QXO, Inc. $QXO is Lionstone Capital Management LLC’s 4th Largest Position

Lionstone Capital Management LLC lifted its stake in QXO, Inc. (NYSE:QXO) by 10.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,332,662 shares of the company’s stock after purchasing an additional 211,450 shares during the quarter. QXO comprises about 10.4% of Lionstone Capital Management LLC’s holdings, making the stock its 4th largest holding. Lionstone Capital Management LLC owned 0.35% of QXO worth $44,997,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in QXO by 17.2% in the 3rd quarter. Vanguard Group Inc. now owns 55,323,743 shares of the company’s stock valued at $1,054,471,000 after buying an additional 8,131,331 shares in the last quarter. Finepoint Capital LP raised its holdings in shares of QXO by 5.4% during the 3rd quarter. Finepoint Capital LP now owns 22,295,615 shares of the company’s stock worth $424,954,000 after acquiring an additional 1,142,747 shares during the period. Baillie Gifford & Co. raised its holdings in shares of QXO by 16,117.6% during the 4th quarter. Baillie Gifford & Co. now owns 14,735,164 shares of the company’s stock worth $284,241,000 after acquiring an additional 14,644,305 shares during the period. Schf GPE LLC boosted its position in shares of QXO by 204.3% during the 2nd quarter. Schf GPE LLC now owns 13,319,457 shares of the company’s stock valued at $286,901,000 after acquiring an additional 8,943,089 shares during the last quarter. Finally, MTCO Ltd. acquired a new position in shares of QXO during the 3rd quarter valued at about $208,534,000. Hedge funds and other institutional investors own 58.68% of the company’s stock.

QXO Stock Up 1.6%

Shares of QXO opened at $16.96 on Wednesday. The firm has a market cap of $12.30 billion, a P/E ratio of -18.64, a price-to-earnings-growth ratio of 4.28 and a beta of 2.30. QXO, Inc. has a 12-month low of $14.75 and a 12-month high of $27.61. The company’s 50-day moving average price is $18.76 and its 200 day moving average price is $21.00. The company has a current ratio of 3.33, a quick ratio of 2.47 and a debt-to-equity ratio of 0.35.

QXO (NYSE:QXO) last announced its earnings results on Tuesday, May 12th. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.03). QXO had a positive return on equity of 1.91% and a negative net margin of 6.02%.The company had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.73 billion. The firm’s revenue was up 12716.3% compared to the same quarter last year. On average, sell-side analysts forecast that QXO, Inc. will post 0.2 earnings per share for the current year.

Wall Street Analyst Weigh In

QXO has been the subject of several recent analyst reports. Royal Bank Of Canada cut their price objective on shares of QXO from $30.00 to $28.00 and set an “outperform” rating for the company in a research report on Monday, April 6th. KeyCorp boosted their target price on shares of QXO from $30.00 to $32.00 and gave the company an “overweight” rating in a report on Monday, April 20th. Robert W. Baird dropped their price target on shares of QXO from $35.00 to $30.00 and set an “outperform” rating for the company in a research note on Wednesday, May 13th. Wall Street Zen upgraded shares of QXO from a “strong sell” rating to a “sell” rating in a report on Sunday, May 17th. Finally, BNP Paribas Exane initiated coverage on shares of QXO in a research report on Monday, March 16th. They set an “outperform” rating and a $30.00 price target on the stock. Fifteen equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $31.14.

QXO Profile

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.