Arvin Capital Management LP Sells 34,825 Shares of GXO Logistics, Inc. $GXO

Arvin Capital Management LP lowered its stake in shares of GXO Logistics, Inc. (NYSE:GXO) by 7.3% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 440,800 shares of the company’s stock after selling 34,825 shares during the period. GXO Logistics makes up approximately 4.2% of Arvin Capital Management LP’s portfolio, making the stock its 10th biggest holding. Arvin Capital Management LP owned about 0.39% of GXO Logistics worth $23,314,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. River Road Asset Management LLC lifted its holdings in shares of GXO Logistics by 5.4% in the second quarter. River Road Asset Management LLC now owns 2,967,046 shares of the company’s stock valued at $147,492,000 after purchasing an additional 152,561 shares in the last quarter. Alliancebernstein L.P. raised its position in GXO Logistics by 9.0% in the 2nd quarter. Alliancebernstein L.P. now owns 2,736,892 shares of the company’s stock valued at $133,287,000 after buying an additional 225,603 shares during the last quarter. Swedbank AB raised its position in GXO Logistics by 4.2% in the 3rd quarter. Swedbank AB now owns 1,850,000 shares of the company’s stock valued at $97,846,000 after buying an additional 75,000 shares during the last quarter. Cooper Creek Partners Management LLC lifted its stake in GXO Logistics by 9.4% during the 2nd quarter. Cooper Creek Partners Management LLC now owns 1,478,785 shares of the company’s stock valued at $72,017,000 after acquiring an additional 127,477 shares in the last quarter. Finally, Global Alpha Capital Management Ltd. boosted its holdings in GXO Logistics by 42.7% during the 2nd quarter. Global Alpha Capital Management Ltd. now owns 1,164,730 shares of the company’s stock worth $56,722,000 after acquiring an additional 348,300 shares during the last quarter. 90.67% of the stock is owned by institutional investors.

GXO Logistics Stock Down 3.8%

GXO opened at $60.94 on Wednesday. GXO Logistics, Inc. has a twelve month low of $30.46 and a twelve month high of $66.85. The company’s 50-day moving average price is $58.55 and its two-hundred day moving average price is $54.48. The stock has a market cap of $6.99 billion, a price-to-earnings ratio of 203.13, a PEG ratio of 2.14 and a beta of 1.62. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.87.

GXO Logistics (NYSE:GXO) last issued its quarterly earnings results on Tuesday, February 10th. The company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.04. GXO Logistics had a net margin of 0.24% and a return on equity of 9.83%. During the same quarter last year, the company posted $1.00 earnings per share. The business’s revenue for the quarter was up 7.9% on a year-over-year basis. As a group, equities analysts expect that GXO Logistics, Inc. will post 2.49 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Oppenheimer reiterated an “outperform” rating and issued a $70.00 target price on shares of GXO Logistics in a report on Thursday, February 12th. UBS Group upped their price objective on shares of GXO Logistics from $63.00 to $74.00 and gave the stock a “buy” rating in a research report on Thursday, February 12th. Truist Financial increased their price objective on shares of GXO Logistics from $65.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, February 12th. Deutsche Bank Aktiengesellschaft upgraded GXO Logistics from a “hold” rating to a “buy” rating and set a $64.00 target price on the stock in a research note on Thursday, November 6th. Finally, Weiss Ratings lowered GXO Logistics from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday. Eleven research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $69.17.

About GXO Logistics

GXO Logistics (NYSE: GXO) is a global contract logistics provider specializing in warehousing, distribution, and value-added supply chain services. Established in August 2021 as a spin-off from XPO Logistics, the company has built its reputation on integrating advanced technology and automation into traditional logistics operations. GXO’s core offerings include e-commerce fulfillment, inventory management, returns processing, and reverse logistics, supported by a network of fulfillment centers and distribution hubs designed to optimize order accuracy and delivery speed.

The company serves customers across a diverse array of industries, including retail, technology, consumer goods, automotive, industrial, and healthcare.