Ensign Peak Advisors Inc Takes Position in QXO, Inc. (NASDAQ:QXO)

Ensign Peak Advisors Inc purchased a new position in shares of QXO, Inc. (NASDAQ:QXO) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 65,995 shares of the company’s stock, valued at approximately $1,049,000.

Several other institutional investors and hedge funds have also recently modified their holdings of QXO. T. Rowe Price Investment Management Inc. grew its position in QXO by 3.0% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 10,886,193 shares of the company’s stock valued at $173,091,000 after acquiring an additional 312,299 shares in the last quarter. Vanguard Group Inc. increased its stake in QXO by 24.6% in the fourth quarter. Vanguard Group Inc. now owns 10,039,864 shares of the company’s stock valued at $159,634,000 after purchasing an additional 1,979,147 shares during the last quarter. Federated Hermes Inc. purchased a new stake in QXO in the fourth quarter valued at $50,532,000. Charles Schwab Investment Management Inc. boosted its position in shares of QXO by 0.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,544,224 shares of the company’s stock valued at $24,553,000 after purchasing an additional 14,073 shares during the period. Finally, Tsai Capital Corp grew its position in shares of QXO by 6.3% during the fourth quarter. Tsai Capital Corp now owns 1,275,007 shares of the company’s stock worth $20,273,000 after acquiring an additional 75,007 shares during the last quarter. Hedge funds and other institutional investors own 58.68% of the company’s stock.

QXO Stock Performance

Shares of QXO opened at $16.83 on Friday. QXO, Inc. has a 1 year low of $10.61 and a 1 year high of $290.00. The company’s fifty day moving average is $13.66 and its two-hundred day moving average is $14.46. The stock has a market capitalization of $7.52 billion, a P/E ratio of -1.85, a P/E/G ratio of 4.09 and a beta of 2.27.

QXO Company 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.