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

GXO Logistics, Inc. (NYSE:GXO) saw a large increase in short interest in the month of December. As of December 31st, there was short interest totalling 3,640,000 shares, an increase of 12.3% from the December 15th total of 3,240,000 shares. Based on an average daily volume of 1,560,000 shares, the days-to-cover ratio is presently 2.3 days. Approximately 3.1% of the shares of the company are short sold.

Wall Street Analyst Weigh In

A number of research firms have weighed in on GXO. TD Cowen lifted their target price on GXO Logistics from $82.00 to $83.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Citigroup started coverage on shares of GXO Logistics in a research note on Wednesday, October 9th. They set a “buy” rating and a $60.00 price objective for the company. UBS Group upped their price target on shares of GXO Logistics from $66.00 to $72.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Oppenheimer raised their price target on GXO Logistics from $63.00 to $67.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th. Finally, The Goldman Sachs Group lowered their target price on shares of GXO Logistics from $63.00 to $54.00 and set a “neutral” rating on the stock in a research note on Thursday. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, GXO Logistics currently has an average rating of “Moderate Buy” and an average target price of $65.38.

Institutional Investors Weigh In On GXO Logistics

Large investors have recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC lifted its holdings in GXO Logistics by 14.6% in the 4th quarter. Janney Montgomery Scott LLC now owns 15,167 shares of the company’s stock worth $660,000 after buying an additional 1,933 shares during the period. Arkadios Wealth Advisors lifted its stake in GXO Logistics by 16.3% in the fourth quarter. Arkadios Wealth Advisors now owns 6,498 shares of the company’s stock worth $283,000 after acquiring an additional 909 shares during the period. Avanza Fonder AB purchased a new stake in shares of GXO Logistics in the 4th quarter worth about $117,000. Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of GXO Logistics by 213.5% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,370 shares of the company’s stock valued at $60,000 after purchasing an additional 933 shares in the last quarter. Finally, FNY Investment Advisers LLC purchased a new position in shares of GXO Logistics during the fourth quarter valued at about $182,000. Institutional investors own 90.67% of the company’s stock.

GXO Logistics Trading Down 0.9 %

Shares of GXO stock opened at $43.98 on Monday. 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 business has a 50-day moving average of $50.21 and a 200 day moving average of $52.07. The stock has a market capitalization of $5.25 billion, a PE ratio of 48.86, a P/E/G ratio of 1.10 and a beta of 1.60. GXO Logistics has a 1-year low of $41.38 and a 1-year high of $63.33.

GXO Logistics (NYSE:GXO) last released its quarterly earnings data on Monday, November 4th. The company reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.01. GXO Logistics had a return on equity of 10.03% and a net margin of 0.97%. The firm had revenue of $3.16 billion during the quarter, compared to analyst estimates of $3.01 billion. During the same quarter in the prior year, the firm posted $0.69 earnings per share. The business’s quarterly revenue was up 27.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that GXO Logistics will post 2.74 earnings per share for the current 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.