1,088,587 Shares of QXO, Inc. $QXO Bought by Boston Trust Walden Corp

Boston Trust Walden Corp acquired a new stake in shares of QXO, Inc. (NYSE:QXO) in the third quarter, Holdings Channel.com reports. The firm acquired 1,088,587 shares of the company’s stock, valued at approximately $12,726,000.

Other institutional investors have also modified their holdings of the company. Root Financial Partners LLC lifted its holdings in shares of QXO by 73,350.0% in the 1st quarter. Root Financial Partners LLC now owns 1,469 shares of the company’s stock valued at $29,000 after buying an additional 1,467 shares during the period. NFSG Corp grew its holdings in QXO by 39.6% during the first quarter. NFSG Corp now owns 2,198 shares of the company’s stock worth $43,000 after acquiring an additional 623 shares during the period. Center for Financial Planning Inc. acquired a new stake in QXO during the third quarter worth about $26,000. Whipplewood Advisors LLC raised its position in QXO by 12,604.8% during the first quarter. Whipplewood Advisors LLC now owns 2,668 shares of the company’s stock valued at $52,000 after acquiring an additional 2,647 shares in the last quarter. Finally, Signaturefd LLC raised its position in QXO by 166.6% during the third quarter. Signaturefd LLC now owns 2,973 shares of the company’s stock valued at $35,000 after acquiring an additional 1,858 shares in the last quarter. Hedge funds and other institutional investors own 58.68% of the company’s stock.

QXO Trading Down 8.0%

QXO stock opened at $11.64 on Friday. The company’s 50-day simple moving average is $11.79 and its 200-day simple moving average is $17.08. The company has a quick ratio of 3.29, a current ratio of 4.11 and a debt-to-equity ratio of 0.66. QXO, Inc. has a 52-week low of $10.03 and a 52-week high of $27.61. The firm has a market cap of $12.08 billion, a P/E ratio of -12.94, a PEG ratio of 2.83 and a beta of 2.42.

QXO (NYSE:QXO) last announced its quarterly earnings results on Thursday, August 13th. The company reported $0.08 earnings per share for the quarter, meeting the consensus estimate of $0.08. QXO had a positive return on equity of 2.41% and a negative net margin of 5.17%. The firm had revenue of $3.25 billion during the quarter, compared to analyst estimates of $3.18 billion. As a group, equities analysts forecast that QXO, Inc. will post 0.22 EPS for the current fiscal year.

Analysts Set New Price Targets

QXO has been the subject of a number of analyst reports. Wells Fargo & Company decreased their price target on QXO from $16.00 to $15.00 and set an “overweight” rating for the company in a report on Friday, October 16th. Citigroup dropped their price objective on shares of QXO from $28.00 to $25.00 and set a “buy” rating on the stock in a research note on Monday, July 13th. Morgan Stanley began coverage on shares of QXO in a report on Tuesday, August 4th. They set an “overweight” rating and a $35.00 target price for the company. Royal Bank Of Canada cut their target price on shares of QXO from $27.00 to $18.00 and set an “outperform” rating for the company in a report on Wednesday, October 7th. Finally, Melius Research initiated coverage on shares of QXO in a research note on Tuesday, October 6th. They issued a “buy” rating and a $17.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, QXO has a consensus rating of “Moderate Buy” and an average price target of $24.77.

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.