EntryPoint Capital LLC Buys Shares of 9,857 GXO Logistics, Inc. (NYSE:GXO)

EntryPoint Capital LLC bought a new position in shares of GXO Logistics, Inc. (NYSE:GXO) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 9,857 shares of the company’s stock, valued at approximately $429,000.

A number of other large investors also recently modified their holdings of GXO. Stifel Financial Corp raised its stake in GXO Logistics by 95.8% during the third quarter. Stifel Financial Corp now owns 76,045 shares of the company’s stock worth $3,960,000 after acquiring an additional 37,197 shares during the period. Douglas Lane & Associates LLC boosted its stake in GXO Logistics by 6.9% in the fourth quarter. Douglas Lane & Associates LLC now owns 480,553 shares of the company’s stock valued at $20,904,000 after acquiring an additional 31,015 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of GXO Logistics by 2.5% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 502,273 shares of the company’s stock valued at $26,153,000 after purchasing an additional 12,208 shares during the last quarter. Tidal Investments LLC acquired a new stake in shares of GXO Logistics during the 3rd quarter worth approximately $667,000. Finally, Barclays PLC lifted its holdings in shares of GXO Logistics by 28.9% in the 3rd quarter. Barclays PLC now owns 62,545 shares of the company’s stock worth $3,256,000 after purchasing an additional 14,020 shares during the last quarter. 90.67% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Wells Fargo & Company lowered their price objective 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. Oppenheimer cut their price objective on shares of GXO Logistics from $67.00 to $55.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 18th. The Goldman Sachs Group reduced their target price on shares of GXO Logistics from $63.00 to $54.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Barclays dropped their price target on shares of GXO Logistics from $52.00 to $45.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 13th. Finally, Deutsche Bank Aktiengesellschaft began coverage on GXO Logistics in a report on Friday, March 7th. They issued a “hold” rating and a $45.00 price objective for the company. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, GXO Logistics has an average rating of “Moderate Buy” and a consensus price target of $55.60.

GXO Logistics Stock Performance

NYSE:GXO opened at $40.26 on Wednesday. The company has a 50-day moving average of $41.59 and a 200-day moving average of $49.02. The firm has a market cap of $4.81 billion, a price-to-earnings ratio of 35.95, a price-to-earnings-growth ratio of 1.34 and a beta of 1.62. The company has a current ratio of 0.83, a quick ratio of 0.86 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.

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

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.