JPMorgan Chase & Co. lifted its stake in DXP Enterprises, Inc. (NASDAQ:DXPE - Free Report) by 193.3% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 98,044 shares of the industrial products company's stock after purchasing an additional 64,611 shares during the quarter. JPMorgan Chase & Co. owned 0.62% of DXP Enterprises worth $5,232,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also recently bought and sold shares of the company. Quantbot Technologies LP acquired a new stake in DXP Enterprises during the 3rd quarter valued at $41,000. SG Americas Securities LLC purchased a new position in shares of DXP Enterprises during the third quarter valued at $197,000. Jane Street Group LLC raised its position in DXP Enterprises by 9.6% during the third quarter. Jane Street Group LLC now owns 5,915 shares of the industrial products company's stock valued at $316,000 after buying an additional 517 shares during the period. Federated Hermes Inc. lifted its stake in DXP Enterprises by 8.8% in the 2nd quarter. Federated Hermes Inc. now owns 10,962 shares of the industrial products company's stock worth $502,000 after acquiring an additional 888 shares in the last quarter. Finally, CWA Asset Management Group LLC acquired a new stake in DXP Enterprises during the 3rd quarter worth about $1,107,000. Hedge funds and other institutional investors own 74.82% of the company's stock.
DXP Enterprises Stock Up 3.3 %
DXPE stock traded up $3.27 during mid-day trading on Friday, hitting $102.67. The stock had a trading volume of 873,112 shares, compared to its average volume of 375,383. DXP Enterprises, Inc. has a 1-year low of $31.10 and a 1-year high of $103.61. The company has a fifty day moving average of $79.30 and a 200 day moving average of $61.03. The company has a current ratio of 2.22, a quick ratio of 1.78 and a debt-to-equity ratio of 1.29. The stock has a market capitalization of $1.61 billion, a price-to-earnings ratio of 26.46 and a beta of 1.67.
DXP Enterprises (NASDAQ:DXPE - Get Free Report) last released its quarterly earnings data on Monday, November 4th. The industrial products company reported $1.43 EPS for the quarter, topping analysts' consensus estimates of $0.95 by $0.48. The firm had revenue of $472.94 million for the quarter. DXP Enterprises had a return on equity of 18.74% and a net margin of 3.75%. During the same quarter in the prior year, the company posted $0.93 EPS. On average, equities analysts expect that DXP Enterprises, Inc. will post 4.07 EPS for the current fiscal year.
Insider Transactions at DXP Enterprises
In other DXP Enterprises news, insider Christopher T. Gregory sold 1,000 shares of the company's stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $73.10, for a total transaction of $73,100.00. Following the completion of the sale, the insider now owns 29,606 shares of the company's stock, valued at $2,164,198.60. This represents a 3.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 22.40% of the stock is currently owned by company insiders.
Analysts Set New Price Targets
A number of equities analysts have recently weighed in on DXPE shares. StockNews.com downgraded DXP Enterprises from a "buy" rating to a "hold" rating in a report on Friday, December 20th. Stephens increased their target price on shares of DXP Enterprises from $65.00 to $75.00 and gave the stock an "overweight" rating in a research report on Thursday, November 7th.
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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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