Intech Investment Management LLC purchased a new position in DXP Enterprises, Inc. (NASDAQ:DXPE - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 5,406 shares of the industrial products company's stock, valued at approximately $447,000.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. FMR LLC lifted its holdings in shares of DXP Enterprises by 21.8% in the third quarter. FMR LLC now owns 776,950 shares of the industrial products company's stock worth $41,458,000 after buying an additional 139,027 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in DXP Enterprises by 193.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 98,044 shares of the industrial products company's stock worth $5,232,000 after purchasing an additional 64,611 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in shares of DXP Enterprises by 3.6% during the 4th quarter. Principal Financial Group Inc. now owns 71,501 shares of the industrial products company's stock valued at $5,907,000 after purchasing an additional 2,504 shares during the last quarter. Hotchkis & Wiley Capital Management LLC purchased a new position in shares of DXP Enterprises during the third quarter valued at about $3,355,000. Finally, Globeflex Capital L P increased its holdings in shares of DXP Enterprises by 14.5% in the fourth quarter. Globeflex Capital L P now owns 54,786 shares of the industrial products company's stock worth $4,526,000 after purchasing an additional 6,923 shares during the last quarter. 74.82% of the stock is currently owned by institutional investors.
DXP Enterprises Price Performance
Shares of NASDAQ:DXPE traded down $2.78 on Thursday, reaching $82.93. The company's stock had a trading volume of 82,747 shares, compared to its average volume of 153,062. The company has a 50-day simple moving average of $93.62 and a 200 day simple moving average of $75.82. DXP Enterprises, Inc. has a 52-week low of $43.25 and a 52-week high of $107.06. 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 company has a market cap of $1.30 billion, a P/E ratio of 21.37 and a beta of 1.66.
DXP Enterprises (NASDAQ:DXPE - Get Free Report) last announced its quarterly 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. DXP Enterprises had a net margin of 3.75% and a return on equity of 18.74%. The firm had revenue of $470.91 million during the quarter, compared to the consensus estimate of $447.00 million. As a group, equities research analysts anticipate that DXP Enterprises, Inc. will post 4.07 EPS for the current fiscal year.
Insider Activity
In related news, CEO David R. Little purchased 5,999 shares of the stock in a transaction that occurred on Wednesday, March 26th. The stock was bought at an average cost of $82.70 per share, for a total transaction of $496,117.30. Following the completion of the transaction, the chief executive officer now directly owns 1,257,593 shares in the company, valued at $104,002,941.10. This represents a 0.48 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Kent Nee Hung Yee sold 3,457 shares of DXP Enterprises stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of $88.43, for a total transaction of $305,702.51. Following the transaction, the chief financial officer now directly owns 68,849 shares of the company's stock, valued at $6,088,317.07. The trade was a 4.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,785 shares of company stock valued at $1,139,818 in the last ninety days. Insiders own 22.40% of the company's stock.
Analysts Set New Price Targets
A number of equities analysts recently commented on the company. Stephens increased their price target on DXP Enterprises from $75.00 to $95.00 and gave the company an "overweight" rating in a research note on Monday, March 10th. StockNews.com downgraded DXP Enterprises from a "buy" rating to a "hold" rating in a research report on Tuesday.
Check Out Our Latest Report on DXPE
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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