Massar Capital Management LP Buys New Position in DXP Enterprises, Inc. (NASDAQ:DXPE)

Massar Capital Management LP bought a new position in shares of DXP Enterprises, Inc. (NASDAQ:DXPE - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 3,920 shares of the industrial products company's stock, valued at approximately $324,000.

Several other large investors also recently bought and sold shares of the company. Global Retirement Partners LLC increased its position in 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 in the last quarter. Smartleaf Asset Management LLC lifted its position in DXP Enterprises by 3,150.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 520 shares of the industrial products company's stock valued at $43,000 after buying an additional 504 shares in the last quarter. Hsbc Holdings PLC purchased a new stake in DXP Enterprises during the 4th quarter worth $208,000. Longboard Asset Management LP purchased a new stake in shares of DXP Enterprises in the fourth quarter worth about $216,000. Finally, Pictet Asset Management Holding SA acquired a new stake in DXP Enterprises during the 4th quarter valued at $218,000. Institutional investors and hedge funds own 74.82% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Stephens lifted their price target 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 raised shares of DXP Enterprises from a "hold" rating to a "buy" rating in a report on Friday, April 18th.

Insider Buying and Selling at DXP Enterprises

In other DXP Enterprises news, CEO David R. Little acquired 5,999 shares of the firm's stock in a transaction that occurred on Wednesday, March 26th. The stock was acquired at an average cost of $82.70 per share, with a total value of $496,117.30. Following the acquisition, the chief executive officer now directly owns 1,257,593 shares of the company's stock, valued at $104,002,941.10. This represents a 0.48 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CMO Paz Maestas sold 4,328 shares of the firm's stock in a transaction that occurred on 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 in the company, valued at approximately $54,584,992.56. This represents a 0.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,785 shares of company stock worth $1,139,818. 22.40% of the stock is owned by company insiders.

DXP Enterprises Stock Performance

DXPE traded up $0.40 during trading on Friday, reaching $85.40. 56,098 shares of the company were exchanged, compared to its average volume of 161,068. 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 cap of $1.34 billion, a P/E ratio of 22.01 and a beta of 1.29. DXP Enterprises, Inc. has a 52 week low of $43.25 and a 52 week high of $107.06. The firm has a 50 day moving average of $83.26 and a 200 day moving average of $80.10.

DXP Enterprises (NASDAQ:DXPE - Get Free Report) last released its quarterly earnings data on Thursday, March 6th. The industrial products company reported $1.38 earnings per share for the quarter, topping analysts' consensus estimates of $0.89 by $0.49. The business 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%. On average, sell-side analysts forecast that DXP Enterprises, Inc. will post 4.07 EPS for the current fiscal year.

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).