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

Security National Bank lowered its stake in GXO Logistics, Inc. (NYSE:GXO) by 27.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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 SEC filing.

Other hedge funds also recently made changes to their positions in the company. Golden State Wealth Management LLC bought a new position in GXO Logistics in the 1st quarter valued at approximately $34,000. Wealthquest Corp acquired a new position in shares of GXO Logistics during the first quarter worth $5,597,000. Kirr Marbach & Co. LLC IN lifted its stake in shares of GXO Logistics by 2.5% in the 1st quarter. Kirr Marbach & Co. LLC IN now owns 159,577 shares of the company’s stock valued at $6,236,000 after acquiring an additional 3,857 shares during the last quarter. Oppenheimer & Co. Inc. lifted its stake in shares of GXO Logistics by 8.6% in the 1st quarter. Oppenheimer & Co. Inc. now owns 85,741 shares of the company’s stock valued at $3,351,000 after acquiring an additional 6,819 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. boosted its holdings in shares of GXO Logistics by 2.3% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 38,679 shares of the company’s stock valued at $1,512,000 after acquiring an additional 886 shares in the last quarter. 90.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on GXO shares. Citigroup lowered their target price on GXO Logistics from $51.00 to $45.00 and set a “buy” rating for the company in a report on Tuesday, April 8th. Deutsche Bank Aktiengesellschaft started 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. Stifel Nicolaus boosted their target price on shares of GXO Logistics from $63.00 to $67.00 and gave the stock a “buy” rating in a report on Monday. Truist Financial dropped their price target on shares of GXO Logistics from $40.00 to $35.00 and set a “hold” rating for the company in a research note on Thursday, April 24th. Finally, Susquehanna lifted their price target on shares of GXO Logistics from $57.00 to $58.00 and gave the stock a “positive” rating in a report on Tuesday. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $53.86.

GXO Logistics Price Performance

GXO stock opened at $47.89 on Thursday. 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 firm has a market cap of $5.48 billion, a price-to-earnings ratio of 77.24, a PEG ratio of 2.24 and a beta of 1.59. The company’s fifty day simple moving average is $40.41 and its 200 day simple moving average is $41.07. GXO Logistics, Inc. has a 12-month low of $30.46 and a 12-month high of $63.33.

GXO Logistics (NYSE:GXO) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.03. GXO Logistics had a return on equity of 10.49% and a net margin of 0.61%. The company had revenue of $2.98 billion for the quarter, compared to the consensus estimate of $2.94 billion. During the same period in the previous year, the business earned $0.45 EPS. The firm’s revenue was up 21.2% compared to the same quarter last year. On average, analysts expect that GXO Logistics, Inc. will post 2.49 earnings per share for the current 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.