Norges Bank Takes $669,000 Position in DXP Enterprises, Inc. (NASDAQ:DXPE)

Norges Bank bought a new stake in shares of DXP Enterprises, Inc. (NASDAQ:DXPE - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 8,100 shares of the industrial products company's stock, valued at approximately $669,000. Norges Bank owned 0.05% of DXP Enterprises at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the stock. Jane Street Group LLC lifted its position 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 during the period. Barclays PLC grew its holdings in DXP Enterprises by 355.4% during the third quarter. Barclays PLC now owns 23,723 shares of the industrial products company's stock worth $1,267,000 after acquiring an additional 18,514 shares during the period. 272 Capital LP bought a new stake in DXP Enterprises in the third quarter worth about $1,380,000. Principal Financial Group Inc. boosted its position in shares of 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 purchasing an additional 178 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of 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 during the last quarter. 74.82% of the stock is owned by institutional investors and hedge funds.

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DXP Enterprises Trading Up 0.9 %

NASDAQ DXPE traded up $0.75 on Tuesday, hitting $80.32. 104,942 shares of the stock were exchanged, compared to its average volume of 159,210. The company's 50-day moving average price is $86.99 and its two-hundred day moving average price is $78.69. The company has a market capitalization of $1.26 billion, a price-to-earnings ratio of 20.70 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 company has a debt-to-equity ratio of 1.29, a current ratio of 2.22 and a quick ratio of 1.78.

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

Insider Buying and Selling at DXP Enterprises

In related news, Director Timothy P. Halter sold 5,000 shares of DXP Enterprises stock in a transaction on Monday, March 24th. The stock was sold at an average price of $89.75, for a total transaction of $448,750.00. Following the completion of the sale, the director now owns 45,925 shares of the company's stock, valued at approximately $4,121,768.75. This trade represents a 9.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO David R. Little purchased 5,999 shares of DXP Enterprises stock in a transaction dated Wednesday, March 26th. The shares were purchased at an average price of $82.70 per share, with a total value of $496,117.30. Following the completion of the acquisition, the chief executive officer now owns 1,257,593 shares in the company, valued at $104,002,941.10. The trade was a 0.48 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 12,785 shares of company stock worth $1,139,818. 22.40% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms have issued reports on DXPE. 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 report on Monday, March 10th. StockNews.com cut DXP Enterprises from a "buy" rating to a "hold" rating in a research note on Thursday, April 10th.

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).