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

GXO Logistics, Inc. (NYSE:GXO) saw some unusual options trading activity on Tuesday. Stock traders purchased 5,040 put options on the company. This represents an increase of 235% compared to the typical daily volume of 1,505 put options.

Analyst Ratings Changes

Several research analysts have recently weighed in on GXO shares. JPMorgan Chase & Co. increased their price objective on shares of GXO Logistics from $61.00 to $63.00 and gave the stock an “overweight” rating in a report on Tuesday, July 9th. Morgan Stanley reiterated an “overweight” rating and set a $70.00 price objective on shares of GXO Logistics in a report on Tuesday, May 14th. TD Cowen increased their price objective on shares of GXO Logistics from $80.00 to $82.00 and gave the stock a “buy” rating in a report on Thursday, May 9th. Loop Capital cut their price objective on shares of GXO Logistics from $76.00 to $74.00 and set a “buy” rating on the stock in a report on Thursday, April 18th. Finally, UBS Group dropped 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. One analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $68.58.

GXO Logistics Stock Down 0.0 %

Shares of NYSE:GXO opened at $47.46 on Thursday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.52. GXO Logistics has a 52-week low of $46.38 and a 52-week high of $65.75. The company has a 50 day moving average of $50.85 and a two-hundred day moving average of $51.64. The company has a market capitalization of $5.67 billion, a price-to-earnings ratio of 34.14, a price-to-earnings-growth ratio of 1.63 and a beta of 1.60.

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

Insider Buying and Selling at GXO Logistics

In other news, CEO Malcolm Wilson bought 10,000 shares of GXO Logistics stock in a transaction on Tuesday, June 11th. The shares were bought at an average cost of $49.95 per share, for a total transaction of $499,500.00. Following the acquisition, the chief executive officer now owns 100,814 shares in the company, valued at $5,035,659.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.20% of the stock is owned by insiders.

Institutional Trading of GXO Logistics

Several large investors have recently bought and sold shares of the company. Smithfield Trust Co grew its position in GXO Logistics by 16.5% in the first quarter. Smithfield Trust Co now owns 1,378 shares of the company’s stock valued at $73,000 after acquiring an additional 195 shares in the last quarter. Mathes Company Inc. grew its position in shares of GXO Logistics by 1.0% during the fourth quarter. Mathes Company Inc. now owns 23,225 shares of the company’s stock worth $1,420,000 after buying an additional 225 shares in the last quarter. Blue Zone Wealth Advisors LLC grew its position in shares of GXO Logistics by 0.5% during the first quarter. Blue Zone Wealth Advisors LLC now owns 46,898 shares of the company’s stock worth $2,521,000 after buying an additional 229 shares in the last quarter. Ipswich Investment Management Co. Inc. grew its position in shares of GXO Logistics by 2.0% during the fourth quarter. Ipswich Investment Management Co. Inc. now owns 12,680 shares of the company’s stock worth $776,000 after buying an additional 250 shares in the last quarter. Finally, Coldstream Capital Management Inc. grew its position in shares of GXO Logistics by 6.1% during the fourth quarter. Coldstream Capital Management Inc. now owns 4,477 shares of the company’s stock worth $274,000 after buying an additional 258 shares in the last quarter. Institutional investors and hedge funds own 90.67% of the company’s stock.

About GXO Logistics

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.