Security National Bank Has $4.12 Million Holdings in GXO Logistics, Inc. $GXO

Key Points

• Security National Bank increased its holdings in GXO Logistics by 57.6% in the second quarter, owning approximately 0.07% of the company valued at $4.12 million at the end of the reporting period.
• GXO Logistics reported a quarterly earnings per share (EPS) of $0.57, beating estimates by $0.01, and its revenue was $3.30 billion, surpassing expectations of $3.09 billion.
• Multiple analysts have raised their target prices for GXO Logistics, with UBS increasing it from $50.00 to $58.00 and JPMorgan now targeting $65.00, indicating a generally positive outlook for the stock.

Security National Bank raised its stake in GXO Logistics, Inc. (NYSE:GXO - Free Report) by 57.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 84,550 shares of the company's stock after acquiring an additional 30,914 shares during the quarter. Security National Bank owned about 0.07% of GXO Logistics worth $4,118,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Larson Financial Group LLC increased its holdings in shares of GXO Logistics by 2,460.7% in the 1st quarter. Larson Financial Group LLC now owns 717 shares of the company's stock worth $28,000 after buying an additional 689 shares during the last quarter. GAMMA Investing LLC raised its position in shares of GXO Logistics by 57.0% during the first quarter. GAMMA Investing LLC now owns 832 shares of the company's stock valued at $33,000 after buying an additional 302 shares during the last quarter. Golden State Wealth Management LLC bought a new stake in GXO Logistics in the first quarter worth $34,000. Northwestern Mutual Wealth Management Co. boosted its stake in shares of GXO Logistics by 72.1% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 945 shares of the company's stock valued at $37,000 after purchasing an additional 396 shares during the period. Finally, Covestor Ltd lifted its stake in GXO Logistics by 63.2% in the first quarter. Covestor Ltd now owns 1,645 shares of the company's stock worth $64,000 after acquiring an additional 637 shares during the period. Institutional investors and hedge funds own 90.67% of the company's stock.

GXO Logistics Stock Performance

Shares of GXO traded up $1.35 during mid-day trading on Tuesday, hitting $51.21. 143,662 shares of the company traded hands, compared to its average volume of 1,375,101. The stock has a market cap of $5.86 billion, a price-to-earnings ratio of 96.69, a P/E/G ratio of 1.99 and a beta of 1.65. GXO Logistics, Inc. has a 1 year low of $30.46 and a 1 year high of $63.33. The stock has a 50-day moving average price of $51.46 and a two-hundred day moving average price of $44.55. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.76 and a current ratio of 0.76.

GXO Logistics (NYSE:GXO - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.56 by $0.01. GXO Logistics had a net margin of 0.50% and a return on equity of 10.45%. The business had revenue of $3.30 billion during the quarter, compared to analysts' expectations of $3.09 billion. During the same period in the previous year, the business posted $0.55 EPS. The business's quarterly revenue was up 15.9% compared to the same quarter last year. Equities analysts anticipate that GXO Logistics, Inc. will post 2.49 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on GXO shares. JPMorgan Chase & Co. lifted their price target on shares of GXO Logistics from $56.00 to $65.00 and gave the company an "overweight" rating in a research note on Thursday, August 7th. Oppenheimer upped their target price on GXO Logistics from $55.00 to $62.00 and gave the company an "outperform" rating in a report on Thursday, August 7th. Susquehanna raised their price objective on GXO Logistics from $58.00 to $60.00 and gave the stock a "positive" rating in a report on Thursday, August 7th. Citigroup lifted their target price on GXO Logistics from $56.00 to $59.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. Finally, Truist Financial raised GXO Logistics from a "hold" rating to a "buy" rating and lifted their target price for the company from $48.00 to $62.00 in a research note on Friday, July 11th. Ten equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $59.50.

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.