave the stock a “positive” rating in a research note on Thursday, February 15th. Finally, Citigroup reduced their price objective on GXO Logistics from $66.00 to $64.00 and set a “buy” rating on the stock in a research report on Thursday, February 15th. One investment analyst has rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $69.69.

GXO Logistics Price Performance

GXO opened at $49.28 on Thursday. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.98 and a quick ratio of 0.98. The stock’s 50 day simple moving average is $50.80 and its 200 day simple moving average is $54.45. The firm has a market cap of $5.88 billion, a price-to-earnings ratio of 25.80, a PEG ratio of 2.14 and a beta of 1.64. GXO Logistics, Inc. has a 1 year low of $48.11 and a 1 year high of $67.57.

GXO Logistics (NYSE:GXO) last issued its earnings results on Tuesday, February 13th. The company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.01. GXO Logistics had a net margin of 2.34% and a return on equity of 10.94%. The firm had revenue of $2.59 billion for the quarter, compared to analysts’ expectations of $2.55 billion. During the same quarter last year, the business earned $0.83 earnings per share. The business’s revenue was up 5.0% on a year-over-year basis. As a group, analysts predict that GXO Logistics, Inc. will post 2.78 earnings per share for the current year.

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.