Short Interest in GXO Logistics, Inc. (NYSE:GXO) Increases By 33.4%

GXO Logistics, Inc. (NYSE:GXO - Get Free Report) was the recipient of a significant growth in short interest in February. As of February 15th, there was short interest totalling 5,950,000 shares, a growth of 33.4% from the January 31st total of 4,460,000 shares. Based on an average daily volume of 1,600,000 shares, the short-interest ratio is currently 3.7 days. Currently, 5.1% of the company's shares are sold short.

Analyst Upgrades and Downgrades

A number of analysts recently commented on GXO shares. Barclays lowered their price objective on shares of GXO Logistics from $52.00 to $45.00 and set an "equal weight" rating for the company in a research report on Thursday, February 13th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of GXO Logistics in a report on Friday. They set a "hold" rating and a $45.00 target price for the company. Morgan Stanley lowered their price target on GXO Logistics from $63.00 to $57.00 and set an "overweight" rating on the stock in a research report on Friday, February 14th. The Goldman Sachs Group lowered their price objective 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, January 16th. Finally, Loop Capital cut GXO Logistics from a "buy" rating to a "hold" rating and dropped their price target for the company from $71.00 to $49.00 in a research note on Monday, February 3rd. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat, GXO Logistics currently has an average rating of "Moderate Buy" and an average target price of $56.71.

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Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in GXO Logistics by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 11,332,805 shares of the company's stock valued at $492,977,000 after buying an additional 212,254 shares during the last quarter. Clearbridge Investments LLC grew its holdings in GXO Logistics by 3.8% in the fourth quarter. Clearbridge Investments LLC now owns 4,228,144 shares of the company's stock worth $183,924,000 after purchasing an additional 153,522 shares during the period. State Street Corp increased its position in GXO Logistics by 1.9% in the 3rd quarter. State Street Corp now owns 3,631,328 shares of the company's stock valued at $189,083,000 after buying an additional 66,232 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of GXO Logistics by 1.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,798,170 shares of the company's stock worth $121,718,000 after purchasing an additional 50,682 shares during the period. Finally, Kovitz Investment Group Partners LLC lifted its stake in shares of GXO Logistics by 28,112.6% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 2,621,515 shares of the company's stock valued at $114,036,000 after buying an additional 2,612,223 shares in the last quarter. Institutional investors own 90.67% of the company's stock.

GXO Logistics Price Performance

GXO Logistics stock traded down $0.27 during mid-day trading on Friday, reaching $38.12. 1,314,446 shares of the company were exchanged, compared to its average volume of 1,111,856. The company has a fifty day simple moving average of $42.67 and a 200-day simple moving average of $49.87. The firm has a market cap of $4.56 billion, a PE ratio of 34.03, a PEG ratio of 1.34 and a beta of 1.62. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.83 and a quick ratio of 0.86. GXO Logistics has a 12 month low of $34.51 and a 12 month high of $63.33.

GXO Logistics (NYSE:GXO - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $1.00 earnings per share (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%. As a group, equities research analysts expect that GXO Logistics will post 2.49 earnings per share for the current fiscal 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.