Northern Trust Corp lifted its stake in shares of QXO, Inc. (NASDAQ:QXO – Free Report) by 46.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 731,610 shares of the company’s stock after purchasing an additional 233,538 shares during the period. Northern Trust Corp owned 0.18% of QXO worth $11,633,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. SG Americas Securities LLC boosted its holdings in shares of QXO by 45.8% during the 4th quarter. SG Americas Securities LLC now owns 9,544 shares of the company’s stock worth $152,000 after purchasing an additional 3,000 shares during the last quarter. Invesco Ltd. acquired a new position in shares of QXO during the 4th quarter worth approximately $164,000. Entropy Technologies LP purchased a new stake in shares of QXO during the 4th quarter valued at approximately $169,000. Wealth Effects LLC purchased a new stake in shares of QXO during the 4th quarter valued at approximately $191,000. Finally, Provident Wealth Management LLC purchased a new stake in shares of QXO during the 4th quarter valued at approximately $198,000. 58.68% of the stock is currently owned by institutional investors and hedge funds.
QXO Stock Performance
QXO stock opened at $16.83 on Friday. The firm has a market cap of $7.52 billion, a PE ratio of -1.85, a PEG ratio of 4.09 and a beta of 2.27. The firm’s 50 day moving average price is $13.66 and its 200-day moving average price is $14.46. QXO, Inc. has a one year low of $10.61 and a one year high of $290.00.
QXO Profile
QXO, Inc operates as a business application, technology, and consulting company in North America. The company provides solutions for accounting and business management, financial reporting, enterprise resource planning, human capital management, warehouse management systems, customer relationship management, and business intelligence.
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