GXO Logistics, Inc. (NYSE:GXO) Sees Large Growth in Short Interest

GXO Logistics, Inc. (NYSE:GXO - Get Free Report) was the recipient of a significant increase in short interest in February. As of February 28th, there was short interest totalling 7,150,000 shares, an increase of 20.2% from the February 13th total of 5,950,000 shares. Approximately 6.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,710,000 shares, the short-interest ratio is presently 4.2 days.

Institutional Trading of GXO Logistics

A number of large investors have recently added to or reduced their stakes in GXO. KBC Group NV lifted its stake in GXO Logistics by 18.6% in the third quarter. KBC Group NV now owns 3,665 shares of the company's stock valued at $191,000 after acquiring an additional 576 shares during the last quarter. Natixis Advisors LLC lifted its stake in GXO Logistics by 15.0% in the third quarter. Natixis Advisors LLC now owns 17,591 shares of the company's stock valued at $916,000 after acquiring an additional 2,288 shares during the last quarter. Mount Lucas Management LP lifted its stake in GXO Logistics by 2.4% in the third quarter. Mount Lucas Management LP now owns 7,327 shares of the company's stock valued at $382,000 after acquiring an additional 173 shares during the last quarter. Global Alpha Capital Management Ltd. acquired a new stake in GXO Logistics in the third quarter valued at $32,434,000. Finally, Primecap Management Co. CA lifted its stake in GXO Logistics by 0.9% in the third quarter. Primecap Management Co. CA now owns 229,500 shares of the company's stock valued at $11,950,000 after acquiring an additional 2,100 shares during the last quarter. Institutional investors and hedge funds own 90.67% of the company's stock.

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GXO Logistics Stock Down 0.7 %

GXO traded down $0.31 during trading hours on Friday, hitting $40.39. 1,929,384 shares of the company's stock were exchanged, compared to its average volume of 1,150,589. GXO Logistics has a 1-year low of $34.51 and a 1-year high of $63.33. The stock's 50-day moving average is $41.70 and its two-hundred day moving average is $49.12. The stock has a market cap of $4.83 billion, a price-to-earnings ratio of 36.06, a PEG ratio of 1.34 and a beta of 1.62. The company has a quick ratio of 0.86, a current ratio of 0.83 and a debt-to-equity ratio of 0.83.

GXO Logistics (NYSE:GXO - Get Free Report) last announced its earnings results on Wednesday, February 12th. The company reported $1.00 EPS for the quarter, topping the consensus estimate of $0.94 by $0.06. GXO Logistics had a net margin of 1.14% and a return on equity of 11.16%. Sell-side analysts predict that GXO Logistics will post 2.49 earnings per share for the current fiscal year.

Analysts Set New Price Targets

GXO has been the topic of a number of recent analyst reports. The Goldman Sachs Group reduced their price target on shares of GXO Logistics from $63.00 to $54.00 and set a "neutral" rating on the stock in a research report on Thursday, January 16th. Stifel Nicolaus reiterated a "buy" rating and set a $66.00 target price (down from $74.00) on shares of GXO Logistics in a research report on Friday, February 14th. UBS Group reduced their target price on shares of GXO Logistics from $72.00 to $50.00 and set a "buy" rating on the stock in a research report on Friday, February 14th. Truist Financial initiated coverage on shares of GXO Logistics in a research report on Thursday, March 13th. They set a "hold" rating and a $40.00 target price on the stock. Finally, Barclays dropped their price target on shares of GXO Logistics from $52.00 to $45.00 and set an "equal weight" rating for the company in a research note on Thursday, February 13th. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $55.60.

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.