Pictet Asset Management Holding SA Buys 123,998 Shares of QXO, Inc. $QXO

Pictet Asset Management Holding SA grew its stake in QXO, Inc. (NYSE:QXO) by 12.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,140,747 shares of the company’s stock after acquiring an additional 123,998 shares during the period. Pictet Asset Management Holding SA owned 0.11% of QXO worth $13,335,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of QXO. Parallel Advisors LLC grew its position in shares of QXO by 75.3% during the 3rd quarter. Parallel Advisors LLC now owns 9,541 shares of the company’s stock worth $112,000 after buying an additional 4,099 shares in the last quarter. Plancorp LLC lifted its position in shares of QXO by 13.0% in the 3rd quarter. Plancorp LLC now owns 24,671 shares of the company’s stock worth $272,000 after purchasing an additional 2,847 shares during the period. Carmel Capital Partners LLC increased its holdings in QXO by 18.2% during the third quarter. Carmel Capital Partners LLC now owns 137,467 shares of the company’s stock valued at $1,607,000 after buying an additional 21,189 shares during the period. Heritage Family Offices LLP bought a new position in QXO in the third quarter worth approximately $39,000. Finally, Kestra Advisory Services LLC lifted its holdings in QXO by 75.8% during the third quarter. Kestra Advisory Services LLC now owns 91,170 shares of the company’s stock worth $1,066,000 after buying an additional 39,315 shares during the period. Hedge funds and other institutional investors own 58.68% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on QXO. Morgan Stanley initiated coverage on shares of QXO in a report on Tuesday, August 4th. They issued an “overweight” rating and a $35.00 price target on the stock. Wells Fargo & Company reduced their price target on QXO from $16.00 to $15.00 and set an “overweight” rating on the stock in a research report on Friday, October 16th. Weiss Ratings reissued a “sell (d)” rating on shares of QXO in a report on Wednesday, August 26th. Royal Bank Of Canada dropped their price target on QXO from $27.00 to $18.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 7th. Finally, Wall Street Zen upgraded shares of QXO from a “strong sell” rating to a “sell” rating in a report on Saturday, July 25th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $24.77.

QXO Stock Performance

Shares of NYSE QXO opened at $12.82 on Friday. The company has a current ratio of 4.11, a quick ratio of 3.29 and a debt-to-equity ratio of 0.66. QXO, Inc. has a 12 month low of $10.03 and a 12 month high of $27.61. The company has a 50 day simple moving average of $11.77 and a two-hundred day simple moving average of $16.82. The stock has a market cap of $13.30 billion, a price-to-earnings ratio of -14.24, a PEG ratio of 3.08 and a beta of 2.42.

QXO (NYSE:QXO) last posted its earnings results on Thursday, November 12th. The company reported $0.13 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.13. The company had revenue of $4.89 billion during the quarter, compared to the consensus estimate of $4.86 billion. QXO had a negative net margin of 5.17% and a positive return on equity of 2.41%. As a group, analysts predict that QXO, Inc. will post 0.22 earnings per share for the current year.

Trending Headlines about QXO

These are some of the QXO headlines that stood out recently:

• Positive Sentiment: Reported institutional holdings data showed more investors adding QXO shares than reducing positions in their latest filings, although these figures reflect prior-period activity and may not indicate current buying. QXO Q3 earnings and institutional activity
• Neutral Sentiment: QXO named Dev Ahuja, formerly CFO of Novelis, as CFO starting in January 2027; current CFO Ihsan Essaid will become vice chairman. The leadership change adds an experienced finance executive, but its business impact remains to be seen. QXO announces CFO appointment
• Negative Sentiment: Despite the sales surge, QXO recorded a $123 million loss attributable to common shareholders, with diluted GAAP EPS of -$0.17. Operating profit was only $2 million and operating cash flow was $1 million; higher liabilities also underscore the financial demands of scaling the business. QXO Q3 2026 earnings details

About QXO

QXO, Inc. is a distributor of building products serving contractors and other customers in the construction industry. Its offerings include roofing materials, waterproofing products and complementary building supplies for residential and commercial projects. QXO expanded its business through its acquisition of Beacon Roofing Supply in 2025, bringing Beacon’s distribution network and product expertise into the company. Beacon serves customers across the United States and Canada. QXO is led by Chairman and Chief Executive Officer Brad Jacobs, an entrepreneur whose previous leadership roles include executive positions at XPO and United Rentals.