GXO Logistics, Inc. (NYSE:GXO – Get Rating) was the recipient of a large increase in short interest during the month of July. As of July 15th, there was short interest totalling 3,340,000 shares, an increase of 17.6% from the June 30th total of 2,840,000 shares. Currently, 3.2% of the company’s shares are sold short. Based on an average trading volume of 1,130,000 shares, the days-to-cover ratio is currently 3.0 days.
Institutional Trading of GXO Logistics
Hedge funds and other institutional investors have recently modified their holdings of the business. Point72 Hong Kong Ltd purchased a new stake in shares of GXO Logistics in the 4th quarter worth about $37,000. Prospera Financial Services Inc bought a new position in GXO Logistics in the 1st quarter worth about $31,000. Geneos Wealth Management Inc. bought a new position in GXO Logistics in the 1st quarter worth about $39,000. Ellevest Inc. boosted its stake in GXO Logistics by 337.7% in the 2nd quarter. Ellevest Inc. now owns 696 shares of the company’s stock worth $30,000 after purchasing an additional 537 shares in the last quarter. Finally, Capital Analysts LLC boosted its stake in GXO Logistics by 126.2% in the 4th quarter. Capital Analysts LLC now owns 726 shares of the company’s stock worth $66,000 after purchasing an additional 405 shares in the last quarter. 91.32% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
GXO has been the subject of a number of recent research reports. Oppenheimer lowered their price objective on shares of GXO Logistics from $108.00 to $91.00 in a report on Monday, May 9th. Morgan Stanley decreased their target price on shares of GXO Logistics from $73.00 to $67.00 and set an “equal weight” rating on the stock in a research note on Thursday. Susquehanna Bancshares lifted their target price on shares of GXO Logistics from $61.00 to $65.00 in a research note on Thursday. Citigroup decreased their target price on shares of GXO Logistics from $110.00 to $90.00 and set a “buy” rating on the stock in a research note on Wednesday, April 20th. Finally, Credit Suisse Group lifted their target price on shares of GXO Logistics from $62.00 to $63.00 and gave the stock an “outperform” rating in a research note on Thursday. Four equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $83.12.
GXO Logistics Stock Down 0.9 %
GXO Logistics (NYSE:GXO – Get Rating) last released its earnings results on Wednesday, May 4th. The company reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.05. The firm had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $2.06 billion. GXO Logistics had a net margin of 2.55% and a return on equity of 12.50%. The company’s revenue was up 14.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.37 EPS. On average, equities analysts predict that GXO Logistics will post 2.69 EPS for the current fiscal year.
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, and other supply chain services, as well as reverse logistics or returns management services. As of December 31, 2021, it operated in approximately 906 facilities.
- Get a free copy of the StockNews.com research report on GXO Logistics (GXO)
- 3 Hotel Stocks to Consider Checking into After Earnings
- How Does Freeport McMoran Inc Compare to Its Sector Competitors?
- Can FuelCell Energy Surge Higher This Year?
- Is It Time to Take a Ride on Cedar Fair Stock?
- These Are The Top Insider Buying Stocks For July
Want More Great Investing Ideas?
- Bear Market Game Plan!
- The 10 Best Stocks to Own in 2022
- 7 Stocks to Buy and Hold Forever
- 3 Stocks to DOUBLE This Year
Receive News & Ratings for GXO Logistics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GXO Logistics and related companies with MarketBeat.com's FREE daily email newsletter.