Short Interest in GXO Logistics, Inc. (NYSE:GXO) Grows By 10.4%

GXO Logistics, Inc. (NYSE:GXO) saw a large 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. Based on an average trading volume of 1,320,000 shares, the days-to-cover ratio is currently 3.4 days. Currently, 3.8% of the company’s shares are sold short.

Analyst Ratings Changes

Several equities analysts have commented on the company. TD Cowen upped their price objective on GXO Logistics from $82.00 to $83.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Loop Capital downgraded GXO Logistics from a “buy” rating to a “hold” rating and cut their price objective for the company from $71.00 to $49.00 in a research report on Monday, February 3rd. Stifel Nicolaus reissued a “buy” rating and set a $66.00 price target (down previously from $74.00) on shares of GXO Logistics in a research report on Friday. Barclays dropped their price target on GXO Logistics from $52.00 to $45.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 13th. Finally, Oppenheimer increased their price target on GXO Logistics from $63.00 to $67.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $58.54.

Institutional Investors Weigh In On GXO Logistics

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. CWM LLC raised its stake in shares of GXO Logistics by 13.8% in the third quarter. CWM LLC now owns 1,961 shares of the company’s stock worth $102,000 after purchasing an additional 238 shares during the last quarter. Bleakley Financial Group LLC purchased a new position in shares of GXO Logistics in the third quarter worth about $201,000. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of GXO Logistics by 1.1% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 46,276 shares of the company’s stock worth $2,410,000 after purchasing an additional 504 shares during the last quarter. Kirr Marbach & Co. LLC IN raised its stake in shares of GXO Logistics by 0.4% in the third quarter. Kirr Marbach & Co. LLC IN now owns 99,139 shares of the company’s stock worth $5,162,000 after purchasing an additional 434 shares during the last quarter. Finally, Raymond James & Associates raised its stake in shares of GXO Logistics by 16.3% in the third quarter. Raymond James & Associates now owns 466,749 shares of the company’s stock worth $24,304,000 after purchasing an additional 65,534 shares during the last quarter. 90.67% of the stock is currently owned by hedge funds and other institutional investors.

GXO Logistics Trading Up 8.8 %

Shares of NYSE GXO opened at $39.49 on Tuesday. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.86 and a quick ratio of 0.86. The stock has a market capitalization of $4.72 billion, a P/E ratio of 43.88, a price-to-earnings-growth ratio of 1.19 and a beta of 1.60. GXO Logistics has a 1-year low of $34.51 and a 1-year high of $63.33. The business has a fifty day moving average price of $44.20 and a 200 day moving average price of $50.69.

GXO Logistics (NYSE:GXO) last released its quarterly earnings results on Wednesday, February 12th. The company reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.94 by $0.06. GXO Logistics had a return on equity of 10.03% and a net margin of 0.97%. Equities research analysts expect that GXO Logistics will post 2.73 EPS for the current fiscal year.

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.