Anfield Capital Management LLC Buys New Shares in QXO, Inc. $QXO

Anfield Capital Management LLC purchased a new position in shares of QXO, Inc. (NYSE:QXO) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 119,677 shares of the company’s stock, valued at approximately $2,281,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. boosted its position in QXO by 17.2% during the third quarter. Vanguard Group Inc. now owns 55,323,743 shares of the company’s stock valued at $1,054,471,000 after purchasing an additional 8,131,331 shares during the last quarter. Affinity Partners GP LP increased its position in shares of QXO by 99.1% during the 2nd quarter. Affinity Partners GP LP now owns 32,671,542 shares of the company’s stock worth $703,745,000 after purchasing an additional 16,260,163 shares during the last quarter. Alpha Wave Global LP bought a new stake in shares of QXO during the 2nd quarter worth approximately $525,366,000. Schf GPE LLC lifted its position in shares of QXO by 204.3% in the second quarter. Schf GPE LLC now owns 13,319,457 shares of the company’s stock valued at $286,901,000 after buying an additional 8,943,089 shares during the last quarter. Finally, Hood River Capital Management LLC acquired a new stake in shares of QXO during the 2nd quarter worth about $178,836,000. Institutional investors and hedge funds own 58.68% of the company’s stock.

Analysts Set New Price Targets

QXO has been the topic of several recent research reports. Royal Bank Of Canada set a $30.00 price objective on QXO in a research report on Friday, January 9th. Citigroup lowered their price objective on QXO from $33.00 to $31.00 and set a “buy” rating on the stock in a research note on Thursday, January 8th. Loop Capital began coverage on QXO in a research report on Thursday, December 11th. They issued a “buy” rating and a $31.00 price target on the stock. Wall Street Zen downgraded QXO from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, Truist Financial decreased their target price on shares of QXO from $28.00 to $26.00 and set a “buy” rating on the stock in a report on Friday, December 19th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, QXO has an average rating of “Moderate Buy” and an average target price of $32.43.

QXO Stock Down 0.0%

QXO stock opened at $23.88 on Friday. The firm has a market cap of $16.10 billion, a price-to-earnings ratio of -40.47, a PEG ratio of 3.23 and a beta of 2.55. QXO, Inc. has a 52-week low of $11.97 and a 52-week high of $27.61. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.24 and a current ratio of 3.06. The firm has a 50 day moving average price of $23.61 and a two-hundred day moving average price of $20.94.

QXO (NYSE:QXO) last posted its quarterly earnings data on Wednesday, February 25th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.01). The firm had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.19 billion. QXO had a positive return on equity of 3.59% and a negative net margin of 4.08%.The company’s revenue was up 14725.0% compared to the same quarter last year. Equities analysts predict that QXO, Inc. will post -0.13 EPS for the current year.

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.