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

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

Institutional Trading of GXO Logistics

A number of hedge funds have recently made changes to their positions in GXO. Northwestern Mutual Wealth Management Co. increased its holdings in shares of GXO Logistics by 3,222,426.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 11,697,772 shares of the company’s stock worth $593,791,000 after acquiring an additional 11,697,409 shares during the last quarter. Focus Partners Wealth bought a new stake in GXO Logistics in the 4th quarter valued at $181,648,000. Victory Capital Management Inc. lifted its holdings in GXO Logistics by 1,168.3% during the 4th quarter. Victory Capital Management Inc. now owns 1,191,218 shares of the company’s stock valued at $62,706,000 after purchasing an additional 1,097,298 shares during the last quarter. Norges Bank bought a new position in GXO Logistics during the fourth quarter worth $57,598,000. Finally, Milford Funds Ltd. bought a new position in GXO Logistics during the fourth quarter worth $43,250,000. 90.67% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on GXO shares. Morgan Stanley restated an “overweight” rating and issued a $75.00 price objective on shares of GXO Logistics in a report on Tuesday, February 17th. Weiss Ratings lowered GXO Logistics from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, March 2nd. UBS Group raised their price target on GXO Logistics from $63.00 to $74.00 and gave the company a “buy” rating in a research note on Thursday, February 12th. Wells Fargo & Company boosted their price target on GXO Logistics from $65.00 to $70.00 and gave the stock an “overweight” rating in a research report on Thursday, February 12th. Finally, Citigroup upped their price objective on GXO Logistics from $66.00 to $68.00 and gave the stock a “buy” rating in a research note on Wednesday, February 11th. Ten analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $69.17.

GXO Logistics Stock Up 0.2%

GXO Logistics stock opened at $52.58 on Friday. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.85 and a quick ratio of 0.85. The company’s 50-day moving average is $58.87 and its 200-day moving average is $54.61. The firm has a market capitalization of $6.03 billion, a PE ratio of 175.25, a P/E/G ratio of 1.78 and a beta of 1.62. 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 issued 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. GXO Logistics had a net margin of 0.24% and a return on equity of 9.83%. The business had revenue of $3.51 billion during the quarter, compared to the consensus estimate of $3.48 billion. During the same period last year, the business posted $1.00 EPS. GXO Logistics’s revenue was up 7.9% on a year-over-year basis. Sell-side analysts anticipate 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.