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

GXO Logistics, Inc. (NYSE:GXO) was the recipient of a significant growth in short interest in April. As of April 15th, there was short interest totalling 2,980,000 shares, a growth of 24.7% from the March 31st total of 2,390,000 shares. Based on an average daily volume of 903,400 shares, the days-to-cover ratio is currently 3.3 days. Approximately 2.5% of the company’s shares are sold short.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. TD Cowen raised their price objective on GXO Logistics from $78.00 to $80.00 and gave the stock a “buy” rating in a research report on Thursday, April 25th. Citigroup dropped their price target on shares of GXO Logistics from $66.00 to $64.00 and set a “buy” rating on the stock in a research report on Thursday, February 15th. BNP Paribas raised shares of GXO Logistics from an “underperform” rating to a “neutral” rating and set a $50.00 price objective on the stock in a research note on Wednesday, March 27th. JPMorgan Chase & Co. lowered their target price on shares of GXO Logistics from $67.00 to $65.00 and set an “overweight” rating for the company in a research note on Tuesday, April 9th. Finally, Stifel Nicolaus upped their price target on shares of GXO Logistics from $69.00 to $75.00 and gave the company a “buy” rating in a research report on Wednesday, January 10th. One analyst has rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, GXO Logistics has a consensus rating of “Moderate Buy” and an average price target of $69.69.

GXO Logistics Stock Down 2.6 %

Shares of GXO stock traded down $1.30 on Tuesday, reaching $49.66. 736,178 shares of the company were exchanged, compared to its average volume of 869,140. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.98 and a quick ratio of 0.98. The company has a 50-day moving average of $50.80 and a 200-day moving average of $54.45. The company has a market cap of $5.93 billion, a price-to-earnings ratio of 26.00, a PEG ratio of 2.12 and a beta of 1.64. GXO Logistics has a one year low of $48.11 and a one year high of $67.57.

GXO Logistics (NYSE:GXO) last announced its quarterly earnings results on Tuesday, February 13th. The company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.01. GXO Logistics had a return on equity of 10.94% and a net margin of 2.34%. The business had revenue of $2.59 billion for the quarter, compared to analyst estimates of $2.55 billion. During the same quarter in the prior year, the company earned $0.83 earnings per share. The company’s quarterly revenue was up 5.0% on a year-over-year basis. Analysts anticipate that GXO Logistics will post 2.78 earnings per share for the current year.

Insider Activity

In other GXO Logistics news, Director Gena L. Ashe sold 4,737 shares of the company’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $50.00, for a total value of $236,850.00. Following the completion of the transaction, the director now directly owns 20,851 shares in the company, valued at approximately $1,042,550. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 2.00% of the company’s stock.

Institutional Trading of GXO Logistics

Hedge funds and other institutional investors have recently bought and sold shares of the business. Ballentine Partners LLC purchased a new stake in shares of GXO Logistics in the third quarter worth approximately $332,000. Commonwealth Equity Services LLC raised its position in GXO Logistics by 1.4% in the 3rd quarter. Commonwealth Equity Services LLC now owns 14,856 shares of the company’s stock valued at $871,000 after buying an additional 212 shares during the last quarter. Silvant Capital Management LLC bought a new position in GXO Logistics during the 3rd quarter valued at $2,131,000. Independent Advisor Alliance boosted its holdings in GXO Logistics by 9.1% during the 3rd quarter. Independent Advisor Alliance now owns 22,505 shares of the company’s stock worth $1,320,000 after acquiring an additional 1,880 shares during the last quarter. Finally, Advisor Resource Council grew its stake in shares of GXO Logistics by 18.7% in the 3rd quarter. Advisor Resource Council now owns 4,155 shares of the company’s stock worth $244,000 after acquiring an additional 654 shares in the last quarter. Institutional investors own 90.67% of the company’s stock.

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.