Investors Buy Large Volume of GXO Logistics Put Options (NYSE:GXO)

GXO Logistics, Inc. (NYSE:GXO) was the recipient of unusually large options trading activity on Tuesday. Investors acquired 5,040 put options on the stock. This is an increase of approximately 235% compared to the typical volume of 1,505 put options.

Insider Transactions at GXO Logistics

In other GXO Logistics news, CEO Malcolm Wilson purchased 10,000 shares of the stock in a transaction dated Tuesday, June 11th. The stock was purchased at an average price of $49.95 per share, with a total value of $499,500.00. Following the transaction, the chief executive officer now owns 100,814 shares of the company’s stock, valued at $5,035,659.30. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.20% of the company’s stock.

Institutional Trading of GXO Logistics

Hedge funds and other institutional investors have recently made changes to their positions in the business. Headlands Technologies LLC acquired a new stake in shares of GXO Logistics in the fourth quarter worth $59,000. Mather Group LLC. grew its position in GXO Logistics by 170.7% during the second quarter. Mather Group LLC. now owns 1,110 shares of the company’s stock valued at $60,000 after buying an additional 700 shares during the period. Allspring Global Investments Holdings LLC grew its position in GXO Logistics by 920.8% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,276 shares of the company’s stock valued at $64,000 after buying an additional 1,151 shares during the period. Motco grew its position in GXO Logistics by 2,836.4% during the first quarter. Motco now owns 1,292 shares of the company’s stock valued at $69,000 after buying an additional 1,248 shares during the period. Finally, Smithfield Trust Co grew its position in GXO Logistics by 16.5% during the first quarter. Smithfield Trust Co now owns 1,378 shares of the company’s stock valued at $73,000 after buying an additional 195 shares during the period. Institutional investors and hedge funds own 90.67% of the company’s stock.

GXO Logistics Stock Down 0.0 %

NYSE:GXO opened at $47.46 on Thursday. The firm has a market capitalization of $5.67 billion, a P/E ratio of 34.14, a PEG ratio of 1.63 and a beta of 1.60. GXO Logistics has a 1-year low of $46.38 and a 1-year high of $65.75. The company’s fifty day moving average price is $50.85 and its 200-day moving average price is $51.64. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.94 and a quick ratio of 0.94.

GXO Logistics (NYSE:GXO) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.02). The business had revenue of $2.85 billion during the quarter, compared to analyst estimates of $2.73 billion. GXO Logistics had a return on equity of 10.60% and a net margin of 1.68%. The firm’s revenue was up 18.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.70 EPS. As a group, equities research analysts anticipate that GXO Logistics will post 2.78 EPS for the current year.

Analyst Ratings Changes

GXO has been the subject of a number of analyst reports. UBS Group decreased their target price on shares of GXO Logistics from $71.00 to $66.00 and set a “buy” rating for the company in a research report on Wednesday. Loop Capital decreased their target price on shares of GXO Logistics from $76.00 to $74.00 and set a “buy” rating for the company in a research report on Thursday, April 18th. Wells Fargo & Company initiated coverage on shares of GXO Logistics in a research report on Friday, June 7th. They set an “overweight” rating and a $58.00 target price for the company. TD Cowen increased their target price on shares of GXO Logistics from $80.00 to $82.00 and gave the company a “buy” rating in a research report on Thursday, May 9th. Finally, JPMorgan Chase & Co. increased their target price on shares of GXO Logistics from $61.00 to $63.00 and gave the company an “overweight” rating in a research report on Tuesday, July 9th. One investment analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $68.58.

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.