Arrowstreet Capital Limited Partnership Has $12.34 Million Holdings in DXP Enterprises, Inc. (NASDAQ:DXPE)

Arrowstreet Capital Limited Partnership grew its holdings in DXP Enterprises, Inc. (NASDAQ:DXPE - Free Report) by 2,589.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 149,349 shares of the industrial products company's stock after purchasing an additional 143,795 shares during the period. Arrowstreet Capital Limited Partnership owned about 0.95% of DXP Enterprises worth $12,339,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Barclays PLC raised its holdings in shares of DXP Enterprises by 355.4% in the third quarter. Barclays PLC now owns 23,723 shares of the industrial products company's stock valued at $1,267,000 after purchasing an additional 18,514 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of DXP Enterprises by 193.3% in the third quarter. JPMorgan Chase & Co. now owns 98,044 shares of the industrial products company's stock valued at $5,232,000 after buying an additional 64,611 shares in the last quarter. Intech Investment Management LLC bought a new position in shares of DXP Enterprises in the fourth quarter valued at $447,000. Raymond James Financial Inc. bought a new position in shares of DXP Enterprises in the fourth quarter valued at $1,037,000. Finally, Prudential Financial Inc. grew its stake in shares of DXP Enterprises by 96.2% in the fourth quarter. Prudential Financial Inc. now owns 26,105 shares of the industrial products company's stock valued at $2,157,000 after buying an additional 12,800 shares in the last quarter. 74.82% of the stock is currently owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

Several research firms recently weighed in on DXPE. StockNews.com raised shares of DXP Enterprises from a "hold" rating to a "buy" rating in a research note on Wednesday, April 2nd. Stephens raised their target price on shares of DXP Enterprises from $75.00 to $95.00 and gave the company an "overweight" rating in a research note on Monday, March 10th.

Insider Activity

In other news, Director Timothy P. Halter sold 5,000 shares of the business's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $89.75, for a total value of $448,750.00. Following the completion of the sale, the director now owns 45,925 shares of the company's stock, valued at approximately $4,121,768.75. The trade was a 9.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CMO Paz Maestas sold 4,328 shares of the business's stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $89.04, for a total transaction of $385,365.12. Following the completion of the sale, the chief marketing officer now directly owns 613,039 shares of the company's stock, valued at approximately $54,584,992.56. The trade was a 0.70 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,785 shares of company stock valued at $1,139,818. 22.40% of the stock is owned by company insiders.

DXP Enterprises Stock Performance

DXPE stock traded down $1.70 during midday trading on Thursday, reaching $79.75. 12,252 shares of the company were exchanged, compared to its average volume of 227,790. The company has a debt-to-equity ratio of 1.29, a current ratio of 2.22 and a quick ratio of 1.78. The business has a 50-day moving average price of $88.26 and a two-hundred day moving average price of $77.95. DXP Enterprises, Inc. has a one year low of $43.25 and a one year high of $107.06. The firm has a market capitalization of $1.25 billion, a price-to-earnings ratio of 20.55 and a beta of 1.29.

DXP Enterprises (NASDAQ:DXPE - Get Free Report) last released its quarterly earnings data on Thursday, March 6th. The industrial products company reported $1.38 EPS for the quarter, topping analysts' consensus estimates of $0.89 by $0.49. DXP Enterprises had a net margin of 3.75% and a return on equity of 18.74%. The firm had revenue of $470.91 million during the quarter, compared to analysts' expectations of $447.00 million. Equities research analysts forecast that DXP Enterprises, Inc. will post 4.07 EPS for the current year.

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).