Teacher Retirement System of Texas purchased a new stake in QXO, Inc. (NASDAQ:QXO - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 50,878 shares of the company's stock, valued at approximately $689,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Blair William & Co. IL bought a new position in shares of QXO in the fourth quarter worth approximately $229,000. Barclays PLC bought a new stake in QXO in the 4th quarter worth $1,168,000. Deutsche Bank AG bought a new stake in shares of QXO in the 4th quarter worth approximately $255,000. Northern Trust Corp lifted its holdings in QXO by 46.9% in the fourth quarter. Northern Trust Corp now owns 731,610 shares of the company's stock worth $11,633,000 after buying an additional 233,538 shares during the period. Finally, Wells Fargo & Company MN boosted its position in shares of QXO by 277.5% during the fourth quarter. Wells Fargo & Company MN now owns 29,159 shares of the company's stock valued at $464,000 after purchasing an additional 21,435 shares in the last quarter. Institutional investors own 58.68% of the company's stock.
QXO Trading Up 3.2%
Shares of NASDAQ:QXO traded up $0.69 during midday trading on Thursday, reaching $21.88. 3,017,055 shares of the company were exchanged, compared to its average volume of 4,203,445. The business's fifty day moving average is $19.29 and its two-hundred day moving average is $15.59. QXO, Inc. has a one year low of $10.61 and a one year high of $157.28. The stock has a market cap of $12.70 billion, a PE ratio of -2.39, a price-to-earnings-growth ratio of 4.09 and a beta of 2.41.
Analysts Set New Price Targets
QXO has been the subject of several research analyst reports. Wolfe Research initiated coverage on QXO in a report on Friday, June 6th. They issued an "outperform" rating and a $44.00 price objective for the company. Baird R W raised shares of QXO to a "strong-buy" rating in a research report on Thursday, June 12th. Robert W. Baird began coverage on shares of QXO in a research report on Thursday, June 12th. They set an "outperform" rating and a $32.00 target price for the company. Citigroup assumed coverage on QXO in a report on Wednesday. They issued a "buy" rating and a $33.00 target price on the stock. Finally, Truist Financial assumed coverage on QXO in a report on Tuesday, July 1st. They set a "buy" rating and a $30.00 price target for the company. Six equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $33.20.
Check Out Our Latest Research Report on QXO
About QXO
(
Free Report)
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.
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