Firetrail Investments PTY Ltd. Has $9.59 Million Holdings in GXO Logistics, Inc. (NYSE:GXO)

Firetrail Investments PTY Ltd. grew its position in GXO Logistics, Inc. (NYSE:GXO) by 9.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 219,694 shares of the company’s stock after purchasing an additional 18,191 shares during the quarter. GXO Logistics comprises approximately 2.9% of Firetrail Investments PTY Ltd.’s investment portfolio, making the stock its 19th biggest position. Firetrail Investments PTY Ltd.’s holdings in GXO Logistics were worth $9,591,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Stifel Financial Corp raised its position in shares of GXO Logistics by 95.8% in the 3rd quarter. Stifel Financial Corp now owns 76,045 shares of the company’s stock valued at $3,960,000 after buying an additional 37,197 shares in the last quarter. Douglas Lane & Associates LLC boosted its stake 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 lifted its position 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 acquiring an additional 12,208 shares during the period. Tidal Investments LLC acquired a new position in shares of GXO Logistics during the 3rd quarter valued at $667,000. Finally, Barclays PLC lifted its position in shares of GXO Logistics by 28.9% during the 3rd quarter. Barclays PLC now owns 62,545 shares of the company’s stock valued at $3,256,000 after acquiring an additional 14,020 shares during the period. Institutional investors and hedge funds own 90.67% of the company’s stock.

GXO Logistics Stock Performance

Shares of GXO stock opened at $39.38 on Friday. The stock has a fifty day moving average price of $43.01 and a 200 day moving average price of $50.16. The stock has a market cap of $4.71 billion, a PE ratio of 35.16, a P/E/G ratio of 1.34 and a beta of 1.60. GXO Logistics, Inc. has a 1 year low of $34.51 and a 1 year high of $63.33. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.86 and a current ratio of 0.83.

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

Wall Street Analyst Weigh In

Several analysts have recently commented on GXO shares. UBS Group lowered their target price on shares of GXO Logistics from $72.00 to $50.00 and set a “buy” rating for the company in a report on Friday, February 14th. Stifel Nicolaus restated a “buy” rating and set a $66.00 price objective (down previously from $74.00) on shares of GXO Logistics in a report on Friday, February 14th. 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. TD Cowen boosted their price objective on shares of GXO Logistics from $82.00 to $83.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Finally, Morgan Stanley reduced their price objective on shares of GXO Logistics from $63.00 to $57.00 and set an “overweight” rating for the company in a research note on Friday, February 14th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, GXO Logistics currently has an average rating of “Moderate Buy” and an average target price of $57.62.

GXO Logistics Company 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.