Bank of Hawaii Has $4.48 Million Stock Holdings in QXO, Inc. $QXO

Bank of Hawaii lifted its holdings in shares of QXO, Inc. (NYSE:QXO) by 92.6% during the 4th quarter, Holdings Channel reports. The firm owned 232,460 shares of the company’s stock after purchasing an additional 111,743 shares during the quarter. Bank of Hawaii’s holdings in QXO were worth $4,484,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in QXO by 17.2% in the third quarter. Vanguard Group Inc. now owns 55,323,743 shares of the company’s stock valued at $1,054,471,000 after purchasing an additional 8,131,331 shares in the last quarter. Finepoint Capital LP grew its stake in shares of QXO by 5.4% in 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. Fred Alger Management LLC grew its stake in shares of QXO by 75.4% in the 4th quarter. Fred Alger Management LLC now owns 15,923,937 shares of the company’s stock valued at $307,173,000 after buying an additional 6,844,574 shares during the period. Baillie Gifford & Co. increased its position in QXO by 16,117.6% in 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 in the last quarter. Finally, Schf GPE LLC increased its position in QXO by 204.3% in 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 in the last quarter. Institutional investors and hedge funds own 58.68% of the company’s stock.

QXO Trading Up 0.0%

NYSE:QXO opened at $17.77 on Friday. QXO, Inc. has a 12 month low of $14.75 and a 12 month high of $27.61. The company has a current ratio of 3.33, a quick ratio of 2.47 and a debt-to-equity ratio of 0.35. The firm’s 50 day moving average is $18.64 and its 200 day moving average is $20.96. The stock has a market capitalization of $12.89 billion, a PE ratio of -19.53, a price-to-earnings-growth ratio of 4.55 and a beta of 2.30.

QXO (NYSE:QXO) last released its 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). The firm had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.73 billion. QXO had a positive return on equity of 1.91% and a negative net margin of 6.02%.QXO’s quarterly revenue was up 12716.3% compared to the same quarter last year. Sell-side analysts expect that QXO, Inc. will post 0.2 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have issued reports on QXO. Stephens cut their price target on QXO from $29.00 to $26.00 and set an “overweight” rating on the stock in a report on Thursday, May 14th. Citigroup cut their target price on QXO from $30.00 to $28.00 and set a “buy” rating on the stock in a report on Friday, May 15th. Weiss Ratings restated a “sell (d)” rating on shares of QXO in a research note on Friday, May 29th. Robert W. Baird lowered their price objective on shares of QXO from $35.00 to $30.00 and set an “outperform” rating on the stock in a report on Wednesday, May 13th. 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 analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, QXO currently has a consensus rating of “Moderate Buy” and an average 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.