GXO Logistics, Inc. (NYSE:GXO) Short Interest Up 10.4% in January

GXO Logistics, Inc. (NYSE:GXO - Get Free Report) saw a significant increase in short interest in January. As of January 31st, there was short interest totalling 4,460,000 shares, an increase of 10.4% from the January 15th total of 4,040,000 shares. Approximately 3.8% of the company's shares are short sold. Based on an average daily volume of 1,320,000 shares, the days-to-cover ratio is presently 3.4 days.

Wall Street Analyst Weigh In

Several brokerages have weighed in on GXO. The Goldman Sachs Group lowered their target price on GXO Logistics from $63.00 to $54.00 and set a "neutral" rating for the company in a 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 report on Friday, February 14th. Oppenheimer cut their target price on shares of GXO Logistics from $67.00 to $55.00 and set an "outperform" rating on the stock in a research report on Tuesday. Loop Capital cut shares of GXO Logistics from a "buy" rating to a "hold" rating and lowered their price target for the stock from $71.00 to $49.00 in a research report on Monday, February 3rd. Finally, Wells Fargo & Company cut their price objective on shares of GXO Logistics from $60.00 to $44.00 and set an "overweight" rating on the stock in a report on Friday, February 14th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $57.62.

GXO Logistics Stock Down 1.6 %

Shares of GXO Logistics stock traded down $0.67 during trading on Wednesday, reaching $40.51. The company's stock had a trading volume of 2,326,308 shares, compared to its average volume of 1,586,168. The company has a 50-day simple moving average of $43.85 and a two-hundred day simple moving average of $50.54. GXO Logistics has a 1-year low of $34.51 and a 1-year high of $63.33. The company has a market cap of $4.84 billion, a price-to-earnings ratio of 36.17, a P/E/G ratio of 1.30 and a beta of 1.60. 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 issued its quarterly earnings results on Wednesday, February 12th. The company reported $1.00 earnings per share for the quarter, topping analysts' consensus estimates of $0.94 by $0.06. GXO Logistics had a return on equity of 11.16% and a net margin of 1.14%. As a group, equities analysts forecast that GXO Logistics will post 2.52 earnings per share for the current year.

Institutional Investors Weigh In On GXO Logistics

Several institutional investors and hedge funds have recently made changes to their positions in the stock. DekaBank Deutsche Girozentrale purchased a new position in GXO Logistics in the 3rd quarter worth $28,000. Murphy & Mullick Capital Management Corp acquired a new position in shares of GXO Logistics in the fourth quarter valued at about $41,000. Summit Securities Group LLC raised its stake in shares of GXO Logistics by 870.9% in the fourth quarter. Summit Securities Group LLC now owns 1,000 shares of the company's stock worth $44,000 after purchasing an additional 897 shares during the last quarter. Signaturefd LLC lifted its holdings in shares of GXO Logistics by 37.2% during the third quarter. Signaturefd LLC now owns 918 shares of the company's stock worth $48,000 after purchasing an additional 249 shares during the period. Finally, Hara Capital LLC purchased a new stake in GXO Logistics in the third quarter valued at approximately $50,000. 90.67% of the stock is currently owned by institutional investors and hedge funds.

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.