Security National Bank Purchases 513 Shares of GXO Logistics, Inc. (NYSE:GXO)

Security National Bank increased its stake in GXO Logistics, Inc. (NYSE:GXO) by 0.7% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 73,790 shares of the company’s stock after buying an additional 513 shares during the period. Security National Bank owned 0.06% of GXO Logistics worth $3,842,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Centaurus Financial Inc. bought a new position in shares of GXO Logistics during the 2nd quarter valued at $669,000. Coronation Fund Managers Ltd. purchased a new position in GXO Logistics during the second quarter worth $3,524,000. Creative Planning grew its holdings in GXO Logistics by 34.6% during the 2nd quarter. Creative Planning now owns 12,700 shares of the company’s stock valued at $641,000 after purchasing an additional 3,262 shares during the last quarter. Algert Global LLC grew its position in GXO Logistics by 47.3% in the 2nd quarter. Algert Global LLC now owns 37,441 shares of the company’s stock valued at $1,891,000 after acquiring an additional 12,021 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC increased its stake in GXO Logistics by 537.4% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 137,732 shares of the company’s stock worth $6,955,000 after buying an additional 116,125 shares during the period. 90.67% of the stock is currently owned by institutional investors.

GXO Logistics Stock Performance

GXO Logistics stock opened at $49.16 on Tuesday. The stock’s 50-day moving average is $50.01 and its 200-day moving average is $50.58. The company has a market cap of $5.87 billion, a price-to-earnings ratio of 35.37, a price-to-earnings-growth ratio of 1.55 and a beta of 1.59. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.86 and a quick ratio of 0.86. GXO Logistics, Inc. has a 12 month low of $46.07 and a 12 month high of $63.07.

GXO Logistics (NYSE:GXO) last released its earnings results on Tuesday, August 6th. The company reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.02). The business had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $2.73 billion. GXO Logistics had a net margin of 1.35% and a return on equity of 9.86%. The firm’s revenue for the quarter was up 18.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.70 EPS. Equities analysts anticipate that GXO Logistics, Inc. will post 2.79 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. JPMorgan Chase & Co. boosted their target price on GXO Logistics from $61.00 to $63.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 9th. UBS Group dropped their target price on GXO Logistics from $71.00 to $66.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. Finally, Susquehanna decreased their price target on GXO Logistics from $75.00 to $73.00 and set a “positive” rating for the company in a report on Thursday, September 26th. One research analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $67.27.

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.