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

GXO Logistics, Inc. (NYSE:GXO - Get Free Report) was the target of a significant increase in short interest in the month of December. As of December 15th, there was short interest totalling 3,240,000 shares, an increase of 37.3% from the November 30th total of 2,360,000 shares. Based on an average trading volume of 1,460,000 shares, the days-to-cover ratio is currently 2.2 days. Currently, 2.8% of the shares of the stock are sold short.

Institutional Trading of GXO Logistics

Several hedge funds have recently added to or reduced their stakes in GXO. Stifel Financial Corp raised its holdings in GXO Logistics by 95.8% during the 3rd quarter. Stifel Financial Corp now owns 76,045 shares of the company's stock worth $3,960,000 after buying an additional 37,197 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of GXO Logistics by 2.5% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 502,273 shares of the company's stock worth $26,153,000 after acquiring an additional 12,208 shares in the last quarter. Tidal Investments LLC acquired a new stake in shares of GXO Logistics during the third quarter worth $667,000. Barclays PLC lifted its position in GXO Logistics by 28.9% in the 3rd quarter. Barclays PLC now owns 62,545 shares of the company's stock valued at $3,256,000 after acquiring an additional 14,020 shares in the last quarter. Finally, Raymond James & Associates boosted its stake in GXO Logistics by 16.3% in the 3rd quarter. Raymond James & Associates now owns 466,749 shares of the company's stock worth $24,304,000 after purchasing an additional 65,534 shares during the period. Institutional investors and hedge funds own 90.67% of the company's stock.

GXO Logistics Trading Up 0.8 %

Shares of GXO Logistics stock traded up $0.34 during trading on Monday, reaching $43.14. 1,492,613 shares of the company were exchanged, compared to its average volume of 1,002,504. GXO Logistics has a twelve month low of $41.38 and a twelve month high of $63.33. The business has a 50-day moving average price of $55.16 and a 200-day moving average price of $52.57. 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 capitalization of $5.15 billion, a price-to-earnings ratio of 47.93, a P/E/G ratio of 1.49 and a beta of 1.52.

GXO Logistics (NYSE:GXO - Get Free Report) last announced its quarterly earnings results on Monday, November 4th. The company reported $0.79 EPS for the quarter, beating analysts' consensus estimates of $0.78 by $0.01. The company had revenue of $3.16 billion during the quarter, compared to analysts' expectations of $3.01 billion. GXO Logistics had a return on equity of 10.03% and a net margin of 0.97%. GXO Logistics's revenue was up 27.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.69 EPS. Sell-side analysts anticipate that GXO Logistics will post 2.76 EPS for the current fiscal year.

Analysts Set New Price Targets

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

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.

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