GXO Logistics, Inc. $GXO Shares Sold by 683 Capital Management LLC

683 Capital Management LLC cut its stake in GXO Logistics, Inc. (NYSE:GXO) by 11.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 685,000 shares of the company’s stock after selling 90,000 shares during the quarter. GXO Logistics comprises approximately 1.6% of 683 Capital Management LLC’s investment portfolio, making the stock its 6th biggest position. 683 Capital Management LLC’s holdings in GXO Logistics were worth $36,058,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of GXO. Freestone Grove Partners LP purchased a new position in GXO Logistics during the 4th quarter valued at about $2,129,000. Guggenheim Capital LLC boosted its holdings in GXO Logistics by 5.3% during the 4th quarter. Guggenheim Capital LLC now owns 4,445 shares of the company’s stock valued at $234,000 after acquiring an additional 225 shares during the period. Luminus Management LLC boosted its holdings in GXO Logistics by 87.3% during the 4th quarter. Luminus Management LLC now owns 108,169 shares of the company’s stock valued at $5,694,000 after acquiring an additional 50,417 shares during the period. J. Goldman & Co LP purchased a new position in GXO Logistics during the 4th quarter valued at about $16,939,000. Finally, Cetera Investment Advisers boosted its stake in shares of GXO Logistics by 3.4% in the 4th quarter. Cetera Investment Advisers now owns 9,329 shares of the company’s stock valued at $491,000 after buying an additional 306 shares during the period. 90.67% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on GXO. Weiss Ratings cut GXO Logistics from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, June 1st. Barclays upgraded GXO Logistics from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $58.00 to $65.00 in a research note on Wednesday, May 27th. Stifel Nicolaus set a $71.00 price objective on GXO Logistics in a research note on Thursday, May 7th. Wall Street Zen upgraded GXO Logistics from a “hold” rating to a “buy” rating in a research note on Sunday, May 31st. Finally, The Goldman Sachs Group lowered GXO Logistics from a “buy” rating to a “neutral” rating and set a $68.00 target price on the stock. in a research report on Wednesday, March 4th. Eleven investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $69.92.

GXO Logistics Trading Down 3.7%

GXO opened at $48.13 on Thursday. The firm has a market cap of $5.54 billion, a price-to-earnings ratio of 42.22, a price-to-earnings-growth ratio of 1.66 and a beta of 1.56. GXO Logistics, Inc. has a 52 week low of $42.61 and a 52 week high of $66.85. The business’s 50 day moving average is $51.92 and its two-hundred day moving average is $54.54. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.88.

GXO Logistics (NYSE:GXO) last released its quarterly earnings results on Tuesday, May 5th. The company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.37 by $0.13. The company had revenue of $3.30 billion for the quarter, compared to analyst estimates of $3.22 billion. GXO Logistics had a return on equity of 10.55% and a net margin of 0.98%.The firm’s revenue was up 10.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.29 earnings per share. GXO Logistics has set its FY 2026 guidance at 2.90-3.200 EPS. On average, research analysts predict that GXO Logistics, Inc. will post 3.06 EPS for the current year.

GXO Logistics Company 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.