951 Shares in GXO Logistics, Inc. (NYSE:GXO) Purchased by Murphy & Mullick Capital Management Corp

Murphy & Mullick Capital Management Corp purchased a new position in GXO Logistics, Inc. (NYSE:GXO) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 951 shares of the company’s stock, valued at approximately $41,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GXO. Stifel Financial Corp boosted its position in shares of GXO Logistics by 95.8% in 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 last quarter. Douglas Lane & Associates LLC boosted its holdings in shares of GXO Logistics by 6.9% in the 4th quarter. Douglas Lane & Associates LLC now owns 480,553 shares of the company’s stock valued at $20,904,000 after purchasing an additional 31,015 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of GXO Logistics by 2.5% during the 3rd 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 buying an additional 12,208 shares during the period. Tidal Investments LLC acquired a new stake in shares of GXO Logistics during the 3rd quarter worth $667,000. Finally, Barclays PLC raised its position 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 buying an additional 14,020 shares during the period. Hedge funds and other institutional investors own 90.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on GXO. Loop Capital downgraded GXO Logistics from a “buy” rating to a “hold” rating and lowered their price target for the company from $71.00 to $49.00 in a research report on Monday, February 3rd. Oppenheimer dropped their target price on shares of GXO Logistics from $67.00 to $55.00 and set an “outperform” rating for the company in a research report on Tuesday, February 18th. Truist Financial started coverage on shares of GXO Logistics in a research report on Thursday, March 13th. They set a “hold” rating and a $40.00 price target on the stock. The Goldman Sachs Group dropped their price objective 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. Finally, Morgan Stanley reduced their target price on shares of GXO Logistics from $63.00 to $57.00 and set an “overweight” rating on the stock 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 data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $56.00.

GXO Logistics Stock Up 0.2 %

Shares of NYSE GXO opened at $39.99 on Friday. GXO Logistics, Inc. has a 1 year low of $34.51 and a 1 year high of $63.33. The stock’s 50-day simple moving average is $41.41 and its 200-day simple moving average is $48.90. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.86 and a current ratio of 0.83. The firm has a market cap of $4.78 billion, a price-to-earnings ratio of 35.70, a PEG ratio of 1.34 and a beta of 1.62.

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

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.