Bank of New York Mellon Corp Buys 393,126 Shares of QXO, Inc. (NASDAQ:QXO)

Bank of New York Mellon Corp raised its stake in QXO, Inc. (NASDAQ:QXO) by 685.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 450,467 shares of the company’s stock after buying an additional 393,126 shares during the period. Bank of New York Mellon Corp owned about 0.11% of QXO worth $7,162,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Brown Brothers Harriman & Co. bought a new position in shares of QXO in the 3rd quarter worth $41,000. SG Americas Securities LLC grew its holdings in shares of QXO by 45.8% during the 4th quarter. SG Americas Securities LLC now owns 9,544 shares of the company’s stock valued at $152,000 after purchasing an additional 3,000 shares during the last quarter. BNP Paribas Financial Markets bought a new position in shares of QXO during the 3rd quarter valued at $166,000. Entropy Technologies LP bought a new position in shares of QXO during the 4th quarter valued at $169,000. Finally, CIBC Asset Management Inc bought a new position in shares of QXO during the 3rd quarter valued at $186,000. Institutional investors own 58.68% of the company’s stock.

QXO Stock Performance

QXO stock opened at $12.81 on Friday. QXO, Inc. has a 52 week low of $10.61 and a 52 week high of $290.00. The firm’s fifty day moving average is $13.60 and its 200 day moving average is $14.81. The firm has a market cap of $5.24 billion, a P/E ratio of -1.40, a P/E/G ratio of 4.09 and a beta of 2.35.

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.