DXP Enterprises, Inc. (NASDAQ:DXPE) Shares Sold by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. reduced its stake in shares of DXP Enterprises, Inc. (NASDAQ:DXPE - Free Report) by 28.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,814 shares of the industrial products company's stock after selling 11,362 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 0.18% of DXP Enterprises worth $2,381,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. Raymond James Financial Inc. purchased a new position in DXP Enterprises in the fourth quarter valued at approximately $1,037,000. Smartleaf Asset Management LLC raised its holdings in DXP Enterprises by 3,150.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 520 shares of the industrial products company's stock valued at $43,000 after buying an additional 504 shares during the period. Metis Global Partners LLC purchased a new position in DXP Enterprises in the fourth quarter valued at approximately $252,000. Versor Investments LP purchased a new position in DXP Enterprises in the fourth quarter valued at approximately $496,000. Finally, Denali Advisors LLC purchased a new position in DXP Enterprises in the fourth quarter valued at approximately $1,020,000. Hedge funds and other institutional investors own 74.82% of the company's stock.

Insider Transactions at DXP Enterprises

In other news, CMO Paz Maestas sold 4,328 shares of the firm's stock in a transaction that occurred on 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 owns 613,039 shares of the company's stock, valued at approximately $54,584,992.56. This trade represents a 0.70 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 22.40% of the company's stock.

Remove Ads

DXP Enterprises Stock Down 0.8 %

NASDAQ:DXPE traded down $0.74 during trading hours on Friday, hitting $87.00. The stock had a trading volume of 318,840 shares, compared to its average volume of 153,009. The company has a current ratio of 2.22, a quick ratio of 1.78 and a debt-to-equity ratio of 1.29. DXP Enterprises, Inc. has a 1-year low of $43.25 and a 1-year high of $107.06. The business has a 50 day simple moving average of $94.40 and a two-hundred day simple moving average of $74.85. The company has a market cap of $1.37 billion, a PE ratio of 22.42 and a beta of 1.66.

DXP Enterprises (NASDAQ:DXPE - Get Free Report) last issued its quarterly earnings data on Thursday, March 6th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.49. DXP Enterprises had a net margin of 3.75% and a return on equity of 18.74%. The company had revenue of $470.91 million during the quarter, compared to the consensus estimate of $447.00 million. Analysts predict that DXP Enterprises, Inc. will post 4.07 EPS for the current year.

Analyst Ratings Changes

DXPE has been the topic of several research reports. Stephens raised their price target on shares of DXP Enterprises from $75.00 to $95.00 and gave the company an "overweight" rating in a report on Monday, March 10th. StockNews.com raised shares of DXP Enterprises from a "hold" rating to a "buy" rating in a research report on Tuesday, March 11th.

DXP Enterprises Company Profile

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).