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

Epoch Investment Partners Inc. raised its stake in shares of QXO, Inc. (NYSE:QXO) by 12.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,359,643 shares of the company’s stock after buying an additional 147,803 shares during the period. Epoch Investment Partners Inc. owned approximately 0.20% of QXO worth $26,228,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in QXO by 17.2% during the 3rd quarter. Vanguard Group Inc. now owns 55,323,743 shares of the company’s stock valued at $1,054,471,000 after buying an additional 8,131,331 shares during the period. Finepoint Capital LP increased its stake in QXO by 5.4% during the 3rd quarter. Finepoint Capital LP now owns 22,295,615 shares of the company’s stock valued at $424,954,000 after buying an additional 1,142,747 shares during the period. Baillie Gifford & Co. increased its stake in QXO by 16,117.6% during the 4th quarter. Baillie Gifford & Co. now owns 14,735,164 shares of the company’s stock valued at $284,241,000 after buying an additional 14,644,305 shares during the period. Schf GPE LLC increased its stake in QXO by 204.3% during the 2nd 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 period. Finally, MTCO Ltd. acquired a new position in QXO during the 3rd quarter valued at about $208,534,000. Institutional investors and hedge funds own 58.68% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on QXO. Stephens lowered their target price on shares of QXO from $29.00 to $26.00 and set an “overweight” rating on the stock in a research note on Thursday, May 14th. Robert W. Baird lowered their target price on shares of QXO from $35.00 to $30.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 13th. Royal Bank Of Canada lowered their target price on shares of QXO from $30.00 to $28.00 and set an “outperform” rating on the stock in a research note on Monday, April 6th. Citigroup lowered their target price on shares of QXO from $30.00 to $28.00 and set a “buy” rating on the stock in a research note on Friday, May 15th. Finally, Wall Street Zen raised shares of QXO from a “strong sell” rating to a “sell” rating in a research note on Sunday, May 17th. Fifteen equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, QXO currently has an average rating of “Moderate Buy” and an average target price of $31.14.

QXO Stock Down 0.2%

NYSE QXO opened at $16.60 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. The company’s 50 day simple moving average is $18.85 and its 200 day simple moving average is $21.01. QXO, Inc. has a 12 month low of $14.75 and a 12 month high of $27.61. The company has a market capitalization of $12.04 billion, a P/E ratio of -18.25, a PEG ratio of 4.26 and a beta of 2.30.

QXO (NYSE:QXO) last released its earnings results on Tuesday, May 12th. The company reported ($0.12) 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 the consensus estimate of $1.73 billion. QXO had a positive return on equity of 1.91% and a negative net margin of 6.02%.The company’s quarterly revenue was up 12716.3% on a year-over-year basis. Equities research analysts expect that QXO, Inc. will post 0.2 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.