Baillie Gifford & Co. Buys Shares of 90,859 QXO, Inc. $QXO

Baillie Gifford & Co. purchased a new stake in QXO, Inc. (NYSE:QXO) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 90,859 shares of the company’s stock, valued at approximately $1,732,000.

Other large investors have also modified their holdings of the company. Select Asset Management & Trust acquired a new position in shares of QXO during the 3rd quarter worth approximately $191,000. Teacher Retirement System of Texas increased its position in QXO by 10.0% during the third quarter. Teacher Retirement System of Texas now owns 85,196 shares of the company’s stock worth $1,624,000 after buying an additional 7,714 shares in the last quarter. Hudson Value Partners LLC raised its holdings in shares of QXO by 32.5% in the third quarter. Hudson Value Partners LLC now owns 100,092 shares of the company’s stock worth $1,908,000 after acquiring an additional 24,532 shares during the last quarter. Carmel Capital Partners LLC acquired a new position in shares of QXO in the third quarter worth $884,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH lifted its position in shares of QXO by 240.9% in the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 87,521 shares of the company’s stock valued at $1,668,000 after acquiring an additional 61,846 shares in the last quarter. 58.68% of the stock is currently owned by institutional investors and hedge funds.

QXO Trading Down 0.9%

QXO stock opened at $23.90 on Monday. The company has a quick ratio of 2.24, a current ratio of 3.06 and a debt-to-equity ratio of 0.37. The company has a market cap of $16.12 billion, a price-to-earnings ratio of -54.31, a PEG ratio of 2.94 and a beta of 2.44. The business has a fifty day simple moving average of $21.17 and a 200-day simple moving average of $20.32. QXO, Inc. has a 52 week low of $11.85 and a 52 week high of $26.24.

QXO (NYSE:QXO) last posted its quarterly earnings results on Thursday, November 6th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. The firm had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.78 billion. QXO had a positive return on equity of 3.70% and a negative net margin of 3.81%.The business’s revenue for the quarter was up 20726.7% on a year-over-year basis. On average, equities research analysts expect that QXO, Inc. will post -0.13 EPS for the current year.

Wall Street Analyst Weigh In

QXO has been the subject of a number of recent research reports. Loop Capital started coverage on QXO in a research report on Thursday, December 11th. They set a “buy” rating and a $31.00 price objective for the company. William Blair reiterated an “outperform” rating on shares of QXO in a report on Wednesday, December 31st. Citigroup cut their price objective on shares of QXO from $33.00 to $31.00 and set a “buy” rating for the company in a research report on Thursday, January 8th. Royal Bank Of Canada set a $30.00 price objective on shares of QXO in a research note on Friday, January 9th. Finally, Benchmark reaffirmed a “buy” rating on shares of QXO in a research note on Friday, January 16th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $32.43.

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. It also offers value-added services that focuses on consulting and professional, specialized programming, training, and technical support services. In addition, the company provides information technology managed services, such as cybersecurity, application hosting, disaster recovery, business continuity, cloud, and other services; and data back-up, network maintenance, and upgrade services.