GXO Logistics, Inc. (NYSE:GXO) Short Interest Down 16.1% in February

GXO Logistics, Inc. (NYSE:GXO) was the target of a large decline in short interest in the month of February. As of February 13th, there was short interest totaling 5,470,338 shares, a decline of 16.1% from the January 29th total of 6,519,127 shares. Approximately 4.9% of the company’s shares are short sold. Based on an average daily volume of 2,074,409 shares, the short-interest ratio is currently 2.6 days. Based on an average daily volume of 2,074,409 shares, the short-interest ratio is currently 2.6 days. Approximately 4.9% of the company’s shares are short sold.

Analyst Upgrades and Downgrades

GXO has been the subject of a number of recent analyst reports. Wells Fargo & Company upped their price target on GXO Logistics from $65.00 to $70.00 and gave the company an “overweight” rating in a research report on Thursday, February 12th. Susquehanna reissued a “positive” rating and set a $82.00 target price on shares of GXO Logistics in a research note on Thursday, February 12th. Truist Financial raised their price target on GXO Logistics from $65.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, February 12th. Oppenheimer reiterated an “outperform” rating and issued a $70.00 price target on shares of GXO Logistics in a report on Thursday, February 12th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of GXO Logistics from $66.00 to $67.00 and gave the company an “overweight” rating in a research report on Thursday, November 6th. Eleven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $69.17.

Institutional Trading of GXO Logistics

Hedge funds have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position 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 purchasing an additional 9,134 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in GXO Logistics by 2.4% in 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 worth $14,741,000 after buying an additional 8,670 shares in 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 buying an additional 1,958 shares during the period. Oppenheimer Asset Management Inc. purchased a new stake in GXO Logistics during the second quarter worth $225,000. Finally, Nisa Investment Advisors LLC boosted its position in GXO Logistics by 24.7% during the 2nd quarter. Nisa Investment Advisors LLC now owns 2,604 shares of the company’s stock valued at $127,000 after acquiring an additional 515 shares in the last quarter. 90.67% of the stock is owned by hedge funds and other institutional investors.

GXO Logistics Stock Performance

GXO Logistics stock opened at $63.28 on Tuesday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.85 and a current ratio of 0.85. The company has a market capitalization of $7.26 billion, a PE ratio of 210.93, a P/E/G ratio of 2.13 and a beta of 1.65. The company has a 50 day moving average price of $58.41 and a 200-day moving average price of $54.42. GXO Logistics has a fifty-two week low of $30.46 and a fifty-two week high of $66.85.

GXO Logistics (NYSE:GXO) last released its quarterly earnings data on Tuesday, February 10th. The company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.83 by $0.04. GXO Logistics had a return on equity of 9.83% and a net margin of 0.24%.During the same quarter in the prior year, the company posted $1.00 EPS. GXO Logistics’s revenue for the quarter was up 7.9% on a year-over-year basis. As a group, equities analysts forecast that GXO Logistics will post 2.49 earnings per share for the current year.

GXO Logistics Company Profile

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.