Moore Capital Management LP Purchases 29,250 Shares of GXO Logistics, Inc. (NYSE:GXO)

Moore Capital Management LP boosted its position in shares of GXO Logistics, Inc. (NYSE:GXO – Get Rating) by 44.5% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 95,000 shares of the company’s stock after purchasing an additional 29,250 shares during the quarter. Moore Capital Management LP owned about 0.08% of GXO Logistics worth $3,331,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in the company. Pendal Group Ltd raised its holdings in shares of GXO Logistics by 87.9% in the third quarter. Pendal Group Ltd now owns 6,105,398 shares of the company’s stock valued at $214,055,000 after acquiring an additional 2,856,645 shares in the last quarter. State Street Corp raised its holdings in shares of GXO Logistics by 2.7% in the 2nd quarter. State Street Corp now owns 2,965,156 shares of the company’s stock valued at $128,302,000 after purchasing an additional 78,212 shares in the last quarter. Mar Vista Investment Partners LLC lifted its position in shares of GXO Logistics by 32.9% in the 2nd quarter. Mar Vista Investment Partners LLC now owns 1,323,898 shares of the company’s stock worth $57,285,000 after purchasing an additional 327,447 shares during the period. Invesco Ltd. boosted its stake in shares of GXO Logistics by 0.6% during the first quarter. Invesco Ltd. now owns 1,106,440 shares of the company’s stock valued at $78,934,000 after purchasing an additional 6,851 shares in the last quarter. Finally, Fort Pitt Capital Group LLC increased its holdings in GXO Logistics by 11.4% during the third quarter. Fort Pitt Capital Group LLC now owns 1,004,252 shares of the company’s stock valued at $35,209,000 after buying an additional 102,717 shares during the period. 99.47% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Gena L. Ashe sold 2,120 shares of the stock in a transaction dated Tuesday, January 17th. The stock was sold at an average price of $52.73, for a total transaction of $111,787.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 11.10% of the stock is owned by insiders.

GXO Logistics Stock Performance

GXO Logistics stock opened at $48.40 on Friday. GXO Logistics, Inc. has a 1-year low of $32.10 and a 1-year high of $79.54. The stock has a market cap of $5.75 billion, a price-to-earnings ratio of 28.81, a price-to-earnings-growth ratio of 1.74 and a beta of 1.70. The firm has a 50 day simple moving average of $50.57 and a 200-day simple moving average of $44.26. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.96 and a quick ratio of 0.96.

GXO Logistics (NYSE:GXO – Get Rating) last posted its earnings results on Tuesday, February 14th. The company reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.07. GXO Logistics had a net margin of 2.19% and a return on equity of 13.12%. The company had revenue of $2.47 billion for the quarter, compared to analysts’ expectations of $2.44 billion. On average, analysts expect that GXO Logistics, Inc. will post 2.4 EPS for the current year.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Susquehanna upped their target price on GXO Logistics from $53.00 to $62.00 and gave the stock a “positive” rating in a report on Thursday, January 19th. Susquehanna Bancshares dropped their price objective on GXO Logistics from $55.00 to $54.00 in a research report on Thursday, November 10th. The Goldman Sachs Group boosted their target price on shares of GXO Logistics from $52.00 to $55.00 in a report on Wednesday, February 15th. BNP Paribas cut shares of GXO Logistics from a “neutral” rating to an “underperform” rating and set a $40.00 price target on the stock. in a report on Thursday, February 2nd. Finally, Jefferies Financial Group boosted their price objective on shares of GXO Logistics from $60.00 to $65.00 and gave the stock a “buy” rating in a research note on Friday, January 13th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $60.44.

About GXO Logistics

(Get Rating)

GXO Logistics, Inc, together with its subsidiaries, provides logistics services worldwide. The company provides warehousing and distribution, order fulfilment, e-commerce, and other supply chain services, as well as reverse logistics or returns management services. As of December 31, 2021, it operated in approximately 906 facilities.