GXO Logistics, Inc. (NYSE:GXO) Short Interest Up 10.4% in January

GXO Logistics, Inc. (NYSE:GXO) was the target of a significant growth in short interest during the month of January. As of January 31st, there was short interest totalling 4,460,000 shares, a growth of 10.4% from the January 15th total of 4,040,000 shares. Based on an average daily trading volume, of 1,320,000 shares, the days-to-cover ratio is currently 3.4 days. Currently, 3.8% of the shares of the company are sold short.

Analyst Ratings Changes

A number of research firms have issued reports on GXO. Stifel Nicolaus reissued a “buy” rating and issued a $66.00 target price (down from $74.00) on shares of GXO Logistics in a research report on Friday. Loop Capital lowered GXO Logistics from a “buy” rating to a “hold” rating and cut their price target for the stock from $71.00 to $49.00 in a report on Monday, February 3rd. Morgan Stanley cut their price target on GXO Logistics from $63.00 to $57.00 and set an “overweight” rating for the company in a report on Friday. The Goldman Sachs Group cut their price target on GXO Logistics from $63.00 to $54.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Finally, Oppenheimer raised their price target on GXO Logistics from $63.00 to $67.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $58.54.

GXO Logistics Price Performance

NYSE:GXO opened at $39.49 on Friday. The firm has a market capitalization of $4.72 billion, a price-to-earnings ratio of 43.88, a P/E/G ratio of 1.19 and a beta of 1.60. GXO Logistics has a 52-week low of $34.51 and a 52-week high of $63.33. The stock has a fifty day moving average of $44.40 and a 200 day moving average of $50.83. 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 released its quarterly earnings results on Wednesday, February 12th. The company reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.94 by $0.06. GXO Logistics had a return on equity of 10.03% and a net margin of 0.97%. On average, research analysts expect that GXO Logistics will post 2.73 EPS for the current fiscal year.

Institutional Investors Weigh In On GXO Logistics

A number of large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in GXO Logistics by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 11,332,805 shares of the company’s stock valued at $492,977,000 after purchasing an additional 212,254 shares in the last quarter. Clearbridge Investments LLC raised its position in GXO Logistics by 3.8% during the fourth quarter. Clearbridge Investments LLC now owns 4,228,144 shares of the company’s stock valued at $183,924,000 after purchasing an additional 153,522 shares in the last quarter. State Street Corp raised its position in GXO Logistics by 1.9% during the third quarter. State Street Corp now owns 3,631,328 shares of the company’s stock valued at $189,083,000 after purchasing an additional 66,232 shares in the last quarter. Dimensional Fund Advisors LP raised its position in GXO Logistics by 1.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,798,170 shares of the company’s stock valued at $121,718,000 after purchasing an additional 50,682 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC increased its holdings in shares of GXO Logistics by 28,112.6% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 2,621,515 shares of the company’s stock worth $114,036,000 after buying an additional 2,612,223 shares during the period. Hedge funds and other 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.