GXO Logistics, Inc. (NYSE:GXO) Short Interest Up 17.6% in July

GXO Logistics, Inc. (NYSE:GXOGet 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 %

NYSE:GXO opened at $51.66 on Friday. The firm’s 50-day moving average price is $46.66 and its 200-day moving average price is $62.32. The company has a market capitalization of $5.93 billion and a PE ratio of 27.77. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.96 and a quick ratio of 0.96. GXO Logistics has a 1-year low of $38.08 and a 1-year high of $105.92.

GXO Logistics (NYSE:GXOGet 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

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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.

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