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

GXO Logistics, Inc. (NYSE:GXO) was the recipient of a large growth in short interest in 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. Approximately 3.8% of the company’s stock are short sold. Based on an average daily volume of 1,320,000 shares, the days-to-cover ratio is currently 3.4 days.

GXO Logistics Price Performance

Shares of GXO opened at $39.49 on Friday. 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 market capitalization of $4.72 billion, a price-to-earnings ratio of 43.88, a price-to-earnings-growth ratio of 1.19 and a beta of 1.60. GXO Logistics has a fifty-two week low of $34.51 and a fifty-two week high of $63.33. The firm has a 50-day simple moving average of $44.40 and a 200-day simple moving average of $50.83.

GXO Logistics (NYSE:GXO) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.94 by $0.06. GXO Logistics had a net margin of 0.97% and a return on equity of 10.03%. On average, equities research analysts anticipate that GXO Logistics will post 2.73 earnings per share for the current year.

Wall Street Analyst Weigh In

GXO has been the subject of a number of research reports. Barclays lowered their price target on GXO Logistics from $52.00 to $45.00 and set an “equal weight” rating for the company in a research report on Thursday. Stifel Nicolaus reiterated a “buy” rating and set a $66.00 price objective (down from $74.00) on shares of GXO Logistics in a research note on Friday. The Goldman Sachs Group decreased their price objective on GXO Logistics from $63.00 to $54.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Loop Capital cut GXO Logistics from a “buy” rating to a “hold” rating and decreased their price target for the stock from $71.00 to $49.00 in a research note on Monday, February 3rd. Finally, TD Cowen upped their price objective on GXO Logistics from $82.00 to $83.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $58.54.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. DekaBank Deutsche Girozentrale purchased a new position in GXO Logistics in the third quarter valued at about $28,000. Murphy & Mullick Capital Management Corp purchased a new position in shares of GXO Logistics during the 4th quarter worth approximately $41,000. Summit Securities Group LLC increased its stake in shares of GXO Logistics by 870.9% during the 4th quarter. Summit Securities Group LLC now owns 1,000 shares of the company’s stock worth $44,000 after purchasing an additional 897 shares in the last quarter. Signaturefd LLC increased its stake in shares of GXO Logistics by 37.2% during the 3rd quarter. Signaturefd LLC now owns 918 shares of the company’s stock worth $48,000 after purchasing an additional 249 shares in the last quarter. Finally, Hara Capital LLC purchased a new position in shares of GXO Logistics during the 3rd quarter worth approximately $50,000. 90.67% of the stock is owned by hedge funds and other institutional investors.

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.