QXO, Inc. $QXO Stock Holdings Lifted by Epoch Investment Partners Inc.

Epoch Investment Partners Inc. lifted its position in QXO, Inc. (NYSE:QXO) by 12.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,359,643 shares of the company’s stock after acquiring an additional 147,803 shares during the period. Epoch Investment Partners Inc.’s holdings in QXO were worth $26,228,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in QXO. Royal Bank of Canada increased its position in shares of QXO by 67.5% in the first quarter. Royal Bank of Canada now owns 119,688 shares of the company’s stock worth $1,620,000 after acquiring an additional 48,248 shares in the last quarter. AQR Capital Management LLC purchased a new position in shares of QXO in the first quarter worth approximately $615,000. Millennium Management LLC increased its position in shares of QXO by 6.6% in the first quarter. Millennium Management LLC now owns 322,115 shares of the company’s stock worth $4,361,000 after acquiring an additional 20,067 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of QXO by 13.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 697,889 shares of the company’s stock worth $9,449,000 after acquiring an additional 81,758 shares in the last quarter. Finally, American Century Companies Inc. purchased a new position in QXO during the second quarter valued at approximately $837,000. 58.68% of the stock is owned by hedge funds and other institutional investors.

QXO Price Performance

NYSE QXO opened at $16.60 on Monday. The company has a quick ratio of 2.47, a current ratio of 3.33 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $12.04 billion, a PE ratio of -18.25, a price-to-earnings-growth ratio of 4.26 and a beta of 2.30. The company has a 50 day moving average price of $18.85 and a two-hundred day moving average price of $21.01. QXO, Inc. has a 12-month low of $14.75 and a 12-month high of $27.61.

QXO (NYSE:QXO) last posted its earnings results on Tuesday, May 12th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.03). The business had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.73 billion. QXO had a negative net margin of 6.02% and a positive return on equity of 1.91%. The company’s revenue was up 12716.3% compared to the same quarter last year. As a group, equities analysts predict that QXO, Inc. will post 0.2 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently commented on QXO. Robert W. Baird lowered their price objective on shares of QXO from $35.00 to $30.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 13th. BNP Paribas Exane began coverage on shares of QXO in a research report on Monday, March 16th. They set an “outperform” rating and a $30.00 price objective on the stock. Royal Bank Of Canada lowered their price objective on shares of QXO from $30.00 to $28.00 and set an “outperform” rating on the stock in a research report on Monday, April 6th. Wall Street Zen raised shares of QXO from a “strong sell” rating to a “sell” rating in a research report on Sunday, May 17th. Finally, Stephens lowered their price objective on shares of QXO from $29.00 to $26.00 and set an “overweight” rating on the stock in a research report on Thursday, May 14th. Fifteen analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $31.14.

About QXO

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.