Navellier & Associates Inc. Makes New Investment in QXO, Inc. $QXO

Navellier & Associates Inc. acquired a new stake in shares of QXO, Inc. (NYSE:QXO) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 31,186 shares of the company’s stock, valued at approximately $594,000.

A number of other hedge funds have also modified their holdings of QXO. Alpha Wave Global LP bought a new position in shares of QXO during the 2nd quarter worth approximately $525,366,000. Vanguard Group Inc. raised its stake in QXO by 91.0% during the second quarter. Vanguard Group Inc. now owns 47,192,412 shares of the company’s stock worth $1,016,525,000 after acquiring an additional 22,484,977 shares in the last quarter. Affinity Partners GP LP lifted its holdings in shares of QXO by 99.1% during the second quarter. Affinity Partners GP LP now owns 32,671,542 shares of the company’s stock valued at $703,745,000 after acquiring an additional 16,260,163 shares during the period. Schf GPE LLC boosted its stake in shares of QXO by 204.3% in the 2nd quarter. Schf GPE LLC now owns 13,319,457 shares of the company’s stock valued at $286,901,000 after purchasing an additional 8,943,089 shares in the last quarter. Finally, Hood River Capital Management LLC bought a new stake in shares of QXO in the 2nd quarter worth about $178,836,000. 58.68% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about QXO

Here are the key news stories impacting QXO this week:

• Positive Sentiment: QXO agreed to acquire Kodiak Building Partners for ~$2.25 billion; management says the deal will be highly accretive to 2026 earnings and expands QXO’s addressable market to over $200 billion — a scale boost that supports revenue growth and competitive positioning. QXO to Buy Kodiak Building Partners for $2.25 Billion
• Positive Sentiment: Multiple major outlets frame the deal as a strategic move to take on larger rivals (Home Depot, Lowe’s), positioning QXO as a bigger player in building-products distribution — a narrative that can justify a premium multiple. Exclusive: Jacobs’ QXO to buy Kodiak for $2.25 billion
• Positive Sentiment: Coverage citing a potential housing rebound and improving demand for building supplies supports upside to QXO’s end markets, reinforcing investor optimism that revenue and margins could recover. The Worst May Be Over for Housing
• Neutral Sentiment: Deal terms: roughly $2.0B cash plus 13.2M QXO shares — the mix of cash and stock preserves flexibility but also introduces share issuance; overall impact depends on integration and realized synergies. QXO to Buy Kodiak Building for $2.25 Billion
• Neutral Sentiment: Analysts have an average recommendation of “Moderate Buy,” which lends institutional support but is not a unanimous bullish signal. QXO Receives Average Recommendation of “Moderate Buy”
• Neutral Sentiment: Profiles of CEO Brad Jacobs highlight experienced dealmaking and operational focus — a leadership positive but not a direct financial catalyst. The Psychological Tools That Made Brad Jacobs A Billionaire
• Negative Sentiment: Risks: the cash + equity consideration could dilute existing shareholders and the deal carries integration and execution risk; QXO’s valuation is already elevated (high P/E), so investors may be sensitive to any sign that synergies fall short. Kodiak acquired by QXO

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on QXO. Benchmark reiterated a “buy” rating on shares of QXO in a research note on Friday, January 16th. Truist Financial dropped their price target on QXO from $28.00 to $26.00 and set a “buy” rating for the company in a report on Friday, December 19th. Oppenheimer boosted their price objective on QXO from $27.00 to $30.00 and gave the stock an “outperform” rating in a research note on Friday, January 16th. Citigroup lowered their target price on QXO from $33.00 to $31.00 and set a “buy” rating for the company in a research note on Thursday, January 8th. Finally, William Blair reaffirmed an “outperform” rating on shares of QXO in a report on Wednesday, December 31st. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $32.43.

QXO Stock Up 16.9%

NYSE:QXO opened at $27.14 on Thursday. The company has a market cap of $18.30 billion, a price-to-earnings ratio of -61.67, a P/E/G ratio of 2.85 and a beta of 2.55. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.24 and a current ratio of 3.06. The stock’s fifty day moving average price is $22.59 and its two-hundred day moving average price is $20.47. QXO, Inc. has a 52-week low of $11.85 and a 52-week high of $27.14.

About QXO

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.