Barclays PLC increased its holdings in shares of DXP Enterprises, Inc. (NASDAQ:DXPE - Free Report) by 355.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (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 approximately 0.15% of DXP Enterprises worth $1,267,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. Quest Partners LLC grew its position in DXP Enterprises by 24.8% in the second quarter. Quest Partners LLC now owns 2,109 shares of the industrial products company's stock valued at $97,000 after purchasing an additional 419 shares in the last quarter. Jane Street Group LLC grew 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. Quantbot Technologies LP acquired a new stake in shares of DXP Enterprises in the third quarter valued at about $41,000. Federated Hermes Inc. raised its holdings in DXP Enterprises by 8.8% during the second quarter. Federated Hermes Inc. now owns 10,962 shares of the industrial products company's stock worth $502,000 after acquiring an additional 888 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in DXP Enterprises by 39.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,113 shares of the industrial products company's stock valued at $189,000 after purchasing an additional 1,174 shares during the last quarter. 74.82% of the stock is currently owned by institutional investors and hedge funds.
DXP Enterprises Stock Performance
NASDAQ:DXPE traded down $0.22 during mid-day trading on Monday, hitting $82.08. The stock had a trading volume of 203,364 shares, compared to its average volume of 118,489. DXP Enterprises, Inc. has a twelve month low of $30.08 and a twelve month high of $83.50. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.78 and a current ratio of 2.22. The stock has a market cap of $1.29 billion, a price-to-earnings ratio of 21.15 and a beta of 1.70. The company's 50 day simple moving average is $69.65 and its 200 day simple moving average is $57.02.
DXP Enterprises (NASDAQ:DXPE - Get Free Report) last released its quarterly earnings data on Monday, November 4th. The industrial products company reported $1.43 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 period in the previous year, the business earned $0.93 earnings per share. On average, equities research analysts forecast that DXP Enterprises, Inc. will post 4.07 earnings per share for the current year.
Insiders Place Their Bets
In other news, insider Christopher T. Gregory sold 1,000 shares of the business's stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $73.10, for a total transaction of $73,100.00. Following the completion of the sale, the insider now owns 29,606 shares in the company, valued at $2,164,198.60. The trade was a 3.27 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 22.40% of the company's stock.
Wall Street Analyst Weigh In
Several research analysts have weighed in on DXPE shares. StockNews.com lowered DXP Enterprises from a "buy" rating to a "hold" rating in a research report on Friday, December 20th. Stephens boosted their target price on shares of DXP Enterprises from $65.00 to $75.00 and gave the stock an "overweight" rating in a report on Thursday, November 7th.
View Our Latest Stock Analysis on DXP Enterprises
DXP Enterprises Profile
(
Free Report)
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).
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