Stock Traders Buy Large Volume of Put Options on GXO Logistics (NYSE:GXO)

GXO Logistics, Inc. (NYSE:GXO) was the recipient of some unusual options trading activity on Thursday. Stock investors acquired 20,046 put options on the company. This represents an increase of approximately 1,067% compared to the average volume of 1,718 put options.

Insider Buying and Selling at GXO Logistics

In other news, CEO Malcolm Wilson acquired 10,000 shares of GXO Logistics stock in a transaction that occurred on Tuesday, June 11th. The shares were acquired at an average price of $49.95 per share, for a total transaction of $499,500.00. Following the transaction, the chief executive officer now directly owns 100,814 shares of the company’s stock, valued at approximately $5,035,659.30. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.20% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Mather Group LLC. boosted its holdings in GXO Logistics by 170.7% in the 2nd 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. Allspring Global Investments Holdings LLC boosted its holdings in shares of GXO Logistics by 920.8% in the second quarter. Allspring Global Investments Holdings LLC now owns 1,276 shares of the company’s stock worth $64,000 after acquiring an additional 1,151 shares during the period. Motco grew its position in shares of GXO Logistics by 2,836.4% in the first quarter. Motco now owns 1,292 shares of the company’s stock valued at $69,000 after purchasing an additional 1,248 shares in the last quarter. Smithfield Trust Co raised its stake in shares of GXO Logistics by 16.5% during the 1st quarter. Smithfield Trust Co now owns 1,378 shares of the company’s stock valued at $73,000 after purchasing an additional 195 shares during the period. Finally, LRI Investments LLC purchased a new stake in GXO Logistics during the 1st quarter worth about $80,000. Institutional investors own 90.67% of the company’s stock.

GXO Logistics Stock Up 1.7 %

GXO opened at $48.47 on Friday. GXO Logistics has a twelve month low of $46.07 and a twelve month high of $63.07. The company’s 50-day moving average price is $50.55 and its two-hundred day moving average price is $50.58. The stock has a market cap of $5.79 billion, a price-to-earnings ratio of 34.87, a PEG ratio of 1.50 and a beta of 1.58. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.87.

GXO Logistics (NYSE:GXO) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.55 EPS 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 during the quarter, compared to analysts’ expectations of $2.73 billion. During the same quarter in the previous year, the company posted $0.70 EPS. GXO Logistics’s revenue for the quarter was up 18.9% on a year-over-year basis. As a group, equities analysts expect that GXO Logistics will post 2.79 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on GXO shares. JPMorgan Chase & Co. increased their price target on GXO Logistics from $61.00 to $63.00 and gave the company an “overweight” rating in a research note on Tuesday, July 9th. UBS Group reduced their target price on GXO Logistics from $71.00 to $66.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. Wells Fargo & Company assumed coverage on shares of GXO Logistics in a report on Friday, June 7th. They set an “overweight” rating and a $58.00 price target for the company. Morgan Stanley reissued an “overweight” rating and issued a $70.00 price objective on shares of GXO Logistics in a research report on Tuesday, May 14th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $74.00 price objective on shares of GXO Logistics in a research note on Wednesday, May 15th. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $67.45.

About GXO Logistics

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.