GXO Logistics, Inc. (NYSE:GXO) Stake Boosted by Driehaus Capital Management LLC

Driehaus Capital Management LLC increased its stake in GXO Logistics, Inc. (NYSE:GXO) by 22.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 141,320 shares of the company’s stock after purchasing an additional 26,099 shares during the period. Driehaus Capital Management LLC’s holdings in GXO Logistics were worth $6,147,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Murphy & Mullick Capital Management Corp bought a new stake in GXO Logistics in the fourth quarter valued at $41,000. Summit Securities Group LLC boosted its stake in GXO Logistics by 870.9% during the 4th quarter. Summit Securities Group LLC now owns 1,000 shares of the company’s stock valued at $44,000 after purchasing an additional 897 shares during the period. R Squared Ltd bought a new position in GXO Logistics in the 4th quarter worth about $54,000. Quarry LP increased its stake in shares of GXO Logistics by 1,334.9% in the fourth quarter. Quarry LP now owns 1,234 shares of the company’s stock valued at $54,000 after purchasing an additional 1,148 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of GXO Logistics by 213.5% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,370 shares of the company’s stock valued at $60,000 after purchasing an additional 933 shares during the period. Institutional investors and hedge funds own 90.67% of the company’s stock.

GXO Logistics Stock Performance

GXO opened at $39.67 on Friday. The business has a fifty day simple moving average of $37.11 and a 200-day simple moving average of $44.86. The firm has a market cap of $4.64 billion, a PE ratio of 35.42, a P/E/G ratio of 1.34 and a beta of 1.56. 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 $30.46 and a fifty-two week high of $63.33.

GXO Logistics (NYSE:GXO) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.03. GXO Logistics had a return on equity of 11.16% and a net margin of 1.14%. The firm had revenue of $2.98 billion for the quarter, compared to analysts’ expectations of $2.94 billion. During the same quarter last year, the business posted $0.45 EPS. GXO Logistics’s revenue was up 21.2% on a year-over-year basis. As a group, equities analysts predict that GXO Logistics, Inc. will post 2.49 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Oppenheimer decreased their price objective on GXO Logistics from $67.00 to $55.00 and set an “outperform” rating for the company in a report on Tuesday, February 18th. Morgan Stanley lowered their price target on GXO Logistics from $63.00 to $57.00 and set an “overweight” rating on the stock in a report on Friday, February 14th. Deutsche Bank Aktiengesellschaft started coverage on shares of GXO Logistics in a report on Friday, March 7th. They issued a “hold” rating and a $45.00 price objective for the company. Citigroup dropped their price target on shares of GXO Logistics from $51.00 to $45.00 and set a “buy” rating on the stock in a research report on Tuesday, April 8th. Finally, UBS Group decreased their price objective on shares of GXO Logistics from $72.00 to $50.00 and set a “buy” rating for the company in a report on Friday, February 14th. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $54.57.

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.