Hudson Bay Capital Management LP Grows Stake in GXO Logistics, Inc. $GXO

Hudson Bay Capital Management LP increased its position in GXO Logistics, Inc. (NYSE:GXO) by 115.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 109,071 shares of the company’s stock after acquiring an additional 58,375 shares during the period. Hudson Bay Capital Management LP owned about 0.10% of GXO Logistics worth $5,769,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of GXO. Allworth Financial LP boosted its position in GXO Logistics by 175.0% in the third quarter. Allworth Financial LP now owns 517 shares of the company’s stock worth $27,000 after purchasing an additional 329 shares during the last quarter. Accredited Wealth Management LLC increased its position in shares of GXO Logistics by 1,100.0% during the 3rd quarter. Accredited Wealth Management LLC now owns 600 shares of the company’s stock valued at $32,000 after purchasing an additional 550 shares during the last quarter. Chapman Financial Group LLC bought a new position in shares of GXO Logistics in the 2nd quarter worth approximately $34,000. Farther Finance Advisors LLC lifted its stake in shares of GXO Logistics by 177.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 767 shares of the company’s stock worth $41,000 after purchasing an additional 491 shares during the period. Finally, Quent Capital LLC purchased a new position in shares of GXO Logistics in the third quarter worth approximately $50,000. Hedge funds and other institutional investors own 90.67% of the company’s stock.

GXO Logistics Stock Performance

NYSE GXO opened at $49.89 on Friday. 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, Inc. has a twelve month low of $30.46 and a twelve month high of $66.85. The business has a 50-day moving average price of $58.52 and a 200-day moving average price of $54.57. The firm has a market cap of $5.72 billion, a price-to-earnings ratio of 166.30, a price-to-earnings-growth ratio of 1.74 and a beta of 1.62.

GXO Logistics (NYSE:GXO) last issued its earnings results on Tuesday, February 10th. The company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.04. GXO Logistics had a return on equity of 9.83% and a net margin of 0.24%.The company had revenue of $3.51 billion for the quarter, compared to the consensus estimate of $3.48 billion. During the same quarter last year, the company earned $1.00 EPS. The firm’s quarterly revenue was up 7.9% on a year-over-year basis. As a group, equities research analysts predict that GXO Logistics, Inc. will post 2.49 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on GXO. Oppenheimer reaffirmed an “outperform” rating and set a $70.00 target price on shares of GXO Logistics in a report on Thursday, February 12th. UBS Group lifted their price target on shares of GXO Logistics from $63.00 to $74.00 and gave the stock a “buy” rating in a research note on Thursday, February 12th. The Goldman Sachs Group downgraded shares of GXO Logistics from a “buy” rating to a “neutral” rating and set a $68.00 price objective for the company. in a research report on Wednesday, March 4th. Citigroup upped their price objective on GXO Logistics from $66.00 to $68.00 and gave the stock a “buy” rating in a research note on Wednesday, February 11th. Finally, Truist Financial raised their target price on GXO Logistics from $65.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, February 12th. Ten investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $69.17.

GXO Logistics Profile

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.