RK Capital Management LLC Has $9.84 Million Stock Holdings in GXO Logistics, Inc. (NYSE:GXO)

RK Capital Management LLC grew its stake in GXO Logistics, Inc. (NYSE:GXO) by 5.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 156,700 shares of the company’s stock after purchasing an additional 8,500 shares during the quarter. GXO Logistics comprises approximately 2.1% of RK Capital Management LLC’s holdings, making the stock its 23rd largest holding. RK Capital Management LLC owned 0.09% of GXO Logistics worth $9,844,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Geneos Wealth Management Inc. bought a new stake in shares of GXO Logistics in the 1st quarter valued at about $39,000. Financial Management Professionals Inc. bought a new position in shares of GXO Logistics during the second quarter worth $42,000. Mitsubishi UFJ Trust & Banking Corp boosted its position in shares of GXO Logistics by 44.9% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 881 shares of the company’s stock worth $44,000 after purchasing an additional 273 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its holdings in shares of GXO Logistics by 58.2% in the 1st quarter. Nomura Asset Management Co. Ltd. now owns 870 shares of the company’s stock valued at $44,000 after buying an additional 320 shares during the period. Finally, BOKF NA bought a new stake in shares of GXO Logistics in the 1st quarter valued at $57,000. 90.67% of the stock is currently owned by institutional investors.

GXO Logistics Price Performance

GXO stock traded up $0.16 during midday trading on Monday, reaching $57.56. The company had a trading volume of 95,784 shares, compared to its average volume of 755,141. The stock has a 50 day moving average price of $55.25 and a 200-day moving average price of $59.24. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.01 and a quick ratio of 1.01. GXO Logistics, Inc. has a 1-year low of $40.21 and a 1-year high of $67.57. The company has a market capitalization of $6.85 billion, a price-to-earnings ratio of 34.10, a price-to-earnings-growth ratio of 2.56 and a beta of 1.75.

GXO Logistics (NYSE:GXO) last announced its earnings results on Tuesday, November 7th. The company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.04. The business had revenue of $2.47 billion during the quarter, compared to analyst estimates of $2.48 billion. GXO Logistics had a return on equity of 11.76% and a net margin of 2.09%. GXO Logistics’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period last year, the company earned $0.75 EPS. Equities research analysts expect that GXO Logistics, Inc. will post 2.59 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on GXO shares. UBS Group lowered their price target on GXO Logistics from $74.00 to $71.00 and set a “buy” rating for the company in a report on Thursday, November 9th. Oppenheimer lowered their target price on GXO Logistics from $76.00 to $66.00 and set an “outperform” rating for the company in a report on Monday, November 13th. Stifel Nicolaus reduced their price target on GXO Logistics from $77.00 to $76.00 and set a “buy” rating for the company in a research report on Monday, October 16th. Citigroup lifted their price target on shares of GXO Logistics from $66.00 to $74.00 and gave the company a “buy” rating in a research note on Thursday, August 31st. Finally, Morgan Stanley dropped their target price on GXO Logistics from $78.00 to $75.00 and set an “overweight” rating on the stock in a report on Friday, November 10th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $67.47.

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, 2022, it operated in approximately 979 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.