QXO, Inc. $QXO Stake Lifted by Hudson Value Partners LLC

Hudson Value Partners LLC lifted its stake in shares of QXO, Inc. (NYSE:QXO) by 32.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 100,092 shares of the company’s stock after acquiring an additional 24,532 shares during the quarter. Hudson Value Partners LLC’s holdings in QXO were worth $1,908,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of QXO by 91.0% during the 2nd quarter. Vanguard Group Inc. now owns 47,192,412 shares of the company’s stock valued at $1,016,525,000 after purchasing an additional 22,484,977 shares during the period. Affinity Partners GP LP boosted its stake in QXO by 99.1% during the second quarter. Affinity Partners GP LP now owns 32,671,542 shares of the company’s stock valued at $703,745,000 after buying an additional 16,260,163 shares in the last quarter. Alpha Wave Global LP acquired a new position in QXO during the second quarter worth about $525,366,000. Schf GPE LLC raised its position in QXO by 204.3% in the second quarter. Schf GPE LLC now owns 13,319,457 shares of the company’s stock worth $286,901,000 after acquiring an additional 8,943,089 shares in the last quarter. Finally, Hood River Capital Management LLC acquired a new stake in QXO in the 2nd quarter valued at about $178,836,000. 58.68% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on QXO shares. Royal Bank Of Canada set a $30.00 price objective on shares of QXO in a research note on Friday, January 9th. Truist Financial decreased their price target on shares of QXO from $28.00 to $26.00 and set a “buy” rating on the stock in a research report on Friday, December 19th. William Blair reaffirmed an “outperform” rating on shares of QXO in a report on Wednesday, December 31st. Benchmark reiterated a “buy” rating on shares of QXO in a research report on Friday, January 16th. Finally, Loop Capital assumed coverage on QXO in a report on Thursday, December 11th. They issued a “buy” rating and a $31.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, QXO currently has an average rating of “Moderate Buy” and an average price target of $32.43.

QXO Stock Up 3.0%

NYSE:QXO opened at $24.17 on Friday. The business’s fifty day moving average price is $21.04 and its 200 day moving average price is $20.32. The firm has a market capitalization of $16.30 billion, a price-to-earnings ratio of -54.93, a PEG ratio of 2.89 and a beta of 2.44. The company has a current ratio of 3.06, a quick ratio of 2.24 and a debt-to-equity ratio of 0.37. QXO, Inc. has a 1-year low of $11.85 and a 1-year high of $26.24.

QXO (NYSE:QXO) last released its earnings results on Thursday, November 6th. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.02. The company had revenue of $2.73 billion for the quarter, compared to analysts’ expectations of $2.78 billion. QXO had a positive return on equity of 3.70% and a negative net margin of 3.81%.The business’s revenue for the quarter was up 20726.7% on a year-over-year basis. On average, sell-side analysts forecast that QXO, Inc. will post -0.13 earnings per share for the current fiscal year.

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.