Rhumbline Advisers lowered its stake in shares of DXP Enterprises, Inc. (NASDAQ:DXPE - Free Report) by 7.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 44,243 shares of the industrial products company's stock after selling 3,588 shares during the period. Rhumbline Advisers owned 0.28% of DXP Enterprises worth $3,655,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of DXPE. Avidian Wealth Enterprises LLC purchased a new position in shares of DXP Enterprises during the 4th quarter worth approximately $371,000. Savant Capital LLC purchased a new stake in DXP Enterprises during the fourth quarter worth about $230,000. Longboard Asset Management LP purchased a new position in shares of DXP Enterprises in the fourth quarter valued at approximately $216,000. CWA Asset Management Group LLC lifted its holdings in DXP Enterprises by 20.9% during the 4th quarter. CWA Asset Management Group LLC now owns 25,070 shares of the industrial products company's stock worth $2,071,000 after buying an additional 4,329 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in DXP Enterprises by 193.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 98,044 shares of the industrial products company's stock valued at $5,232,000 after buying an additional 64,611 shares during the period. Hedge funds and other institutional investors own 74.82% of the company's stock.
Analyst Ratings Changes
DXPE has been the topic of a number of recent analyst reports. Stephens increased their price objective on shares of DXP Enterprises from $65.00 to $75.00 and gave the company an "overweight" rating in a research report on Thursday, November 7th. StockNews.com downgraded DXP Enterprises from a "buy" rating to a "hold" rating in a report on Friday, December 20th.
Check Out Our Latest Research Report on DXP Enterprises
DXP Enterprises Price Performance
DXPE stock traded down $2.85 during midday trading on Tuesday, hitting $83.52. 141,886 shares of the stock were exchanged, compared to its average volume of 266,570. The stock has a market cap of $1.31 billion, a price-to-earnings ratio of 21.54 and a beta of 1.67. 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 fifty-two week low of $35.06 and a fifty-two week high of $107.06. The stock's 50-day moving average price is $94.50 and its 200-day moving average price is $72.09.
About DXP Enterprises
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Free Report)
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).
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