Blueshift Asset Management LLC Invests $415,000 in GXO Logistics, Inc. (NYSE:GXO)

Blueshift Asset Management LLC purchased a new position in shares of GXO Logistics, Inc. (NYSE:GXO) during the 4th quarter, HoldingsChannel.com reports. The firm purchased 9,540 shares of the company’s stock, valued at approximately $415,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in GXO. Magnetar Financial LLC bought a new stake in GXO Logistics in the fourth quarter valued at approximately $385,000. Xponance Inc. boosted its holdings in GXO Logistics by 6.0% in the fourth quarter. Xponance Inc. now owns 13,648 shares of the company’s stock valued at $594,000 after acquiring an additional 767 shares during the last quarter. Boston Partners bought a new stake in GXO Logistics in the fourth quarter valued at approximately $1,109,000. Retirement Planning Co of New England Inc. boosted its holdings in GXO Logistics by 13.4% in the fourth quarter. Retirement Planning Co of New England Inc. now owns 14,916 shares of the company’s stock valued at $649,000 after acquiring an additional 1,761 shares during the last quarter. Finally, RD Lewis Holdings Inc. bought a new stake in GXO Logistics in the fourth quarter valued at approximately $237,000. 90.67% of the stock is currently owned by institutional investors.

GXO Logistics Price Performance

Shares of NYSE:GXO opened at $40.72 on Friday. 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 twelve month low of $34.51 and a twelve month high of $63.33. The stock’s 50 day moving average is $41.75 and its 200-day moving average is $49.19. The firm has a market capitalization of $4.87 billion, a price-to-earnings ratio of 36.35, a PEG ratio of 1.34 and a beta of 1.62.

GXO Logistics (NYSE:GXO) last released its quarterly earnings results on Wednesday, February 12th. The company reported $1.00 EPS for the quarter, beating 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%. Sell-side analysts forecast that GXO Logistics, Inc. will post 2.49 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently commented on GXO shares. Wells Fargo & Company reduced their target price on GXO Logistics from $60.00 to $44.00 and set an “overweight” rating on the stock in a report on Friday, February 14th. Stifel Nicolaus reiterated a “buy” rating and issued a $66.00 target price (down from $74.00) on shares of GXO Logistics in a report on Friday, February 14th. Loop Capital lowered GXO Logistics from a “buy” rating to a “hold” rating and dropped their price target for the company from $71.00 to $49.00 in a research note on Monday, February 3rd. The Goldman Sachs Group dropped their price target on GXO Logistics from $63.00 to $54.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Finally, Oppenheimer dropped their price target on GXO Logistics from $67.00 to $55.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 18th. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $55.60.

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.