Harvest Fund Management Co. Ltd Takes Position in DXP Enterprises, Inc. (NASDAQ:DXPE)

Harvest Fund Management Co. Ltd purchased a new position in shares of DXP Enterprises, Inc. (NASDAQ:DXPE - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 5,734 shares of the industrial products company's stock, valued at approximately $471,000.

Other large investors also recently bought and sold shares of the company. Global Retirement Partners LLC boosted its holdings in shares of DXP Enterprises by 2,220.0% during the 4th quarter. Global Retirement Partners LLC now owns 348 shares of the industrial products company's stock worth $29,000 after purchasing an additional 333 shares during the last quarter. Quantbot Technologies LP purchased a new stake in DXP Enterprises in the 3rd quarter valued at $41,000. Smartleaf Asset Management LLC increased its stake in shares of DXP Enterprises by 3,150.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 520 shares of the industrial products company's stock worth $43,000 after acquiring an additional 504 shares during the last quarter. Longboard Asset Management LP purchased a new position in shares of DXP Enterprises during the 4th quarter worth $216,000. Finally, Savant Capital LLC acquired a new position in shares of DXP Enterprises during the 4th quarter valued at about $230,000. Hedge funds and other institutional investors own 74.82% of the company's stock.

DXP Enterprises Trading Down 3.0 %

Shares of DXP Enterprises stock traded down $2.68 during trading hours on Wednesday, hitting $85.72. The company's stock had a trading volume of 93,236 shares, compared to its average volume of 152,990. The stock has a market cap of $1.35 billion, a price-to-earnings ratio of 22.09 and a beta of 1.66. 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, Inc. has a twelve month low of $43.25 and a twelve month high of $107.06. The firm has a fifty day moving average of $94.21 and a 200-day moving average of $75.70.

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DXP Enterprises (NASDAQ:DXPE - Get Free Report) last posted its earnings results on Thursday, March 6th. The industrial products company reported $1.38 EPS for the quarter, beating analysts' consensus estimates of $0.89 by $0.49. The company had revenue of $470.91 million for the quarter, compared to analysts' expectations of $447.00 million. DXP Enterprises had a net margin of 3.75% and a return on equity of 18.74%. Research analysts forecast that DXP Enterprises, Inc. will post 4.07 EPS for the current year.

Insider Activity at DXP Enterprises

In related news, CMO Paz Maestas sold 4,328 shares of the firm's stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $89.04, for a total transaction of $385,365.12. Following the completion of the transaction, the chief marketing officer now directly owns 613,039 shares in the company, valued at $54,584,992.56. This trade represents a 0.70 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 22.40% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have commented on DXPE shares. Stephens lifted their target price on shares of DXP Enterprises from $75.00 to $95.00 and gave the stock an "overweight" rating in a research note on Monday, March 10th. StockNews.com downgraded shares of DXP Enterprises from a "buy" rating to a "hold" rating in a report on Tuesday.

DXP Enterprises 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).