Counterpoint Mutual Funds LLC acquired a new stake in DXP Enterprises, Inc. (NASDAQ:DXPE - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 6,187 shares of the industrial products company's stock, valued at approximately $511,000.
Other hedge funds and other institutional investors have also modified their holdings of the company. Pacer Advisors Inc. grew its stake in shares of DXP Enterprises by 4.1% in the third quarter. Pacer Advisors Inc. now owns 744,587 shares of the industrial products company's stock valued at $39,731,000 after buying an additional 29,131 shares in the last quarter. FMR LLC grew its position in shares of DXP Enterprises by 21.8% in the 3rd quarter. FMR LLC now owns 776,950 shares of the industrial products company's stock valued at $41,458,000 after acquiring an additional 139,027 shares during the period. Quantbot Technologies LP acquired a new position in shares of DXP Enterprises during the 3rd quarter worth about $41,000. De Lisle Partners LLP increased its stake in shares of DXP Enterprises by 96.7% during the 3rd quarter. De Lisle Partners LLP now owns 21,654 shares of the industrial products company's stock worth $1,157,000 after purchasing an additional 10,645 shares during the last quarter. Finally, 272 Capital LP bought a new stake in shares of DXP Enterprises in the 3rd quarter valued at about $1,380,000. Institutional investors and hedge funds own 74.82% of the company's stock.
Analyst Upgrades and Downgrades
DXPE has been the topic of a number of recent analyst reports. Stephens boosted their price target on DXP Enterprises from $75.00 to $95.00 and gave the stock an "overweight" rating in a research report on Monday, March 10th. StockNews.com raised DXP Enterprises from a "hold" rating to a "buy" rating in a report on Tuesday, March 11th.
Read Our Latest Research Report on DXPE
Insider Buying and Selling at DXP Enterprises
In other DXP Enterprises news, 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 value 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 $54,584,992.56. The trade was a 0.70 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 22.40% of the company's stock.
DXP Enterprises Stock Performance
Shares of DXPE stock traded down $0.73 during midday trading on Friday, hitting $87.01. 318,840 shares of the company were exchanged, compared to its average volume of 152,758. DXP Enterprises, Inc. has a 52 week low of $43.25 and a 52 week high of $107.06. The firm has a market capitalization of $1.37 billion, a P/E ratio of 22.43 and a beta of 1.66. The firm's 50 day moving average price is $94.48 and its two-hundred day moving average price is $74.63. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.78 and a current ratio of 2.22.
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, topping analysts' consensus estimates of $0.89 by $0.49. The company had revenue of $470.91 million during the quarter, compared to analysts' expectations of $447.00 million. DXP Enterprises had a return on equity of 18.74% and a net margin of 3.75%. As a group, equities research analysts anticipate that DXP Enterprises, Inc. will post 4.07 earnings per share for the current year.
About DXP Enterprises
(
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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