GXO Logistics, Inc. (NYSE:GXO) Sees Large Decline in Short Interest

Key Points

• Short interest fell 19.4%, dropping to 4,410,518 shares as of Feb. 27 (about 3.9% of shares short) with a days-to-cover ratio of 3.6 days.
• Wall Street consensus is a Moderate Buy with a $69.17 average target (10 Buys, 2 Holds, 1 Sell), though firms are mixed—several raised targets to $70 while others downgraded or cut ratings.
• GXO recently beat quarterly estimates, reporting $0.87 EPS vs. $0.83 expected and $3.51B revenue (up 7.9% y/y); the stock trades at a market cap of $6.03B and a P/E of 175.25.

GXO Logistics, Inc. (NYSE:GXO - Get Free Report) saw a large 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. Currently, 3.9% of the company's shares are short sold. Based on an average trading volume of 1,238,769 shares, the days-to-cover ratio is currently 3.6 days. Based on an average trading volume of 1,238,769 shares, the days-to-cover ratio is currently 3.6 days. Currently, 3.9% of the company's shares are short sold.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on GXO shares. Stifel Nicolaus set a $70.00 price objective on shares of GXO Logistics in a research note on Thursday, February 12th. Weiss Ratings lowered shares of GXO Logistics from a "hold (c-)" rating to a "sell (d+)" rating in a report on Monday, March 2nd. Wells Fargo & Company lifted their price target on shares of GXO Logistics from $65.00 to $70.00 and gave the stock an "overweight" rating in a research report on Thursday, February 12th. Truist Financial boosted their price target on shares of GXO Logistics from $65.00 to $70.00 and gave the company a "buy" rating in a report on Thursday, February 12th. Finally, The Goldman Sachs Group cut shares of GXO Logistics from a "buy" rating to a "neutral" rating and set a $68.00 price objective for the company. in a research report on Wednesday, March 4th. Ten equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, GXO Logistics presently has a consensus rating of "Moderate Buy" and a consensus target price of $69.17.

GXO Logistics Price Performance

NYSE GXO opened at $52.58 on Friday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.85 and a current ratio of 0.85. The stock has a market cap of $6.03 billion, a price-to-earnings ratio of 175.25, a PEG ratio of 1.78 and a beta of 1.62. The business has a 50 day simple moving average of $58.87 and a 200 day simple moving average of $54.61. GXO Logistics has a 52-week low of $30.46 and a 52-week high of $66.85.

GXO Logistics (NYSE:GXO - Get Free Report) last released its quarterly earnings results on Tuesday, February 10th. The company reported $0.87 earnings per share 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 company had revenue of $3.51 billion during the quarter, compared to analysts' expectations of $3.48 billion. During the same quarter in the prior year, the company earned $1.00 earnings per share. The business's quarterly revenue was up 7.9% compared to the same quarter last year. Analysts anticipate that GXO Logistics will post 2.49 earnings per share for the current fiscal year.

Hedge Funds Weigh In On GXO Logistics

A number of large investors have recently added to or reduced their stakes in GXO. Orbis Allan Gray Ltd lifted its holdings in shares of GXO Logistics by 0.3% in the fourth quarter. Orbis Allan Gray Ltd now owns 13,424,844 shares of the company's stock valued at $706,684,000 after purchasing an additional 37,035 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in GXO Logistics by 3,222,426.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 11,697,772 shares of the company's stock valued at $593,791,000 after buying an additional 11,697,409 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in GXO Logistics by 6.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,495,476 shares of the company's stock valued at $236,646,000 after acquiring an additional 289,142 shares in the last quarter. Focus Partners Wealth bought a new stake in GXO Logistics in the 4th quarter valued at approximately $181,648,000. Finally, River Road Asset Management LLC boosted its position in GXO Logistics by 5.4% during the 2nd quarter. River Road Asset Management LLC now owns 2,967,046 shares of the company's stock worth $147,492,000 after acquiring an additional 152,561 shares during the last quarter. Institutional investors own 90.67% of the company's stock.

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.

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