QXO, Inc. $QXO Holdings Raised by Cwm LLC

Cwm LLC boosted its stake in QXO, Inc. (NYSE:QXO) by 61.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 75,377 shares of the company’s stock after buying an additional 28,821 shares during the quarter. Cwm LLC’s holdings in QXO were worth $1,454,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Royal Bank of Canada raised its holdings in shares of QXO by 67.5% during the 1st quarter. Royal Bank of Canada now owns 119,688 shares of the company’s stock valued at $1,620,000 after purchasing an additional 48,248 shares in the last quarter. AQR Capital Management LLC bought a new position in shares of QXO during the 1st quarter valued at $615,000. Millennium Management LLC raised its holdings in shares of QXO by 6.6% during the 1st quarter. Millennium Management LLC now owns 322,115 shares of the company’s stock valued at $4,361,000 after purchasing an additional 20,067 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of QXO by 13.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 697,889 shares of the company’s stock valued at $9,449,000 after purchasing an additional 81,758 shares in the last quarter. Finally, American Century Companies Inc. bought a new position in shares of QXO during the 2nd quarter valued at $837,000. Hedge funds and other institutional investors own 58.68% of the company’s stock.

QXO Trading Up 0.0%

QXO stock opened at $20.98 on Monday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.61 and a current ratio of 3.58. The business’s 50-day simple moving average is $21.93 and its 200-day simple moving average is $21.14. The firm has a market capitalization of $14.89 billion, a PE ratio of -35.55, a PEG ratio of 3.28 and a beta of 2.50. QXO, Inc. has a 52 week low of $12.50 and a 52 week high of $27.61.

QXO (NYSE:QXO) last posted its quarterly earnings data on Friday, February 27th. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). QXO had a positive return on equity of 3.45% and a negative net margin of 4.08%.QXO’s revenue for the quarter was up 14725.0% on a year-over-year basis. Equities research analysts forecast that QXO, Inc. will post 0.32 earnings per share for the current year.

Wall Street Analyst Weigh In

QXO has been the topic of a number of recent research reports. Weiss Ratings restated a “sell (d+)” rating on shares of QXO in a report on Monday, December 29th. Royal Bank Of Canada cut their price target on shares of QXO from $30.00 to $28.00 and set an “outperform” rating on the stock in a report on Monday, April 6th. Wall Street Zen downgraded shares of QXO from a “hold” rating to a “sell” rating in a report on Saturday, February 28th. BNP Paribas Exane assumed coverage on shares of QXO in a report on Monday, March 16th. They issued an “outperform” rating and a $30.00 target price on the stock. Finally, KeyCorp lifted their target price on shares of QXO from $30.00 to $32.00 and gave the stock an “overweight” rating in a report on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $32.40.

QXO Company 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.