Aquatic Capital Management LLC Invests $1.98 Million in GXO Logistics, Inc. (NYSE:GXO)

Aquatic Capital Management LLC purchased a new position in shares of GXO Logistics, Inc. (NYSE:GXO) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 45,410 shares of the company’s stock, valued at approximately $1,975,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in GXO. Kovitz Investment Group Partners LLC increased its holdings in GXO Logistics by 28,112.6% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 2,621,515 shares of the company’s stock valued at $114,036,000 after purchasing an additional 2,612,223 shares during the last quarter. Norges Bank acquired a new stake in GXO Logistics in the 4th quarter valued at approximately $55,266,000. Vaughan Nelson Investment Management L.P. acquired a new stake in GXO Logistics in the 4th quarter valued at approximately $47,626,000. River Road Asset Management LLC increased its holdings in GXO Logistics by 53.5% in the 4th quarter. River Road Asset Management LLC now owns 2,008,168 shares of the company’s stock valued at $87,355,000 after purchasing an additional 699,636 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in GXO Logistics in the 4th quarter valued at approximately $20,905,000. Institutional investors and hedge funds own 90.67% of the company’s stock.

GXO Logistics Price Performance

Shares of NYSE:GXO opened at $35.94 on Tuesday. The company’s fifty day moving average price is $37.44 and its 200 day moving average price is $46.16. GXO Logistics, Inc. has a 12 month low of $30.46 and a 12 month high of $63.33. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.83 and a quick ratio of 0.86. The firm has a market capitalization of $4.21 billion, a P/E ratio of 32.09, a P/E/G ratio of 1.34 and a beta of 1.56.

GXO Logistics (NYSE:GXO) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $1.00 EPS for the quarter, topping the consensus estimate of $0.94 by $0.06. GXO Logistics had a net margin of 1.14% and a return on equity of 11.16%. As a group, sell-side analysts predict that GXO Logistics, Inc. will post 2.49 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on GXO. Deutsche Bank Aktiengesellschaft began coverage on shares of GXO Logistics in a research report on Friday, March 7th. They issued a “hold” rating and a $45.00 price target for the company. UBS Group decreased their price target on shares of GXO Logistics from $72.00 to $50.00 and set a “buy” rating for the company in a research report on Friday, February 14th. Loop Capital cut shares of GXO Logistics from a “buy” rating to a “hold” rating and decreased their price target for the company from $71.00 to $49.00 in a research report on Monday, February 3rd. Citigroup decreased their price target on shares of GXO Logistics from $51.00 to $45.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. Finally, The Goldman Sachs Group decreased their price target on shares of GXO Logistics from $63.00 to $54.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, GXO Logistics presently has a consensus rating of “Moderate Buy” and a consensus target price of $54.57.

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.