Short Interest in GXO Logistics, Inc. (NYSE:GXO) Expands By 12.3%

GXO Logistics, Inc. (NYSE:GXO) saw a significant increase in short interest in the month of January. As of January 15th, there was short interest totalling 3,640,000 shares, an increase of 12.3% from the December 31st total of 3,240,000 shares. Currently, 3.1% of the company’s shares are short sold. Based on an average daily volume of 1,560,000 shares, the short-interest ratio is presently 2.3 days.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on GXO shares. Loop Capital lowered shares of GXO Logistics from a “buy” rating to a “hold” rating and dropped their target price for the company from $71.00 to $49.00 in a report on Monday. Barclays dropped their price objective on shares of GXO Logistics from $60.00 to $52.00 and set an “equal weight” rating on the stock in a report on Wednesday, December 4th. Citigroup began coverage on shares of GXO Logistics in a report on Wednesday, October 9th. They set a “buy” rating and a $60.00 price objective on the stock. Oppenheimer upped their price objective on shares of GXO Logistics from $63.00 to $67.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th. Finally, The Goldman Sachs Group dropped their price objective on shares of GXO Logistics from $63.00 to $54.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $63.46.

GXO Logistics Stock Performance

Shares of GXO stock traded down $1.26 during trading hours on Monday, reaching $44.19. The company had a trading volume of 1,110,173 shares, compared to its average volume of 1,128,518. The business has a fifty day moving average price of $47.02 and a 200-day moving average price of $51.58. GXO Logistics has a one year low of $41.38 and a one year high of $63.33. The firm has a market cap of $5.28 billion, a PE ratio of 49.10, a price-to-earnings-growth ratio of 1.24 and a beta of 1.60. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.86 and a current ratio of 0.86.

GXO Logistics (NYSE:GXO) last issued its quarterly earnings results on Monday, November 4th. The company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.01. GXO Logistics had a net margin of 0.97% and a return on equity of 10.03%. The business had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $3.01 billion. During the same quarter in the previous year, the firm earned $0.69 earnings per share. The company’s revenue for the quarter was up 27.8% on a year-over-year basis. Sell-side analysts predict that GXO Logistics will post 2.73 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Millennium Management LLC lifted its position in shares of GXO Logistics by 105.5% during the second quarter. Millennium Management LLC now owns 487,200 shares of the company’s stock valued at $24,604,000 after buying an additional 250,113 shares during the last quarter. Creative Planning increased its stake in GXO Logistics by 34.6% during the second quarter. Creative Planning now owns 12,700 shares of the company’s stock worth $641,000 after purchasing an additional 3,262 shares during the period. Centaurus Financial Inc. purchased a new stake in shares of GXO Logistics during the second quarter worth approximately $669,000. Security National Bank increased its stake in GXO Logistics by 0.7% in the third quarter. Security National Bank now owns 73,790 shares of the company’s stock valued at $3,842,000 after purchasing an additional 513 shares during the last quarter. Finally, Blue Zone Wealth Advisors LLC lifted its holdings in shares of GXO Logistics by 2.2% during the third quarter. Blue Zone Wealth Advisors LLC now owns 47,942 shares of the company’s stock worth $2,496,000 after purchasing an additional 1,031 shares during the period. Institutional investors own 90.67% of the company’s stock.

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.