GXO Logistics Sees Unusually Large Options Volume (NYSE:GXO)

GXO Logistics, Inc. (NYSE:GXO) was the recipient of some unusual options trading activity on Tuesday. Investors bought 20,867 call options on the company. This represents an increase of approximately 665% compared to the typical volume of 2,728 call options.

Analyst Ratings Changes

Several research firms have issued reports on GXO. Truist Financial dropped their target price on GXO Logistics from $70.00 to $55.00 and set a “buy” rating on the stock in a research report on Wednesday, July 15th. Citizens Jmp started coverage on GXO Logistics in a research note on Wednesday, July 15th. They issued a “market perform” rating and a $80.00 price target on the stock. Weiss Ratings raised GXO Logistics from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, October 16th. Morgan Stanley upped their price objective on GXO Logistics from $75.00 to $78.00 and gave the stock an “overweight” rating in a report on Monday, July 6th. Finally, The Goldman Sachs Group upgraded GXO Logistics from a “neutral” rating to a “buy” rating and set a $61.00 price objective for the company in a research report on Wednesday, October 14th. Thirteen research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $63.29.

GXO Logistics Price Performance

GXO stock traded down $0.12 during trading on Tuesday, reaching $52.00. 1,719,025 shares of the company were exchanged, compared to its average volume of 1,332,944. The company has a market cap of $5.96 billion, a P/E ratio of 46.13, a PEG ratio of 1.54 and a beta of 1.57. GXO Logistics has a 52-week low of $43.61 and a 52-week high of $66.85. The stock’s 50 day moving average price is $46.99 and its 200 day moving average price is $51.80. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.79 and a current ratio of 0.79.

GXO Logistics (NYSE:GXO) last issued its earnings results on Tuesday, August 4th. The company reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.01. The company had revenue of $3.44 billion during the quarter, compared to analysts’ expectations of $3.46 billion. GXO Logistics had a net margin of 0.96% and a return on equity of 10.57%. The firm’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same period last year, the company posted $0.57 earnings per share. As a group, analysts predict that GXO Logistics will post 3.05 earnings per share for the current fiscal year.

Institutional Trading of GXO Logistics

Several large investors have recently modified their holdings of the business. Dimensional Fund Advisors LP grew its stake in GXO Logistics by 8.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,866,867 shares of the company’s stock worth $252,318,000 after acquiring an additional 371,391 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of GXO Logistics by 0.3% during the 1st quarter. Bank of New York Mellon Corp now owns 713,775 shares of the company’s stock worth $37,009,000 after purchasing an additional 2,441 shares during the period. Engineers Gate Manager LP lifted its stake in shares of GXO Logistics by 50.1% during the 2nd quarter. Engineers Gate Manager LP now owns 644,807 shares of the company’s stock worth $32,692,000 after purchasing an additional 215,269 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of GXO Logistics by 4.2% during the first quarter. Principal Financial Group Inc. now owns 441,282 shares of the company’s stock worth $22,880,000 after purchasing an additional 17,884 shares during the last quarter. Finally, Rokos Capital Management LLP acquired a new stake in shares of GXO Logistics during the first quarter worth $21,315,000. 90.67% of the stock is currently owned by institutional investors and hedge funds.

GXO Logistics Company Profile

GXO Logistics, Inc (NYSE:GXO) is a contract logistics company that manages supply chain operations for businesses worldwide. Its services include warehousing, distribution, order fulfillment, transportation management, reverse logistics, and other value-added supply chain solutions.

The company supports customers across sectors such as retail, consumer goods, technology, healthcare, and industrial manufacturing. GXO uses warehouse automation, robotics, data analytics, and other technology to help customers improve inventory management, delivery speed, and operational efficiency.

GXO was formed through the spin-off of XPO’s logistics segment and began operating as an independent public company in 2021.