Savant Capital LLC Purchases Shares of 2,788 DXP Enterprises, Inc. (NASDAQ:DXPE)

Savant Capital LLC purchased a new position in DXP Enterprises, Inc. (NASDAQ:DXPE - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 2,788 shares of the industrial products company's stock, valued at approximately $230,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Longboard Asset Management LP purchased a new stake in DXP Enterprises during the fourth quarter valued at about $216,000. CWA Asset Management Group LLC lifted its holdings in DXP Enterprises by 20.9% during the fourth quarter. CWA Asset Management Group LLC now owns 25,070 shares of the industrial products company's stock valued at $2,071,000 after purchasing an additional 4,329 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in DXP Enterprises by 193.3% during the third quarter. JPMorgan Chase & Co. now owns 98,044 shares of the industrial products company's stock valued at $5,232,000 after purchasing an additional 64,611 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in DXP Enterprises by 0.3% during the third quarter. Principal Financial Group Inc. now owns 68,997 shares of the industrial products company's stock valued at $3,682,000 after purchasing an additional 178 shares during the last quarter. Finally, 272 Capital LP purchased a new stake in DXP Enterprises during the third quarter valued at about $1,380,000. 74.82% of the stock is owned by hedge funds and other institutional investors.

DXP Enterprises Price Performance

Shares of DXPE traded down $5.01 during midday trading on Friday, hitting $89.91. 201,532 shares of the company traded hands, compared to its average volume of 284,054. The stock has a 50-day moving average of $93.13 and a 200-day moving average of $69.80. DXP Enterprises, Inc. has a one year low of $34.17 and a one year high of $107.06. The firm has a market cap of $1.41 billion, a P/E ratio of 23.17 and a beta of 1.67. The company has a debt-to-equity ratio of 1.29, a current ratio of 2.22 and a quick ratio of 1.78.

Analysts Set New Price Targets

DXPE has been the topic of several analyst reports. StockNews.com cut DXP Enterprises from a "buy" rating to a "hold" rating in a research report on Friday, December 20th. Stephens upped their price target on DXP Enterprises from $65.00 to $75.00 and gave the company an "overweight" rating in a research report on Thursday, November 7th.

Insider Buying and Selling

In related news, insider Christopher T. Gregory sold 1,000 shares of the company's stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $73.10, for a total value of $73,100.00. Following the transaction, the insider now directly owns 29,606 shares in the company, valued at approximately $2,164,198.60. This represents a 3.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 22.40% of the stock is owned by company insiders.

About DXP Enterprises

DXP Enterprises, Inc, together with its subsidiaries, engages in distributing maintenance, repair, and operating (MRO) products, equipment, and services in the United States and Canada. It operates through three segments: Service Centers (SC), Supply Chain Services (SCS), and Innovative Pumping Solutions (IPS).