GXO Logistics, Inc. (NYSE:GXO) Sees Significant Drop in Short Interest

GXO Logistics, Inc. (NYSE:GXO) saw 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. Based on an average daily volume of 2,074,409 shares, the days-to-cover ratio is presently 2.6 days. Approximately 4.9% of the shares of the company are short sold. Approximately 4.9% of the shares of the company are short sold. Based on an average daily volume of 2,074,409 shares, the days-to-cover ratio is presently 2.6 days.

Hedge Funds Weigh In On GXO Logistics

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GXO. Invesco Ltd. raised its holdings in shares of GXO Logistics by 18.8% during the 4th quarter. Invesco Ltd. now owns 420,138 shares of the company’s stock worth $22,116,000 after acquiring an additional 66,633 shares in the last quarter. Corient Private Wealth LLC increased its position in GXO Logistics by 3.0% in the fourth quarter. Corient Private Wealth LLC now owns 13,794 shares of the company’s stock worth $726,000 after purchasing an additional 397 shares during the last quarter. SummitTX Capital L.P. purchased a new position in shares of GXO Logistics in the 4th quarter worth $332,000. Susquehanna Fundamental Investments LLC increased its holdings in shares of GXO Logistics by 18.3% in the 4th quarter. Susquehanna Fundamental Investments LLC now owns 118,982 shares of the company’s stock worth $6,263,000 after buying an additional 18,443 shares during the last quarter. Finally, Moore Capital Management LP purchased a new stake in shares of GXO Logistics during the 4th quarter valued at about $11,842,000. 90.67% of the stock is owned by institutional investors.

GXO Logistics Stock Performance

Shares of GXO stock traded down $1.17 during trading hours on Wednesday, reaching $59.79. The company had a trading volume of 1,982,032 shares, compared to its average volume of 1,369,779. 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 has a one year low of $30.46 and a one year high of $66.85. The firm has a market cap of $6.86 billion, a PE ratio of 199.30, a price-to-earnings-growth ratio of 2.14 and a beta of 1.62. The business has a fifty day moving average price of $58.55 and a 200-day moving average price of $54.48.

GXO Logistics (NYSE:GXO) last released its quarterly earnings results on Tuesday, February 10th. The company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.04. GXO Logistics had a net margin of 0.24% and a return on equity of 9.83%. During the same period in the prior year, the firm earned $1.00 EPS. The firm’s revenue was up 7.9% compared to the same quarter last year. Sell-side analysts predict that GXO Logistics will post 2.49 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on GXO shares. Wells Fargo & Company raised their price objective on shares of GXO Logistics from $65.00 to $70.00 and gave the company an “overweight” rating in a research report on Thursday, February 12th. Susquehanna reiterated a “positive” rating and set a $82.00 target price on shares of GXO Logistics in a report on Thursday, February 12th. JPMorgan Chase & Co. increased their price target on shares of GXO Logistics from $66.00 to $67.00 and gave the stock an “overweight” rating in a research note on Thursday, November 6th. Oppenheimer restated an “outperform” rating and set a $70.00 target price on shares of GXO Logistics in a report on Thursday, February 12th. Finally, Stifel Nicolaus set a $70.00 price target on shares of GXO Logistics in a research report on Thursday, February 12th. Ten research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, GXO Logistics presently 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.