Fishman Jay A Ltd. MI Purchases 309,900 Shares of QXO, Inc. $QXO

Fishman Jay A Ltd. MI raised its stake in shares of QXO, Inc. (NYSE:QXO) by 56.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 857,840 shares of the company’s stock after acquiring an additional 309,900 shares during the period. QXO comprises approximately 1.4% of Fishman Jay A Ltd. MI’s investment portfolio, making the stock its 19th largest holding. Fishman Jay A Ltd. MI’s holdings in QXO were worth $16,548,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in QXO. Baillie Gifford & Co. increased its position in shares of 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 purchasing an additional 14,644,305 shares during the last quarter. MTCO Ltd. bought a new position in QXO in the 3rd quarter worth about $208,534,000. Fred Alger Management LLC bought a new position in QXO in the 3rd quarter worth about $173,053,000. Schf GPE LLC boosted its stake in QXO by 204.3% in the 2nd quarter. Schf GPE LLC now owns 13,319,457 shares of the company’s stock worth $286,901,000 after purchasing an additional 8,943,089 shares during the period. Finally, Vanguard Group Inc. boosted its stake in QXO by 17.2% in the 3rd quarter. Vanguard Group Inc. now owns 55,323,743 shares of the company’s stock worth $1,054,471,000 after purchasing an additional 8,131,331 shares during the period. 58.68% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. KeyCorp lifted their price target on QXO from $30.00 to $32.00 and gave the company an “overweight” rating in a research report on Monday. William Blair reiterated an “outperform” rating on shares of QXO in a research report on Wednesday, December 31st. Oppenheimer boosted their target price on QXO from $27.00 to $30.00 and gave the company an “outperform” rating in a research note on Friday, January 16th. Royal Bank Of Canada reduced their target price on QXO from $30.00 to $28.00 and set an “outperform” rating on the stock in a research note on Monday, April 6th. Finally, Wall Street Zen cut QXO from a “hold” rating to a “sell” rating in a research note on Saturday, February 28th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $32.40.

Key QXO News

Here are the key news stories impacting QXO this week:

• Positive Sentiment: Acquisition expands QXO’s building-products reach and scale; the $17 billion TopBuild deal is the headline driver behind today’s move as investors weigh revenue and market-share upside. Read More.
• Positive Sentiment: Wall Street commentary highlights potential revenue scale — some analysts model the combined company reaching roughly $50 billion in annual revenue, implying large synergy and cross-selling upside if integration succeeds. Read More.
• Positive Sentiment: Analyst/market writeups portray the transaction as a consolidation play that could create long-term value if cost and revenue synergies are realized. Read More.
• Neutral Sentiment: QXO announced a partnership with NAHICA to support Latino contractors, which improves community outreach and addressable market access but is not likely to move near-term earnings materially. Read More.
• Neutral Sentiment: Founder/management commentary (Brad Jacobs) frames the deal as part of a broader strategy that pairs traditional distribution with data/AI capabilities — strategically meaningful but speculative on timing and measurable ROI. Read More.
• Negative Sentiment: Shareholder litigation risk surfaced: Johnson Fistel launched an investigation into whether TopBuild’s board breached fiduciary duties in connection with the sale, introducing legal and timing uncertainty. Read More.
• Negative Sentiment: Market skepticism about deal pricing/arbitrage appeared in coverage noting the spread between QXO and TopBuild stocks, highlighting investor concern over valuation and potential dilution/financing terms. Read More.

QXO Stock Down 6.8%

QXO stock opened at $20.96 on Thursday. QXO, Inc. has a fifty-two week low of $12.16 and a fifty-two week high of $27.61. The business’s 50-day moving average is $22.13 and its two-hundred day moving average is $21.11. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.61 and a current ratio of 3.58. The company has a market cap of $14.88 billion, a price-to-earnings ratio of -35.53, a P/E/G ratio of 3.52 and a beta of 2.50.

QXO (NYSE:QXO) last issued its quarterly earnings results on Friday, February 27th. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). QXO had a positive return on equity of 3.45% and a negative net margin of 4.08%.QXO’s revenue for the quarter was up 14725.0% compared to the same quarter last year. As a group, analysts forecast that QXO, Inc. will post 0.32 earnings per share for the current year.

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.