GXO Logistics Target of Unusually High Options Trading (NYSE:GXO)

GXO Logistics, Inc. (NYSE:GXO) was the recipient of some unusual options trading activity on Wednesday. Investors acquired 6,419 put options on the stock. This represents an increase of approximately 555% compared to the average volume of 980 put options.

Insider Buying and Selling at GXO Logistics

In related news, Director Todd C. Cooper acquired 6,000 shares of the business’s stock in a transaction dated Friday, November 28th. The shares were bought at an average price of $50.59 per share, with a total value of $303,540.00. Following the transaction, the director directly owned 10,040 shares of the company’s stock, valued at $507,923.60. This trade represents a 148.51% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.30% of the company’s stock.

Hedge Funds Weigh In On GXO Logistics

Institutional investors have recently modified their holdings of the business. Allworth Financial LP lifted its holdings in GXO Logistics by 175.0% during the third quarter. Allworth Financial LP now owns 517 shares of the company’s stock worth $27,000 after acquiring an additional 329 shares during the period. Accredited Wealth Management LLC increased its position in shares of GXO Logistics by 1,100.0% during the 3rd quarter. Accredited Wealth Management LLC now owns 600 shares of the company’s stock valued at $32,000 after purchasing an additional 550 shares during the last quarter. Chapman Financial Group LLC bought a new stake in shares of GXO Logistics during the 2nd quarter worth $34,000. Farther Finance Advisors LLC boosted its holdings in shares of GXO Logistics by 177.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 767 shares of the company’s stock worth $41,000 after buying an additional 491 shares during the last quarter. Finally, Hantz Financial Services Inc. grew its position in shares of GXO Logistics by 1,964.4% during the 2nd quarter. Hantz Financial Services Inc. now owns 929 shares of the company’s stock valued at $45,000 after acquiring an additional 884 shares during the period. 90.67% of the stock is owned by institutional investors.

GXO Logistics Stock Performance

NYSE GXO opened at $52.08 on Friday. The company has a fifty day moving average price of $52.33 and a 200-day moving average price of $49.97. The firm has a market cap of $5.96 billion, a price-to-earnings ratio of 68.52, a PEG ratio of 2.16 and a beta of 1.65. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.71 and a quick ratio of 0.71. GXO Logistics has a 1 year low of $30.46 and a 1 year high of $57.99.

GXO Logistics (NYSE:GXO) last released its quarterly earnings results on Tuesday, November 4th. The company reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.01. The company had revenue of $3.40 billion for the quarter, compared to analyst estimates of $3.39 billion. GXO Logistics had a net margin of 0.69% and a return on equity of 10.45%. The firm’s revenue was up 7.5% on a year-over-year basis. During the same period last year, the firm earned $0.79 earnings per share. GXO Logistics has set its FY 2025 guidance at 2.430-2.630 EPS. As a group, equities research analysts predict that GXO Logistics will post 2.49 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on GXO. UBS Group increased their price target on GXO Logistics from $58.00 to $63.00 and gave the stock a “buy” rating in a report on Friday, October 3rd. JPMorgan Chase & Co. lifted their price target on shares of GXO Logistics from $66.00 to $67.00 and gave the company an “overweight” rating in a research report on Thursday, November 6th. Oppenheimer boosted their price target on shares of GXO Logistics from $55.00 to $62.00 and gave the company an “outperform” rating in a research note on Thursday, August 7th. Weiss Ratings lowered shares of GXO Logistics from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday. Finally, The Goldman Sachs Group upgraded shares of GXO Logistics from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $52.00 to $68.00 in a report on Wednesday, September 24th. Eleven equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $61.77.

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.