Versor Investments LP Makes New $692,000 Investment in GXO Logistics, Inc. (NYSE:GXO)

Versor Investments LP purchased a new position in shares of GXO Logistics, Inc. (NYSE:GXO) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 15,900 shares of the company’s stock, valued at approximately $692,000.

Several other institutional investors have also recently made changes to their positions in GXO. State Street Corp increased its holdings in shares of GXO Logistics by 1.9% during the 3rd quarter. State Street Corp now owns 3,631,328 shares of the company’s stock worth $189,083,000 after acquiring an additional 66,232 shares during the last quarter. Fort Pitt Capital Group LLC increased its holdings in shares of GXO Logistics by 2.1% during the 3rd quarter. Fort Pitt Capital Group LLC now owns 2,467,814 shares of the company’s stock worth $128,499,000 after acquiring an additional 51,208 shares during the last quarter. Swedbank AB increased its holdings in shares of GXO Logistics by 13.9% during the 4th quarter. Swedbank AB now owns 2,050,000 shares of the company’s stock worth $89,175,000 after acquiring an additional 250,000 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of GXO Logistics by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,982,920 shares of the company’s stock worth $103,279,000 after acquiring an additional 29,992 shares during the last quarter. Finally, River Road Asset Management LLC increased its holdings in shares of GXO Logistics by 40.4% during the 3rd quarter. River Road Asset Management LLC now owns 1,308,532 shares of the company’s stock worth $68,135,000 after acquiring an additional 376,704 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 opened at $39.38 on Friday. GXO Logistics, Inc. has a 12-month low of $34.51 and a 12-month high of $63.33. The business has a 50-day simple moving average of $43.01 and a two-hundred day simple moving average of $50.14. The company has a quick ratio of 0.86, a current ratio of 0.83 and a debt-to-equity ratio of 0.83. The stock has a market cap of $4.71 billion, a PE ratio of 35.16, a PEG ratio of 1.34 and a beta of 1.60.

GXO Logistics (NYSE:GXO) last issued its earnings results on Wednesday, February 12th. The company reported $1.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.94 by $0.06. GXO Logistics had a return on equity of 11.16% and a net margin of 1.14%. Analysts anticipate that GXO Logistics, Inc. will post 2.49 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on GXO shares. TD Cowen boosted their target price on GXO Logistics from $82.00 to $83.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Morgan Stanley reduced their price target on GXO Logistics from $63.00 to $57.00 and set an “overweight” rating for the company in a research note on Friday, February 14th. Oppenheimer reduced their price target on GXO Logistics from $67.00 to $55.00 and set an “outperform” rating for the company in a research note on Tuesday, February 18th. Stifel Nicolaus restated a “buy” rating and issued a $66.00 price target (down from $74.00) on shares of GXO Logistics in a research note on Friday, February 14th. Finally, Wells Fargo & Company reduced their price target on GXO Logistics from $60.00 to $44.00 and set an “overweight” rating for the company in a research note on Friday, February 14th. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, GXO Logistics has an average rating of “Moderate Buy” and an average target price of $57.62.

GXO Logistics 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.