By otakuyassine3@gmail.com 
Traynor Capital Management Inc. lowered its position in shares of GXO Logistics, Inc. (NYSE:GXO – Free Report) by 3.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,008 shares of the company’s stock after selling 347 shares during the quarter. Traynor Capital Management Inc.’s holdings in GXO Logistics were worth $392,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. Janney Montgomery Scott LLC raised its stake in GXO Logistics by 14.6% in the 4th quarter. Janney Montgomery Scott LLC now owns 15,167 shares of the company’s stock valued at $660,000 after purchasing an additional 1,933 shares during the last quarter. Arkadios Wealth Advisors boosted its stake in GXO Logistics by 16.3% during the 4th quarter. Arkadios Wealth Advisors now owns 6,498 shares of the company’s stock worth $283,000 after purchasing an additional 909 shares during the last quarter. Avanza Fonder AB purchased a new stake in shares of GXO Logistics during the fourth quarter worth $117,000. Thurston Springer Miller Herd & Titak Inc. raised its position in shares of GXO Logistics by 213.5% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,370 shares of the company’s stock valued at $60,000 after buying an additional 933 shares during the last quarter. Finally, FNY Investment Advisers LLC purchased a new position in shares of GXO Logistics in the fourth quarter worth about $182,000. Hedge funds and other institutional investors own 90.67% of the company’s stock.
GXO Logistics Stock Performance
NYSE:GXO opened at $45.00 on Friday. GXO Logistics, Inc. has a fifty-two week low of $41.38 and a fifty-two week high of $63.33. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.86 and a current ratio of 0.86. The company has a 50 day moving average price of $48.99 and a 200 day moving average price of $51.91. The stock has a market capitalization of $5.38 billion, a P/E ratio of 50.00, a PEG ratio of 1.23 and a beta of 1.60.
GXO Logistics (NYSE:GXO – Get Free Report) last released its quarterly earnings results on Monday, November 4th. The company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.78 by $0.01. The business had revenue of $3.16 billion during the quarter, compared to analyst estimates of $3.01 billion. GXO Logistics had a return on equity of 10.03% and a net margin of 0.97%. The company’s quarterly revenue was up 27.8% on a year-over-year basis. During the same period last year, the business posted $0.69 earnings per share. Equities research analysts forecast that GXO Logistics, Inc. will post 2.73 EPS for the current year.
Analyst Upgrades and Downgrades
GXO has been the subject of a number of analyst reports. Oppenheimer upped their price target on GXO Logistics from $63.00 to $67.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. UBS Group upped their target price on GXO Logistics from $66.00 to $72.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Barclays reduced their price target on GXO Logistics from $60.00 to $52.00 and set an “equal weight” rating on the stock in a report on Wednesday, December 4th. The Goldman Sachs Group lowered their price target on shares of GXO Logistics from $63.00 to $54.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Finally, Citigroup initiated coverage on shares of GXO Logistics in a research report on Wednesday, October 9th. They set a “buy” rating and a $60.00 price objective for the company. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, GXO Logistics has a consensus rating of “Moderate Buy” and a consensus target price of $65.38.
Check Out Our Latest Stock Analysis on GXO
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.
Further Reading
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