Security National Bank Sells 20,558 Shares of GXO Logistics, Inc. (NYSE:GXO)

Security National Bank trimmed its stake in shares of GXO Logistics, Inc. (NYSE:GXO - Free Report) by 27.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor 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.

A number of other institutional investors also recently added to or reduced their stakes in GXO. Truist Financial Corp boosted its holdings in GXO Logistics by 4.0% during the fourth quarter. Truist Financial Corp now owns 17,581 shares of the company's stock valued at $765,000 after purchasing an additional 675 shares in the last quarter. Illinois Municipal Retirement Fund boosted its holdings in shares of GXO Logistics by 152.9% in the 4th quarter. Illinois Municipal Retirement Fund now owns 53,648 shares of the company's stock worth $2,334,000 after acquiring an additional 32,433 shares in the last quarter. Oppenheimer & Co. Inc. boosted its holdings in shares of GXO Logistics by 11.1% in the 4th quarter. Oppenheimer & Co. Inc. now owns 78,922 shares of the company's stock worth $3,433,000 after acquiring an additional 7,889 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in shares of GXO Logistics in the 4th quarter worth approximately $1,255,000. Finally, Versor Investments LP acquired a new position in shares of GXO Logistics in the 4th quarter worth approximately $692,000. 90.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on GXO. Deutsche Bank Aktiengesellschaft began coverage on GXO Logistics in a report on Friday, March 7th. They issued a "hold" rating and a $45.00 target price on the stock. Susquehanna reissued a "positive" rating and issued a $58.00 target price (up from $57.00) on shares of GXO Logistics in a report on Tuesday. Wells Fargo & Company boosted their target price on GXO Logistics from $44.00 to $48.00 and gave the stock an "overweight" rating in a report on Friday, June 20th. Citigroup reduced their target price on GXO Logistics from $51.00 to $45.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Finally, Stifel Nicolaus boosted their target price on GXO Logistics from $63.00 to $67.00 and gave the stock a "buy" rating in a report on Monday. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $53.86.

GXO Logistics Trading Up 1.9%

NYSE:GXO traded up $0.92 during trading hours on Friday, hitting $49.01. 2,333,588 shares of the stock were exchanged, compared to its average volume of 1,334,712. The company's 50 day moving average is $41.00 and its two-hundred day moving average is $41.06. GXO Logistics, Inc. has a twelve month low of $30.46 and a twelve 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 company has a market capitalization of $5.61 billion, a P/E ratio of 79.05, a price-to-earnings-growth ratio of 2.23 and a beta of 1.59.

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

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.