QXO, Inc. $QXO Shares Acquired by Fishman Jay A Ltd. MI

Fishman Jay A Ltd. MI boosted its stake in QXO, Inc. (NYSE:QXO) by 6.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,683,830 shares of the company’s stock after purchasing an additional 105,595 shares during the quarter. QXO comprises about 1.6% of Fishman Jay A Ltd. MI’s holdings, making the stock its 15th biggest position. Fishman Jay A Ltd. MI’s holdings in QXO were worth $19,684,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the stock. Center for Financial Planning Inc. bought a new stake in QXO in the third quarter valued at $26,000. Root Financial Partners LLC raised its stake in QXO by 73,350.0% during the 1st quarter. Root Financial Partners LLC now owns 1,469 shares of the company’s stock worth $29,000 after buying an additional 1,467 shares during the period. Signaturefd LLC lifted its holdings in shares of QXO by 166.6% in the 3rd quarter. Signaturefd LLC now owns 2,973 shares of the company’s stock worth $35,000 after purchasing an additional 1,858 shares in the last quarter. CoreCap Advisors LLC bought a new position in shares of QXO in the third quarter valued at $41,000. Finally, Hartford Financial Management Inc. lifted its position in QXO by 59.1% in the 3rd quarter. Hartford Financial Management Inc. now owns 3,500 shares of the company’s stock valued at $41,000 after acquiring an additional 1,300 shares in the last quarter. 58.68% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently weighed in on QXO. Morgan Stanley initiated coverage on QXO in a report on Tuesday, August 4th. They issued an “overweight” rating and a $35.00 target price on the stock. Melius Research began coverage on QXO in a report on Tuesday, October 6th. They set a “buy” rating and a $17.00 price target for the company. Weiss Ratings reiterated a “sell (d)” rating on shares of QXO in a report on Wednesday, August 26th. Wells Fargo & Company lowered their price target on QXO from $16.00 to $15.00 and set an “overweight” rating for the company in a research report on Friday, October 16th. Finally, Citigroup dropped their price objective on QXO from $28.00 to $25.00 and set a “buy” rating on the stock in a research note on Monday, July 13th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $24.77.

QXO Price Performance

QXO opened at $10.62 on Wednesday. QXO, Inc. has a fifty-two week low of $10.03 and a fifty-two week high of $27.61. The firm has a market capitalization of $11.02 billion, a P/E ratio of -11.81 and a beta of 2.30. The company’s 50-day moving average is $12.09 and its 200 day moving average is $17.55.

QXO (NYSE:QXO) last issued its quarterly earnings data on Thursday, August 13th. The company reported $0.08 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.08. The firm had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.18 billion. On average, equities research analysts expect that QXO, Inc. will post 0.24 earnings per share for the current year.

QXO Company Profile

QXO, Inc is a building products distribution company serving professional contractors and other customers in the construction industry. Its product offerings include roofing materials, siding, windows, doors, insulation and related exterior building products.

The company operates through a network of distribution locations in the United States and Canada, providing materials, delivery services and product support to contractors and other building-industry customers. QXO’s strategy is focused on expanding its presence in the building products distribution market through organic growth and acquisitions.

QXO was formerly known as SilverSun Technologies, Inc and adopted the QXO name as part of a strategic transformation led by investor Brad Jacobs.