Federated Hermes Inc. Acquires Shares of 3,178,100 QXO, Inc. (NASDAQ:QXO)

Federated Hermes Inc. bought a new position in QXO, Inc. (NASDAQ:QXO) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 3,178,100 shares of the company’s stock, valued at approximately $50,532,000.

Several other hedge funds also recently made changes to their positions in the company. The Manufacturers Life Insurance Company bought a new stake in QXO in the 3rd quarter worth $1,522,000. BNP Paribas Financial Markets purchased a new stake in shares of QXO during the third quarter worth about $166,000. HighTower Advisors LLC bought a new stake in shares of QXO in the third quarter worth about $1,492,000. Point72 Asset Management L.P. purchased a new position in shares of QXO during the third quarter valued at approximately $2,912,000. Finally, Stifel Financial Corp purchased a new position in QXO during the 3rd quarter valued at $568,000. 58.68% of the stock is owned by hedge funds and other institutional investors.

QXO Trading Down 3.5 %

Shares of QXO opened at $13.52 on Tuesday. QXO, Inc. has a 1-year low of $10.61 and a 1-year high of $290.00. The firm’s 50-day moving average price is $13.27 and its 200-day moving average price is $14.74. The firm has a market capitalization of $5.53 billion, a price-to-earnings ratio of -1.48, a PEG ratio of 4.09 and a beta of 2.16.

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.