Robert W. Baird began coverage on shares of QXO (NASDAQ:QXO – Free Report) in a research note published on Thursday morning, MarketBeat Ratings reports. The brokerage issued an outperform rating and a $32.00 price target on the stock.
Other research analysts have also recently issued reports about the company. Oppenheimer began coverage on QXO in a report on Wednesday. They set an “outperform” rating and a $27.00 price objective for the company. Wolfe Research began coverage on QXO in a report on Friday, June 6th. They issued an “outperform” rating and a $44.00 price target for the company.
Get Our Latest Stock Report on QXO
QXO Stock Performance
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the business. Advisors Capital Management LLC raised its holdings in shares of QXO by 18.9% in the first quarter. Advisors Capital Management LLC now owns 646,595 shares of the company’s stock valued at $8,755,000 after buying an additional 102,862 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings 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 valued at $9,449,000 after buying an additional 81,758 shares during the last quarter. Blue Investment Opportunities LLC Project Breeze Series 1 acquired a new stake in QXO in the first quarter worth about $118,142,000. Millennium Management LLC increased its position in 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 purchasing an additional 20,067 shares during the period. Finally, Eschler Asset Management LLP acquired a new stake in QXO in the first quarter worth about $812,000. 58.68% of the stock is owned by institutional investors.
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.
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