Globeflex Capital L P Raises Stake in DXP Enterprises, Inc. (NASDAQ:DXPE)

Globeflex Capital L P lifted its position in shares of DXP Enterprises, Inc. (NASDAQ:DXPE - Free Report) by 14.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 54,786 shares of the industrial products company's stock after buying an additional 6,923 shares during the quarter. Globeflex Capital L P owned approximately 0.35% of DXP Enterprises worth $4,526,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Principal Financial Group Inc. boosted its position in DXP Enterprises by 0.3% during the 3rd quarter. Principal Financial Group Inc. now owns 68,997 shares of the industrial products company's stock valued at $3,682,000 after acquiring an additional 178 shares in the last quarter. Global Retirement Partners LLC boosted its position in DXP Enterprises by 2,220.0% during the fourth quarter. Global Retirement Partners LLC now owns 348 shares of the industrial products company's stock valued at $29,000 after purchasing an additional 333 shares in the last quarter. Smartleaf Asset Management LLC grew its stake 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 purchasing an additional 504 shares during the last quarter. Jane Street Group LLC raised its holdings in DXP Enterprises by 9.6% in the third quarter. Jane Street Group LLC now owns 5,915 shares of the industrial products company's stock worth $316,000 after purchasing an additional 517 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new stake in shares of DXP Enterprises during the third quarter valued at about $41,000. Hedge funds and other institutional investors own 74.82% of the company's stock.

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Analysts Set New Price Targets

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

DXP Enterprises Stock Up 4.5 %

NASDAQ DXPE traded up $3.83 during trading on Wednesday, hitting $88.97. The company's stock had a trading volume of 122,593 shares, compared to its average volume of 151,750. DXP Enterprises, Inc. has a fifty-two week low of $43.25 and a fifty-two week high of $107.06. 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 company has a market cap of $1.40 billion, a PE ratio of 22.93 and a beta of 1.66. The business's 50 day simple moving average is $94.33 and its 200-day simple moving average is $74.44.

DXP Enterprises (NASDAQ:DXPE - Get Free Report) last released its earnings results on Thursday, March 6th. The industrial products company reported $1.38 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.49. The company had revenue of $470.91 million for the quarter, compared to the consensus estimate of $447.00 million. DXP Enterprises had a net margin of 3.75% and a return on equity of 18.74%. On average, equities analysts anticipate that DXP Enterprises, Inc. will post 4.07 EPS for the current fiscal 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).