Heard Capital LLC Has $37.51 Million Holdings in GXO Logistics, Inc. (NYSE:GXO)

Heard Capital LLC raised its holdings in GXO Logistics, Inc. (NYSE:GXOFree Report) by 5.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 613,300 shares of the company’s stock after acquiring an additional 30,926 shares during the period. GXO Logistics comprises 2.5% of Heard Capital LLC’s holdings, making the stock its 15th biggest holding. Heard Capital LLC’s holdings in GXO Logistics were worth $37,509,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Gilman Hill Asset Management LLC increased its stake in shares of GXO Logistics by 0.3% in the 4th quarter. Gilman Hill Asset Management LLC now owns 56,156 shares of the company’s stock valued at $3,435,000 after acquiring an additional 170 shares in the last quarter. Ipswich Investment Management Co. Inc. boosted its position in shares of GXO Logistics by 1.6% during the 3rd quarter. Ipswich Investment Management Co. Inc. now owns 12,430 shares of the company’s stock worth $729,000 after purchasing an additional 190 shares in the last quarter. Kestra Private Wealth Services LLC raised its stake in shares of GXO Logistics by 5.3% during the 3rd quarter. Kestra Private Wealth Services LLC now owns 4,004 shares of the company’s stock worth $235,000 after purchasing an additional 200 shares during the period. Mathes Company Inc. boosted its holdings in shares of GXO Logistics by 1.0% in the 4th quarter. Mathes Company Inc. now owns 23,225 shares of the company’s stock worth $1,420,000 after buying an additional 225 shares during the last quarter. Finally, Coldstream Capital Management Inc. increased its holdings in GXO Logistics by 6.1% during the fourth quarter. Coldstream Capital Management Inc. now owns 4,477 shares of the company’s stock worth $274,000 after buying an additional 258 shares during the last quarter. Institutional investors and hedge funds own 90.67% of the company’s stock.

GXO Logistics Price Performance

Shares of GXO traded down $0.67 during midday trading on Tuesday, hitting $49.85. 174,341 shares of the company traded hands, compared to its average volume of 844,007. The stock has a 50-day moving average of $51.06 and a 200-day moving average of $54.18. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.94 and a quick ratio of 0.94. GXO Logistics, Inc. has a one year low of $48.09 and a one year high of $67.57. The firm has a market cap of $5.95 billion, a P/E ratio of 36.33, a PEG ratio of 1.51 and a beta of 1.61.

GXO Logistics (NYSE:GXOGet Free Report) last posted its earnings results on Tuesday, May 7th. The company reported $0.45 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.45. The business had revenue of $2.46 billion for the quarter, compared to analysts’ expectations of $2.38 billion. GXO Logistics had a net margin of 1.68% and a return on equity of 10.60%. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.49 EPS. As a group, sell-side analysts predict that GXO Logistics, Inc. will post 2.77 EPS for the current fiscal year.

Insider Activity at GXO Logistics

In other GXO Logistics news, Director Gena L. Ashe sold 4,737 shares of the company’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $50.00, for a total value of $236,850.00. Following the transaction, the director now directly owns 20,851 shares in the company, valued at approximately $1,042,550. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.20% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on GXO. Loop Capital reduced their target price on shares of GXO Logistics from $76.00 to $74.00 and set a “buy” rating for the company in a research report on Thursday, April 18th. Morgan Stanley restated an “overweight” rating and issued a $70.00 target price on shares of GXO Logistics in a research note on Tuesday, May 14th. Stifel Nicolaus reiterated a “buy” rating and set a $74.00 price target on shares of GXO Logistics in a research note on Wednesday, May 15th. JPMorgan Chase & Co. decreased their price objective on GXO Logistics from $67.00 to $65.00 and set an “overweight” rating for the company in a report on Tuesday, April 9th. Finally, BNP Paribas raised shares of GXO Logistics from an “underperform” rating to a “neutral” rating and set a $50.00 price objective on the stock in a report on Wednesday, March 27th. One equities research analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, GXO Logistics has an average rating of “Moderate Buy” and an average price target of $69.38.

View Our Latest Research Report on GXO

About GXO Logistics

(Free Report)

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.

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Institutional Ownership by Quarter for GXO Logistics (NYSE:GXO)

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