QXO, Inc. $QXO Shares Sold by GW Henssler & Associates Ltd.

GW Henssler & Associates Ltd. trimmed its position in QXO, Inc. (NYSE:QXO) by 11.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 581,040 shares of the company’s stock after selling 72,091 shares during the period. GW Henssler & Associates Ltd.’s holdings in QXO were worth $11,208,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Fishman Jay A Ltd. MI purchased a new stake in shares of QXO during the 3rd quarter worth about $10,444,000. Fred Alger Management LLC purchased a new position in QXO in the 3rd quarter valued at about $173,053,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in QXO by 748.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 877,538 shares of the company’s stock valued at $16,928,000 after acquiring an additional 774,138 shares during the last quarter. Baillie Gifford & Co. increased its holdings in shares of QXO by 16,117.6% in the fourth 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. Finally, JNBA Financial Advisors acquired a new stake in shares of QXO in the fourth quarter valued at approximately $992,000. 58.68% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

QXO has been the topic of several analyst reports. Royal Bank Of Canada reduced their price target on shares of QXO from $30.00 to $28.00 and set an “outperform” rating on the stock in a research report on Monday, April 6th. KeyCorp lifted their price target on shares of QXO from $30.00 to $32.00 and gave the company an “overweight” rating in a research report on Monday, April 20th. Benchmark reaffirmed a “buy” rating on shares of QXO in a research report on Friday, February 20th. Citigroup reduced their price target on shares of QXO from $30.00 to $28.00 and set a “buy” rating on the stock in a research report on Friday, May 15th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of QXO in a research report on Friday. Sixteen analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $32.00.

QXO Stock Performance

NYSE:QXO opened at $16.78 on Tuesday. The company has a fifty day simple moving average of $19.46 and a two-hundred day simple moving average of $21.08. The company has a market cap of $12.17 billion, a price-to-earnings ratio of -18.44, a price-to-earnings-growth ratio of 4.42 and a beta of 2.30. The company has a quick ratio of 2.47, a current ratio of 3.33 and a debt-to-equity ratio of 0.35. QXO, Inc. has a 52 week low of $15.50 and a 52 week high of $27.61.

QXO (NYSE:QXO) last posted its quarterly earnings results on Tuesday, May 12th. The company reported ($0.12) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.03). The business had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.73 billion. QXO had a positive return on equity of 1.91% and a negative net margin of 6.02%.The business’s revenue for the quarter was up 12716.3% compared to the same quarter last year. As a group, equities analysts anticipate 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.