QXO, Inc. $QXO Stock Position Increased by Epoch Investment Partners Inc.

Epoch Investment Partners Inc. lifted its position in QXO, Inc. (NYSE:QXO) by 54.2% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,096,918 shares of the company’s stock after buying an additional 737,275 shares during the period. Epoch Investment Partners Inc.’s holdings in QXO were worth $40,722,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of QXO. Hilltop Holdings Inc. grew its holdings in QXO by 38.7% during the first quarter. Hilltop Holdings Inc. now owns 28,964 shares of the company’s stock worth $562,000 after acquiring an additional 8,085 shares during the period. Public Employees Retirement System of Ohio raised its position in QXO by 1.9% in the first quarter. Public Employees Retirement System of Ohio now owns 187,322 shares of the company’s stock worth $3,638,000 after acquiring an additional 3,451 shares in the last quarter. Sycale Advisors NY LLC lifted its holdings in QXO by 113.6% in the 1st quarter. Sycale Advisors NY LLC now owns 625,757 shares of the company’s stock valued at $12,152,000 after acquiring an additional 332,757 shares during the last quarter. Aureus Asset Management LLC boosted its position in shares of QXO by 0.7% during the 1st quarter. Aureus Asset Management LLC now owns 411,813 shares of the company’s stock valued at $7,997,000 after purchasing an additional 2,660 shares in the last quarter. Finally, Levin Capital Strategies L.P. boosted its position in shares of QXO by 99.7% during the 1st quarter. Levin Capital Strategies L.P. now owns 31,450 shares of the company’s stock valued at $611,000 after purchasing an additional 15,700 shares in the last quarter. Institutional investors and hedge funds own 58.68% of the company’s stock.

QXO Stock Down 0.9%

QXO stock opened at $13.71 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 3.33 and a quick ratio of 2.47. The firm has a market capitalization of $9.94 billion, a P/E ratio of -15.06, a P/E/G ratio of 3.51 and a beta of 2.23. QXO, Inc. has a 52-week low of $13.32 and a 52-week high of $27.61. The company’s 50 day simple moving average is $16.09 and its 200-day simple moving average is $20.01.

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

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. KeyCorp dropped their target price on shares of QXO from $32.00 to $28.00 and set an “overweight” rating on the stock in a report on Wednesday, July 1st. Oppenheimer raised their target price on shares of QXO from $30.00 to $32.00 and gave the stock an “outperform” rating in a report on Monday, April 27th. Robert W. Baird decreased their price target 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. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $27.00 price target on shares of QXO in a report on Friday, July 10th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of QXO in a research report on Friday, May 29th. Fifteen research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $30.57.

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.