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

GXO Logistics, Inc. (NYSE:GXOGet Free Report) was the recipient of a large decline in short interest in November. As of November 30th, there was short interest totalling 2,360,000 shares, a decline of 12.3% from the November 15th total of 2,690,000 shares. Currently, 2.0% of the shares of the stock are short sold. Based on an average daily volume of 1,280,000 shares, the short-interest ratio is currently 1.8 days.

Institutional Trading of GXO Logistics

A number of institutional investors have recently modified their holdings of the company. Eminence Capital LP purchased a new position in GXO Logistics during the 2nd quarter valued at about $79,698,000. Spruce House Investment Management LLC increased its stake in shares of GXO Logistics by 827.8% during the second quarter. Spruce House Investment Management LLC now owns 900,000 shares of the company’s stock valued at $45,450,000 after buying an additional 803,000 shares during the period. American Century Companies Inc. increased its stake in shares of GXO Logistics by 25.2% during the second quarter. American Century Companies Inc. now owns 3,221,818 shares of the company’s stock valued at $162,702,000 after buying an additional 648,547 shares during the period. Global Alpha Capital Management Ltd. bought a new position in shares of GXO Logistics during the third quarter valued at approximately $32,434,000. Finally, Fort Pitt Capital Group LLC lifted its stake in GXO Logistics by 30.4% in the second quarter. Fort Pitt Capital Group LLC now owns 2,416,606 shares of the company’s stock worth $122,039,000 after acquiring an additional 563,057 shares during the period. 90.67% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Barclays lowered their price objective on GXO Logistics from $60.00 to $52.00 and set an “equal weight” rating on the stock in a research report on Wednesday, December 4th. Oppenheimer boosted their price objective on GXO Logistics from $63.00 to $67.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. TD Cowen raised their target price on shares of GXO Logistics from $82.00 to $83.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Citigroup started coverage on shares of GXO Logistics in a research note on Wednesday, October 9th. They issued a “buy” rating and a $60.00 price target for the company. Finally, Susquehanna lowered their price objective on shares of GXO Logistics from $75.00 to $73.00 and set a “positive” rating on the stock in a research report on Thursday, September 26th. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, GXO Logistics has a consensus rating of “Moderate Buy” and an average target price of $66.33.

View Our Latest Stock Report on GXO Logistics

GXO Logistics Trading Down 1.2 %

GXO stock traded down $0.59 during trading on Tuesday, hitting $46.94. 1,949,751 shares of the company traded hands, compared to its average volume of 965,078. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.86 and a current ratio of 0.86. The company has a 50-day moving average of $58.05 and a 200-day moving average of $53.02. The firm has a market capitalization of $5.61 billion, a PE ratio of 52.82, a P/E/G ratio of 1.49 and a beta of 1.52. GXO Logistics has a 1 year low of $46.07 and a 1 year high of $63.33.

GXO Logistics (NYSE:GXOGet Free Report) last issued its earnings results on Monday, November 4th. The company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.78 by $0.01. The company had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $3.01 billion. GXO Logistics had a net margin of 0.97% and a return on equity of 10.03%. The firm’s revenue for the quarter was up 27.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.69 earnings per share. Analysts predict that GXO Logistics will post 2.76 earnings per share for the current fiscal year.

GXO Logistics Company Profile

(Get Free Report)

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.

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