Security National Bank Has $2.10 Million Stake in GXO Logistics, Inc. (NYSE:GXO)

Security National Bank lowered its position in GXO Logistics, Inc. (NYSE:GXO - Free Report) by 27.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 53,636 shares of the company's stock after selling 20,558 shares during the quarter. Security National Bank's holdings in GXO Logistics were worth $2,096,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. GAMMA Investing LLC increased its stake in shares of GXO Logistics by 57.0% in the first quarter. GAMMA Investing LLC now owns 832 shares of the company's stock valued at $33,000 after purchasing an additional 302 shares during the period. Golden State Wealth Management LLC acquired a new stake in shares of GXO Logistics in the first quarter valued at approximately $34,000. Murphy & Mullick Capital Management Corp acquired a new stake in shares of GXO Logistics in the fourth quarter valued at approximately $41,000. Summit Securities Group LLC increased its stake in shares of GXO Logistics by 870.9% in the fourth quarter. Summit Securities Group LLC now owns 1,000 shares of the company's stock valued at $44,000 after purchasing an additional 897 shares during the period. Finally, Quarry LP boosted its holdings in shares of GXO Logistics by 1,334.9% in the fourth quarter. Quarry LP now owns 1,234 shares of the company's stock valued at $54,000 after acquiring an additional 1,148 shares in the last quarter. Institutional investors and hedge funds own 90.67% of the company's stock.

GXO Logistics Price Performance

NYSE:GXO traded up $0.92 during trading hours on Friday, reaching $49.01. 2,333,588 shares of the company's stock were exchanged, compared to its average volume of 1,334,076. The company has a market capitalization of $5.61 billion, a P/E ratio of 79.05, a price-to-earnings-growth ratio of 2.28 and a beta of 1.59. GXO Logistics, Inc. has a 12 month low of $30.46 and a 12 month high of $63.33. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.88. The business's 50-day simple moving average is $41.00 and its two-hundred day simple moving average is $40.94.

GXO Logistics (NYSE:GXO - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported $0.29 earnings per share for the quarter, topping analysts' consensus estimates of $0.26 by $0.03. GXO Logistics had a net margin of 0.61% and a return on equity of 10.49%. The firm had revenue of $2.98 billion during the quarter, compared to analysts' expectations of $2.94 billion. During the same period last year, the firm posted $0.45 earnings per share. The firm's revenue for the quarter was up 21.2% compared to the same quarter last year. Sell-side analysts expect that GXO Logistics, Inc. will post 2.49 EPS for the current fiscal year.

Wall Street Analyst Weigh In

GXO has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of GXO Logistics in a report on Friday, March 7th. They issued a "hold" rating and a $45.00 price objective for the company. Wells Fargo & Company increased their price objective on shares of GXO Logistics from $44.00 to $48.00 and gave the company an "overweight" rating in a report on Friday, June 20th. Susquehanna reiterated a "positive" rating and issued a $58.00 price objective (up from $57.00) on shares of GXO Logistics in a report on Tuesday, June 24th. Citigroup decreased their price objective on shares of GXO Logistics from $51.00 to $45.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Finally, Truist Financial decreased their price objective on shares of GXO Logistics from $40.00 to $35.00 and set a "hold" rating for the company in a report on Thursday, April 24th. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $53.86.

GXO Logistics 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.