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

GXO Logistics, Inc. (NYSE:GXO) saw a significant drop in short interest in the month of February. As of February 27th, there was short interest totaling 4,410,518 shares, a drop of 19.4% from the February 12th total of 5,470,338 shares. Currently, 3.9% of the company’s stock are short sold. Based on an average daily volume of 1,238,769 shares, the days-to-cover ratio is presently 3.6 days. Based on an average daily volume of 1,238,769 shares, the days-to-cover ratio is presently 3.6 days. Currently, 3.9% of the company’s stock are short sold.

Institutional Trading of GXO Logistics

Several institutional investors and hedge funds have recently made changes to their positions in GXO. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of GXO Logistics by 29.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 39,867 shares of the company’s stock worth $1,568,000 after buying an additional 9,134 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of GXO Logistics by 2.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 377,211 shares of the company’s stock valued at $14,741,000 after acquiring an additional 8,670 shares during the last quarter. Geneos Wealth Management Inc. lifted its holdings in GXO Logistics by 4,775.6% during the first quarter. Geneos Wealth Management Inc. now owns 1,999 shares of the company’s stock worth $78,000 after acquiring an additional 1,958 shares during the period. Envestnet Asset Management Inc. lifted its holdings in GXO Logistics by 6.5% during the second quarter. Envestnet Asset Management Inc. now owns 63,797 shares of the company’s stock worth $3,107,000 after acquiring an additional 3,914 shares during the period. Finally, Boston Partners purchased a new position in GXO Logistics in the second quarter worth $3,758,000. Hedge funds and other institutional investors own 90.67% of the company’s stock.

GXO Logistics Stock Up 1.5%

GXO traded up $0.81 during midday trading on Tuesday, reaching $53.74. 782,412 shares of the company were exchanged, compared to its average volume of 1,258,891. The company has a market cap of $6.16 billion, a price-to-earnings ratio of 179.13, a price-to-earnings-growth ratio of 1.79 and a beta of 1.62. GXO Logistics has a one year low of $30.46 and a one year high of $66.85. The company’s fifty day moving average price is $58.79 and its 200 day moving average price is $54.62. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.85 and a current ratio of 0.85.

GXO Logistics (NYSE:GXO) last announced its earnings results on Tuesday, February 10th. The company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.04. The company had revenue of $3.51 billion for the quarter, compared to analysts’ expectations of $3.48 billion. GXO Logistics had a return on equity of 9.83% and a net margin of 0.24%.GXO Logistics’s quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.00 earnings per share. As a group, analysts expect that GXO Logistics will post 2.49 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on GXO shares. Weiss Ratings lowered GXO Logistics from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, March 2nd. Oppenheimer reiterated an “outperform” rating and set a $70.00 target price on shares of GXO Logistics in a report on Thursday, February 12th. The Goldman Sachs Group lowered GXO Logistics from a “buy” rating to a “neutral” rating and set a $68.00 price target on the stock. in a report on Wednesday, March 4th. Citigroup upped their price objective on GXO Logistics from $66.00 to $68.00 and gave the stock a “buy” rating in a research report on Wednesday, February 11th. Finally, Wells Fargo & Company increased their price objective on GXO Logistics from $65.00 to $70.00 and gave the stock an “overweight” rating in a report on Thursday, February 12th. Ten research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, GXO Logistics currently has an average rating of “Moderate Buy” and a consensus target price of $69.17.

About GXO Logistics

GXO Logistics (NYSE: GXO) is a global contract logistics provider specializing in warehousing, distribution, and value-added supply chain services. Established in August 2021 as a spin-off from XPO Logistics, the company has built its reputation on integrating advanced technology and automation into traditional logistics operations. GXO’s core offerings include e-commerce fulfillment, inventory management, returns processing, and reverse logistics, supported by a network of fulfillment centers and distribution hubs designed to optimize order accuracy and delivery speed.

The company serves customers across a diverse array of industries, including retail, technology, consumer goods, automotive, industrial, and healthcare.