QXO, Inc. $QXO Holdings Raised by TD Asset Management Inc

TD Asset Management Inc grew its position in QXO, Inc. (NYSE:QXO) by 18.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 941,327 shares of the company’s stock after acquiring an additional 148,375 shares during the quarter. TD Asset Management Inc’s holdings in QXO were worth $18,158,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in QXO. LRI Investments LLC increased its holdings in shares of QXO by 129.1% in the 4th quarter. LRI Investments LLC now owns 1,482 shares of the company’s stock valued at $29,000 after acquiring an additional 835 shares during the last quarter. Newbridge Financial Services Group Inc. increased its holdings in shares of QXO by 57.5% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 1,575 shares of the company’s stock valued at $30,000 after acquiring an additional 575 shares during the last quarter. Russell Investments Group Ltd. bought a new stake in shares of QXO in the 2nd quarter valued at approximately $30,000. Allworth Financial LP boosted its position in QXO by 66.9% during the 3rd quarter. Allworth Financial LP now owns 2,028 shares of the company’s stock valued at $39,000 after purchasing an additional 813 shares during the period. Finally, Sentry Investment Management LLC acquired a new position in QXO during the 3rd quarter valued at approximately $40,000. 58.68% of the stock is currently owned by institutional investors.

QXO Trading Up 0.3%

NYSE:QXO opened at $15.81 on Monday. The company has a debt-to-equity ratio of 0.35, a current ratio of 3.33 and a quick ratio of 2.47. QXO, Inc. has a 12-month low of $15.45 and a 12-month high of $27.61. The business has a 50 day simple moving average of $19.16 and a 200 day simple moving average of $21.03. The firm has a market capitalization of $11.47 billion, a P/E ratio of -17.37, a P/E/G ratio of 4.04 and a beta of 2.30.

QXO (NYSE:QXO) last announced its quarterly 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). QXO had a positive return on equity of 1.91% and a negative net margin of 6.02%.The business had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.73 billion. The company’s revenue was up 12716.3% on a year-over-year basis. Equities research analysts predict that QXO, Inc. will post 0.2 EPS for the current year.

Analysts Set New Price Targets

A number of research firms recently issued reports on QXO. Wall Street Zen upgraded QXO from a “strong sell” rating to a “sell” rating in a research report on Sunday, May 17th. Zacks Research lowered QXO from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 12th. Royal Bank Of Canada reduced their price objective on QXO from $30.00 to $28.00 and set an “outperform” rating for the company in a research report on Monday, April 6th. Oppenheimer boosted their price objective on QXO from $30.00 to $32.00 and gave the company an “outperform” rating in a research report on Monday, April 27th. Finally, Stephens reduced their price objective on QXO from $29.00 to $26.00 and set an “overweight” rating for the company in a research report on Thursday, May 14th. Fifteen equities research analysts have rated the stock with a Buy rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $31.14.

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.