Prudential Financial Inc. Increases Stock Position in DXP Enterprises, Inc. (NASDAQ:DXPE)

Prudential Financial Inc. grew its holdings in shares of DXP Enterprises, Inc. (NASDAQ:DXPE - Free Report) by 96.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 26,105 shares of the industrial products company's stock after acquiring an additional 12,800 shares during the quarter. Prudential Financial Inc. owned 0.17% of DXP Enterprises worth $2,157,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in 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. Quantbot Technologies LP acquired a new position in shares of DXP Enterprises during the third quarter worth $41,000. Smartleaf Asset Management LLC increased its holdings in shares of 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 worth $43,000 after buying an additional 504 shares in the last quarter. Longboard Asset Management LP bought a new position in shares of DXP Enterprises in the 4th quarter valued at $216,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of DXP Enterprises during the 4th quarter valued at $224,000. Institutional investors own 74.82% of the company's stock.

DXP Enterprises Trading Up 13.4 %

Shares of NASDAQ:DXPE traded up $9.65 during mid-day trading on Wednesday, reaching $81.45. 136,283 shares of the company's stock were exchanged, compared to its average volume of 159,448. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.78 and a current ratio of 2.22. DXP Enterprises, Inc. has a twelve month low of $43.25 and a twelve month high of $107.06. The firm has a market capitalization of $1.28 billion, a price-to-earnings ratio of 20.99 and a beta of 1.29. The business's fifty day moving average price is $88.26 and its 200-day moving average price is $77.95.

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

Analyst Ratings Changes

DXPE has been the subject of a number of recent research reports. Stephens upped their target price on DXP Enterprises from $75.00 to $95.00 and gave the stock an "overweight" rating in a report on Monday, March 10th. StockNews.com raised DXP Enterprises from a "hold" rating to a "buy" rating in a research note on Wednesday, April 2nd.

Insider Activity at DXP Enterprises

In other news, CMO Paz Maestas sold 4,328 shares of the firm's stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $89.04, for a total value of $385,365.12. Following the transaction, the chief marketing officer now owns 613,039 shares in the company, valued at $54,584,992.56. This trade represents a 0.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 transaction, the director now directly owns 45,925 shares in the company, valued at $4,121,768.75. This represents a 9.82 % 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 three months. Corporate 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).