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

GXO Logistics, Inc. (NYSE:GXO) saw a significant decrease in short interest in the month of November. As of November 30th, there was short interest totalling 2,360,000 shares, a decrease of 12.3% from the November 15th total of 2,690,000 shares. Based on an average daily volume of 1,280,000 shares, the days-to-cover ratio is currently 1.8 days. Approximately 2.0% of the company’s stock are short sold.

GXO Logistics Stock Performance

GXO traded down $0.35 during trading on Friday, hitting $48.51. 1,043,830 shares of the company traded hands, compared to its average volume of 959,200. GXO Logistics has a one year low of $46.07 and a one year high of $63.33. The stock’s fifty day moving average is $58.08 and its 200 day moving average is $53.00. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.81. The firm has a market cap of $5.80 billion, a P/E ratio of 53.90, a price-to-earnings-growth ratio of 1.49 and a beta of 1.52.

GXO Logistics (NYSE:GXO) last released its earnings results 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 net margin of 0.97% and a return on equity of 10.03%. The firm had revenue of $3.16 billion for the quarter, compared to analysts’ expectations of $3.01 billion. During the same period in the previous year, the company earned $0.69 earnings per share. The company’s quarterly revenue was up 27.8% on a year-over-year basis. As a group, equities analysts predict that GXO Logistics will post 2.76 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have weighed in on GXO shares. Barclays dropped their price objective on shares of GXO Logistics from $60.00 to $52.00 and set an “equal weight” rating on the stock in a research note on Wednesday, December 4th. Susquehanna dropped their target price on GXO Logistics from $75.00 to $73.00 and set a “positive” rating on the stock in a report on Thursday, September 26th. Citigroup initiated coverage on GXO Logistics in a report on Wednesday, October 9th. They set a “buy” rating and a $60.00 price target for the company. Oppenheimer lifted their price objective on shares of GXO Logistics from $63.00 to $67.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. Finally, TD Cowen increased their target price on shares of GXO Logistics from $82.00 to $83.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $66.33.

Institutional Trading of GXO Logistics

A number of large investors have recently bought and sold shares of GXO. DekaBank Deutsche Girozentrale bought a new position in GXO Logistics during the third quarter worth about $28,000. UMB Bank n.a. raised its position in shares of GXO Logistics by 111.4% in the third quarter. UMB Bank n.a. now owns 628 shares of the company’s stock valued at $33,000 after purchasing an additional 331 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. Hara Capital LLC bought a new position in GXO Logistics in the 3rd quarter worth approximately $50,000. Finally, Whittier Trust Co. of Nevada Inc. grew its stake in GXO Logistics by 37.6% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,032 shares of the company’s stock valued at $54,000 after buying an additional 282 shares in the last quarter. 90.67% of the stock is owned by hedge funds and other institutional investors.

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.