Renaissance Technologies LLC Reduces Stock Holdings in DXP Enterprises, Inc. (NASDAQ:DXPE)

Renaissance Technologies LLC lessened its holdings in shares of DXP Enterprises, Inc. (NASDAQ:DXPE - Free Report) by 17.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 89,900 shares of the industrial products company's stock after selling 19,400 shares during the period. Renaissance Technologies LLC owned approximately 0.57% of DXP Enterprises worth $7,428,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Global Retirement Partners LLC grew its stake in shares of 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 during the period. Smartleaf Asset Management LLC grew 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 during the period. Longboard Asset Management LP acquired a new position in shares of DXP Enterprises in the fourth quarter worth about $216,000. Pictet Asset Management Holding SA acquired a new position in DXP Enterprises during the fourth quarter worth $218,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of DXP Enterprises in the fourth quarter valued at about $224,000. 74.82% of the stock is owned by institutional investors and hedge funds.

DXP Enterprises Trading Up 2.0 %

Shares of DXP Enterprises stock traded up $1.65 during trading hours on Thursday, hitting $82.55. The company's stock had a trading volume of 21,583 shares, compared to its average volume of 160,421. The firm has a fifty day moving average of $83.97 and a 200-day moving average of $79.65. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.78 and a current ratio of 2.22. The stock has a market cap of $1.30 billion, a price-to-earnings ratio of 21.27 and a beta of 1.29. DXP Enterprises, Inc. has a twelve month low of $43.25 and a twelve month high of $107.06.

DXP Enterprises (NASDAQ:DXPE - Get Free Report) last posted its earnings results 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. DXP Enterprises had a return on equity of 18.74% and a net margin of 3.75%. The firm had revenue of $470.91 million for the quarter, compared to analyst estimates of $447.00 million. Research analysts forecast that DXP Enterprises, Inc. will post 4.07 EPS for the current year.

Insiders Place Their Bets

In related news, CFO Kent Nee Hung Yee sold 3,457 shares of the company's stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of $88.43, for a total value of $305,702.51. Following the completion of the sale, the chief financial officer now owns 68,849 shares in the company, valued at $6,088,317.07. This represents a 4.78 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO David R. Little bought 5,999 shares of DXP Enterprises stock in a transaction dated 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 completion of the acquisition, the chief executive officer now directly owns 1,257,593 shares of the company's stock, valued at approximately $104,002,941.10. The trade was a 0.48 % increase in their position. The disclosure for this purchase can be found here. Insiders sold 12,785 shares of company stock valued at $1,139,818 in the last ninety days. Insiders own 22.40% of the company's stock.

Analyst Ratings Changes

DXPE has been the subject of several recent research reports. StockNews.com raised DXP Enterprises from a "hold" rating to a "buy" rating in a report on Friday, April 18th. Stephens lifted their price target on DXP Enterprises from $75.00 to $95.00 and gave the stock an "overweight" rating in a report on Monday, March 10th.

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).