Firetrail Investments PTY Ltd. Purchases 18,191 Shares of GXO Logistics, Inc. (NYSE:GXO)

Firetrail Investments PTY Ltd. grew its stake in shares of GXO Logistics, Inc. (NYSE:GXO) by 9.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 219,694 shares of the company’s stock after buying an additional 18,191 shares during the quarter. GXO Logistics makes up 2.9% of Firetrail Investments PTY Ltd.’s holdings, making the stock its 19th biggest holding. Firetrail Investments PTY Ltd. owned approximately 0.18% of GXO Logistics worth $9,591,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of GXO. DekaBank Deutsche Girozentrale acquired a new position in shares of GXO Logistics during the third quarter worth $28,000. Hara Capital LLC bought a new stake in shares of GXO Logistics during the third quarter worth about $50,000. R Squared Ltd bought a new stake in shares of GXO Logistics during the fourth quarter worth about $54,000. Nomura Asset Management Co. Ltd. grew its position in GXO Logistics by 33.3% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 1,160 shares of the company’s stock worth $60,000 after purchasing an additional 290 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. grew its position in GXO Logistics by 213.5% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,370 shares of the company’s stock worth $60,000 after purchasing an additional 933 shares in the last quarter. Institutional investors own 90.67% of the company’s stock.

GXO Logistics Stock Down 0.9 %

NYSE GXO opened at $39.38 on Friday. The stock has a market cap of $4.71 billion, a PE ratio of 35.16, a P/E/G ratio of 1.34 and a beta of 1.60. The business has a 50 day moving average price of $43.01 and a two-hundred day moving average price of $50.16. The company has a quick ratio of 0.86, a current ratio of 0.83 and a debt-to-equity ratio of 0.83. GXO Logistics, Inc. has a fifty-two week low of $34.51 and a fifty-two week high of $63.33.

GXO Logistics (NYSE:GXO) last announced its earnings results 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 return on equity of 11.16% and a net margin of 1.14%. As a group, sell-side analysts predict that GXO Logistics, Inc. will post 2.49 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Wells Fargo & Company cut their price objective on shares of GXO Logistics from $60.00 to $44.00 and set an “overweight” rating for the company in a report on Friday, February 14th. Morgan Stanley lowered their price objective on shares of GXO Logistics from $63.00 to $57.00 and set an “overweight” rating on the stock in a research report on Friday, February 14th. Oppenheimer decreased their target price on shares of GXO Logistics from $67.00 to $55.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 18th. The Goldman Sachs Group decreased their target price 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, TD Cowen boosted their price objective on shares of GXO Logistics from $82.00 to $83.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $57.62.

About GXO Logistics

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.