Stock Traders Purchase Large Volume of Put Options on GXO Logistics (NYSE:GXO)

GXO Logistics, Inc. (NYSE:GXO) was the recipient of unusually large options trading on Thursday. Traders purchased 20,035 put options on the stock. This represents an increase of approximately 805% compared to the typical daily volume of 2,213 put options.

GXO Logistics Stock Up 1.1%

GXO Logistics stock opened at $49.92 on Friday. The firm has a market cap of $5.72 billion, a PE ratio of 44.17, a P/E/G ratio of 1.54 and a beta of 1.57. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.79 and a current ratio of 0.79. The firm’s 50 day moving average price is $46.76 and its two-hundred day moving average price is $51.87. GXO Logistics has a twelve month low of $43.61 and a twelve month high of $66.85.

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. GXO Logistics had a net margin of 0.96% and a return on equity of 10.57%. The company had revenue of $3.44 billion during the quarter, compared to analyst estimates of $3.46 billion. During the same quarter last year, the business posted $0.57 EPS. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. GXO Logistics has set its FY 2026 guidance at 2.950-3.150 EPS. On average, research analysts predict that GXO Logistics will post 3.05 EPS for the current fiscal year.

Institutional Investors Weigh In On GXO Logistics

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Renaissance Technologies LLC acquired a new position in GXO Logistics in the first quarter worth approximately $2,919,000. Public Employees Retirement System of Ohio bought a new position in GXO Logistics during the second quarter valued at approximately $1,650,000. Edgestream Partners L.P. lifted its stake in GXO Logistics by 1,344.4% in the first quarter. Edgestream Partners L.P. now owns 108,601 shares of the company’s stock valued at $5,631,000 after acquiring an additional 101,082 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in GXO Logistics by 8.3% in the first quarter. Dimensional Fund Advisors LP now owns 4,866,867 shares of the company’s stock valued at $252,318,000 after acquiring an additional 371,391 shares during the last quarter. Finally, Segall Bryant & Hamill LLC lifted its stake in GXO Logistics by 9.6% in the first quarter. Segall Bryant & Hamill LLC now owns 261,426 shares of the company’s stock valued at $13,555,000 after acquiring an additional 22,940 shares during the last quarter. 90.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on GXO shares. Stifel Nicolaus lowered their price objective on shares of GXO Logistics from $71.00 to $70.00 and set a “buy” rating on the stock in a research report on Wednesday, July 15th. Stephens started coverage on GXO Logistics in a research report on Wednesday, July 8th. They issued an “overweight” rating and a $75.00 target price for the company. Wells Fargo & Company began coverage on GXO Logistics in a report on Tuesday, July 28th. They set an “overweight” rating and a $18.00 price target on the stock. Citigroup began coverage on GXO Logistics in a report on Wednesday, July 15th. They set a “market outperform” rating on the stock. Finally, The Goldman Sachs Group raised GXO Logistics from a “neutral” rating to a “buy” rating and set a $61.00 price target on the stock in a research report on Wednesday, October 14th. Thirteen equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, GXO Logistics has an average rating of “Moderate Buy” and an average price target of $63.29.

About GXO Logistics

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.