Moore Capital Management LP Purchases Shares of 224,968 GXO Logistics, Inc. $GXO

Moore Capital Management LP purchased a new stake in GXO Logistics, Inc. (NYSE:GXO) in the 4th quarter, according to its most recent filing with the SEC. The fund purchased 224,968 shares of the company’s stock, valued at approximately $11,842,000. Moore Capital Management LP owned about 0.20% of GXO Logistics as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in GXO. Northwestern Mutual Wealth Management Co. increased its holdings in shares of GXO Logistics by 3,222,426.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 11,697,772 shares of the company’s stock worth $593,791,000 after buying an additional 11,697,409 shares during the last quarter. Focus Partners Wealth acquired a new stake in shares of GXO Logistics during the 4th quarter worth $181,648,000. Victory Capital Management Inc. increased its holdings in shares of GXO Logistics by 1,168.3% during the 4th quarter. Victory Capital Management Inc. now owns 1,191,218 shares of the company’s stock worth $62,706,000 after buying an additional 1,097,298 shares during the last quarter. Norges Bank acquired a new stake in shares of GXO Logistics during the 4th quarter worth $57,598,000. Finally, Milford Funds Ltd. acquired a new stake in shares of GXO Logistics during the 4th quarter worth $43,250,000. 90.67% of the stock is currently owned by institutional investors and hedge funds.

GXO Logistics Stock Down 3.7%

Shares of GXO Logistics stock opened at $48.13 on Thursday. The company has a fifty day moving average price of $51.92 and a 200 day moving average price of $54.54. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.88. GXO Logistics, Inc. has a twelve month low of $42.61 and a twelve month high of $66.85. The stock has a market cap of $5.54 billion, a price-to-earnings ratio of 42.22, a price-to-earnings-growth ratio of 1.66 and a beta of 1.56.

GXO Logistics (NYSE:GXO) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.13. GXO Logistics had a net margin of 0.98% and a return on equity of 10.55%. The firm had revenue of $3.30 billion during the quarter, compared to analysts’ expectations of $3.22 billion. During the same period in the prior year, the company earned $0.29 EPS. The firm’s revenue was up 10.8% on a year-over-year basis. GXO Logistics has set its FY 2026 guidance at 2.90-3.200 EPS. Equities research analysts forecast that GXO Logistics, Inc. will post 3.06 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently commented on GXO shares. Wall Street Zen upgraded GXO Logistics from a “hold” rating to a “buy” rating in a report on Sunday, May 31st. Barclays upgraded GXO Logistics from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $58.00 to $65.00 in a report on Wednesday, May 27th. Stifel Nicolaus set a $71.00 price objective on GXO Logistics in a report on Thursday, May 7th. Wells Fargo & Company dropped their price objective on GXO Logistics from $70.00 to $65.00 and set an “overweight” rating for the company in a report on Thursday, May 7th. Finally, The Goldman Sachs Group downgraded GXO Logistics from a “buy” rating to a “neutral” rating and set a $68.00 price objective for the company. in a report on Wednesday, March 4th. Eleven investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $69.92.

GXO Logistics Profile

GXO Logistics (NYSE: GXO) is a global contract logistics provider specializing in warehousing, distribution, and value-added supply chain services. Established in August 2021 as a spin-off from XPO Logistics, the company has built its reputation on integrating advanced technology and automation into traditional logistics operations. GXO’s core offerings include e-commerce fulfillment, inventory management, returns processing, and reverse logistics, supported by a network of fulfillment centers and distribution hubs designed to optimize order accuracy and delivery speed.

The company serves customers across a diverse array of industries, including retail, technology, consumer goods, automotive, industrial, and healthcare.