Barclays PLC Boosts Stake in DXP Enterprises, Inc. (NASDAQ:DXPE)

Barclays PLC increased its stake in shares of DXP Enterprises, Inc. (NASDAQ:DXPE - Free Report) by 355.4% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 23,723 shares of the industrial products company's stock after purchasing an additional 18,514 shares during the period. Barclays PLC owned 0.15% of DXP Enterprises worth $1,267,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Quantbot Technologies LP bought a new position in shares of DXP Enterprises in the third quarter worth $41,000. Quest Partners LLC increased its stake in DXP Enterprises by 24.8% in the 2nd quarter. Quest Partners LLC now owns 2,109 shares of the industrial products company's stock worth $97,000 after acquiring an additional 419 shares during the last quarter. SG Americas Securities LLC bought a new position in DXP Enterprises in the 3rd quarter worth about $197,000. Jane Street Group LLC raised its holdings in shares of DXP Enterprises by 9.6% in the 3rd quarter. Jane Street Group LLC now owns 5,915 shares of the industrial products company's stock valued at $316,000 after acquiring an additional 517 shares in the last quarter. Finally, WINTON GROUP Ltd bought a new stake in shares of DXP Enterprises during the 2nd quarter valued at about $437,000. Institutional investors own 74.82% of the company's stock.

Insider Transactions at DXP Enterprises

In other news, insider Christopher T. Gregory sold 1,000 shares of DXP Enterprises stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $73.10, for a total value of $73,100.00. Following the sale, the insider now directly owns 29,606 shares in the company, valued at approximately $2,164,198.60. This trade represents a 3.27 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 22.40% of the company's stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. StockNews.com cut shares of DXP Enterprises from a "buy" rating to a "hold" rating in a research report on Friday, December 20th. Stephens raised their price objective on shares of DXP Enterprises from $65.00 to $75.00 and gave the company an "overweight" rating in a research report on Thursday, November 7th.

DXP Enterprises Trading Up 5.2 %

DXP Enterprises stock traded up $4.79 during mid-day trading on Tuesday, hitting $96.17. The company's stock had a trading volume of 349,645 shares, compared to its average volume of 307,768. The business has a 50 day moving average price of $76.77 and a 200-day moving average price of $59.73. DXP Enterprises, Inc. has a 12 month low of $30.08 and a 12 month high of $97.09. The stock has a market cap of $1.51 billion, a price-to-earnings ratio of 24.79 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.

DXP Enterprises (NASDAQ:DXPE - Get Free Report) last issued its earnings results on Monday, November 4th. The industrial products company reported $1.43 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.48. The company had revenue of $472.94 million during the quarter. DXP Enterprises had a return on equity of 18.74% and a net margin of 3.75%. During the same quarter in the prior year, the company earned $0.93 earnings per share. As a group, 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).