GXO Logistics, Inc. (NYSE:GXO) Short Interest Up 33.4% in February

GXO Logistics, Inc. (NYSE:GXO) was the recipient of a significant growth in short interest during the month of 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 trading volume of 1,600,000 shares, the days-to-cover ratio is presently 3.7 days. Approximately 5.1% of the shares of the stock are sold short.

Institutional Trading of GXO Logistics

Several large investors have recently modified their holdings of GXO. DekaBank Deutsche Girozentrale bought a new position in GXO Logistics during the third quarter worth $28,000. State of Alaska Department of Revenue boosted its position in shares of GXO Logistics by 7.3% during the 3rd quarter. State of Alaska Department of Revenue now owns 13,789 shares of the company’s stock worth $717,000 after purchasing an additional 940 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in shares of GXO Logistics by 7.7% in the 3rd quarter. Nisa Investment Advisors LLC now owns 3,064 shares of the company’s stock valued at $160,000 after buying an additional 220 shares during the period. Harbor Capital Advisors Inc. increased its position in GXO Logistics by 108.3% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 47,765 shares of the company’s stock valued at $2,487,000 after buying an additional 24,837 shares in the last quarter. Finally, Asset Management One Co. Ltd. raised its stake in GXO Logistics by 11.4% during the 3rd quarter. Asset Management One Co. Ltd. now owns 148,074 shares of the company’s stock worth $7,710,000 after buying an additional 15,203 shares during the period. Institutional investors and hedge funds own 90.67% of the company’s stock.

GXO Logistics Trading Down 3.2 %

GXO stock traded down $1.21 during midday trading on Tuesday, hitting $36.84. The stock had a trading volume of 456,410 shares, compared to its average volume of 1,115,410. The company has a current ratio of 0.83, a quick ratio of 0.86 and a debt-to-equity ratio of 0.83. The business has a fifty day moving average price of $42.94 and a two-hundred day moving average price of $50.11. GXO Logistics has a 1-year low of $34.51 and a 1-year high of $63.33. The firm has a market cap of $4.40 billion, a P/E ratio of 32.74, a price-to-earnings-growth ratio of 1.34 and a beta of 1.60.

GXO Logistics (NYSE:GXO) last announced its earnings results on Wednesday, February 12th. The company reported $1.00 EPS for the quarter, beating the consensus estimate of $0.94 by $0.06. GXO Logistics had a return on equity of 11.16% and a net margin of 1.14%. On average, sell-side analysts predict that GXO Logistics will post 2.49 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on GXO. Wells Fargo & Company cut their target price on shares of GXO Logistics from $60.00 to $44.00 and set an “overweight” rating on the stock in a research report on Friday, February 14th. Loop Capital downgraded GXO Logistics from a “buy” rating to a “hold” rating and cut their price objective for the company from $71.00 to $49.00 in a report on Monday, February 3rd. UBS Group lowered their target price on GXO Logistics from $72.00 to $50.00 and set a “buy” rating for the company in a report on Friday, February 14th. The Goldman Sachs Group cut their price target on 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, Oppenheimer lowered their price objective on GXO Logistics from $67.00 to $55.00 and set an “outperform” rating for the company in a research note on Tuesday, February 18th. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, GXO Logistics presently has a consensus rating of “Moderate Buy” and a consensus target price of $57.62.

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.