Trexquant Investment LP Makes New Investment in DXP Enterprises, Inc. (NASDAQ:DXPE)

Trexquant Investment LP purchased a new position in DXP Enterprises, Inc. (NASDAQ:DXPE - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 19,896 shares of the industrial products company's stock, valued at approximately $1,644,000. Trexquant Investment LP owned about 0.13% of DXP Enterprises at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Wellington Management Group LLP bought a new position in shares of DXP Enterprises during the 4th quarter valued at about $67,901,000. Arrowstreet Capital Limited Partnership raised its position in DXP Enterprises by 2,589.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 149,349 shares of the industrial products company's stock worth $12,339,000 after purchasing an additional 143,795 shares during the period. JPMorgan Chase & Co. lifted its stake in DXP Enterprises by 193.3% in the third 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. 272 Capital LP purchased a new stake in DXP Enterprises during the third quarter valued at about $1,380,000. Finally, Barclays PLC grew its stake in shares of DXP Enterprises by 355.4% during the third quarter. Barclays PLC now owns 23,723 shares of the industrial products company's stock valued at $1,267,000 after buying an additional 18,514 shares during the last quarter. Hedge funds and other institutional investors own 74.82% of the company's stock.

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DXP Enterprises Trading Up 1.0 %

Shares of DXPE stock traded up $0.78 during mid-day trading on Tuesday, reaching $80.35. The stock had a trading volume of 16,120 shares, compared to its average volume of 158,861. The firm has a market capitalization of $1.26 billion, a PE ratio of 20.71 and a beta of 1.29. The stock's 50-day moving average price is $86.99 and its two-hundred day moving average price is $78.69. The company has a current ratio of 2.22, a quick ratio of 1.78 and a debt-to-equity ratio of 1.29. DXP Enterprises, Inc. has a 52-week low of $43.25 and a 52-week high of $107.06.

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

Wall Street Analysts Forecast Growth

DXPE has been the subject of several analyst reports. StockNews.com cut DXP Enterprises from a "buy" rating to a "hold" rating in a report on Thursday, April 10th. Stephens increased their price objective on DXP Enterprises from $75.00 to $95.00 and gave the company an "overweight" rating in a research note on Monday, March 10th.

Insider Buying and Selling

In other DXP Enterprises news, Director Timothy P. Halter sold 5,000 shares of the company's stock in a transaction that occurred 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 owns 45,925 shares in the company, valued at approximately $4,121,768.75. This represents a 9.82 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO David R. Little bought 5,999 shares of the firm's stock in a transaction dated Wednesday, March 26th. The stock was purchased at an average cost of $82.70 per share, with a total value of $496,117.30. Following the transaction, the chief executive officer now directly owns 1,257,593 shares in the company, valued at approximately $104,002,941.10. This represents 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 over the last quarter. 22.40% of the stock is owned by company insiders.

DXP Enterprises 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).