GXO Logistics, Inc. (NYSE:GXO) Short Interest Update

GXO Logistics, Inc. (NYSE:GXO) saw a significant growth in short interest during the month of January. As of January 31st, there was short interest totalling 4,460,000 shares, a growth of 10.4% from the January 15th total of 4,040,000 shares. Currently, 3.8% of the company’s shares are short sold. Based on an average trading volume of 1,320,000 shares, the days-to-cover ratio is presently 3.4 days.

Institutional Trading of GXO Logistics

Hedge funds have recently bought and sold shares of the business. DekaBank Deutsche Girozentrale bought a new position in shares of GXO Logistics during the 3rd quarter worth $28,000. Murphy & Mullick Capital Management Corp purchased a new position in shares of GXO Logistics in the fourth quarter worth about $41,000. Summit Securities Group LLC raised its position in shares of GXO Logistics by 870.9% in the fourth quarter. Summit Securities Group LLC now owns 1,000 shares of the company’s stock valued at $44,000 after purchasing an additional 897 shares during the period. Signaturefd LLC lifted its stake in shares of GXO Logistics by 37.2% during the 3rd quarter. Signaturefd LLC now owns 918 shares of the company’s stock valued at $48,000 after buying an additional 249 shares in the last quarter. Finally, Hara Capital LLC purchased a new stake in shares of GXO Logistics during the 3rd quarter valued at approximately $50,000. 90.67% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Oppenheimer lifted their target price on GXO Logistics from $63.00 to $67.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. Stifel Nicolaus reiterated a “buy” rating and set a $66.00 target price (down previously from $74.00) on shares of GXO Logistics in a research report on Friday. The Goldman Sachs Group reduced their price target on shares of GXO Logistics from $63.00 to $54.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Barclays dropped their price objective on shares of GXO Logistics from $52.00 to $45.00 and set an “equal weight” rating on the stock in a report on Thursday, February 13th. Finally, Wells Fargo & Company reduced their target price on GXO Logistics from $60.00 to $44.00 and set an “overweight” rating for the company in a research note on Friday. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $58.54.

GXO Logistics Stock Up 8.8 %

Shares of NYSE:GXO opened at $39.49 on Tuesday. The business’s 50 day moving average is $44.20 and its 200 day moving average is $50.69. GXO Logistics has a 12-month low of $34.51 and a 12-month high of $63.33. The stock has a market cap of $4.72 billion, a price-to-earnings ratio of 43.88, a PEG ratio of 1.19 and a beta of 1.60. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.81.

GXO Logistics (NYSE:GXO) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $1.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.94 by $0.06. GXO Logistics had a net margin of 0.97% and a return on equity of 10.03%. On average, sell-side analysts forecast that GXO Logistics will post 2.73 earnings per share for the current fiscal year.

About GXO Logistics

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.