Pacer Advisors Inc. Grows Position in DXP Enterprises, Inc. (NASDAQ:DXPE)

Pacer Advisors Inc. increased its holdings in shares of DXP Enterprises, Inc. (NASDAQ:DXPE - Free Report) by 4.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 744,587 shares of the industrial products company's stock after purchasing an additional 29,131 shares during the period. Pacer Advisors Inc. owned approximately 4.72% of DXP Enterprises worth $39,731,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in DXPE. Innealta Capital LLC bought a new position in shares of DXP Enterprises during the 2nd quarter worth about $29,000. Quest Partners LLC boosted its holdings in DXP Enterprises by 24.8% in the second quarter. Quest Partners LLC now owns 2,109 shares of the industrial products company's stock worth $97,000 after acquiring an additional 419 shares in the last quarter. SG Americas Securities LLC acquired a new stake in DXP Enterprises in the third quarter valued at approximately $197,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in DXP Enterprises by 39.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,113 shares of the industrial products company's stock valued at $189,000 after acquiring an additional 1,174 shares during the period. Finally, Privium Fund Management UK Ltd bought a new stake in shares of DXP Enterprises during the second quarter valued at approximately $209,000. 74.82% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Stephens increased their target price on DXP Enterprises from $65.00 to $75.00 and gave the stock an "overweight" rating in a report on Thursday, November 7th.

DXP Enterprises Stock Up 3.2 %

Shares of DXPE traded up $2.21 on Friday, reaching $71.33. The company's stock had a trading volume of 89,937 shares, compared to its average volume of 124,587. DXP Enterprises, Inc. has a twelve month low of $28.82 and a twelve month high of $73.75. The stock has a market capitalization of $1.12 billion, a PE ratio of 18.38 and a beta of 1.60. 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 firm has a fifty day moving average of $56.51 and a 200-day moving average of $51.90.

DXP Enterprises (NASDAQ:DXPE - Get Free Report) last issued its quarterly earnings data on Monday, November 4th. The industrial products company reported $1.43 EPS for the quarter, topping the consensus estimate of $0.95 by $0.48. DXP Enterprises had a return on equity of 18.74% and a net margin of 3.75%. The firm had revenue of $472.94 million during the quarter. During the same period last year, the company earned $0.93 earnings per share. Equities analysts predict that DXP Enterprises, Inc. will post 3.56 EPS for the current year.

Insiders Place Their Bets

In other DXP Enterprises news, CMO Paz Maestas sold 2,000 shares of DXP Enterprises stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $53.21, for a total transaction of $106,420.00. Following the transaction, the chief marketing officer now owns 617,367 shares of the company's stock, valued at $32,850,098.07. This trade represents a 0.32 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 22.40% of the company's stock.

DXP Enterprises Company 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).