Investors Purchase High Volume of GXO Logistics Call Options (NYSE:GXO)

GXO Logistics, Inc. (NYSE:GXO - Get Free Report) saw some unusual options trading on Wednesday. Stock investors bought 10,006 call options on the company. This represents an increase of 264% compared to the typical volume of 2,749 call options.

Analysts Set New Price Targets

GXO has been the subject of a number of recent research reports. Citigroup assumed coverage on GXO Logistics in a research note on Wednesday, October 9th. They set a "buy" rating and a $60.00 price objective for the company. JPMorgan Chase & Co. increased their price objective on shares of GXO Logistics from $61.00 to $63.00 and gave the stock an "overweight" rating in a report on Tuesday, July 9th. Susquehanna reduced their target price on shares of GXO Logistics from $75.00 to $73.00 and set a "positive" rating for the company in a research note on Thursday, September 26th. Finally, UBS Group decreased their target price on shares of GXO Logistics from $71.00 to $66.00 and set a "buy" rating for the company in a research report on Wednesday, August 7th. One research analyst has rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $66.91.

Hedge Funds Weigh In On GXO Logistics

Hedge funds have recently made changes to their positions in the business. DekaBank Deutsche Girozentrale acquired a new stake in shares of GXO Logistics during the third quarter worth $28,000. UMB Bank n.a. increased its stake in GXO Logistics by 111.4% in the 3rd quarter. UMB Bank n.a. now owns 628 shares of the company's stock worth $33,000 after purchasing an additional 331 shares in the last quarter. Signaturefd LLC raised its holdings in GXO Logistics by 37.2% during the 3rd quarter. Signaturefd LLC now owns 918 shares of the company's stock worth $48,000 after buying an additional 249 shares during the period. Whittier Trust Co. of Nevada Inc. lifted its stake in GXO Logistics by 37.6% during the third 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. Finally, Mather Group LLC. boosted its holdings in shares of GXO Logistics by 170.7% in the second quarter. Mather Group LLC. now owns 1,110 shares of the company's stock worth $60,000 after buying an additional 700 shares during the period. Institutional investors and hedge funds own 90.67% of the company's stock.

GXO Logistics Price Performance

Shares of GXO Logistics stock traded up $1.50 on Wednesday, hitting $61.92. The company had a trading volume of 1,414,082 shares, compared to its average volume of 919,039. GXO Logistics has a 52 week low of $46.07 and a 52 week high of $63.33. The company has a market cap of $7.40 billion, a PE ratio of 51.13, a PEG ratio of 1.81 and a beta of 1.59. The business has a 50-day simple moving average of $53.29 and a 200-day simple moving average of $51.50. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.86 and a quick ratio of 0.86.

GXO Logistics (NYSE:GXO - Get Free Report) last announced its earnings results on Tuesday, August 6th. The company reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.02). GXO Logistics had a net margin of 1.35% and a return on equity of 9.86%. The firm had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $2.73 billion. During the same period in the prior year, the business earned $0.70 EPS. The company's quarterly revenue was up 18.9% compared to the same quarter last year. Research analysts expect that GXO Logistics will post 2.78 EPS 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.