6,000 Shares in DXP Enterprises, Inc. (NASDAQ:DXPE) Purchased by Versor Investments LP

Versor Investments LP acquired a new position in shares of DXP Enterprises, Inc. (NASDAQ:DXPE - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 6,000 shares of the industrial products company's stock, valued at approximately $496,000.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Principal Financial Group Inc. lifted its position in shares of DXP Enterprises by 0.3% during the third quarter. Principal Financial Group Inc. now owns 68,997 shares of the industrial products company's stock valued at $3,682,000 after buying an additional 178 shares during the last quarter. Global Retirement Partners LLC grew its holdings in DXP Enterprises by 2,220.0% in the fourth 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 last quarter. Jane Street Group LLC increased its position in shares of DXP Enterprises by 9.6% during the third quarter. Jane Street Group LLC now owns 5,915 shares of the industrial products company's stock worth $316,000 after purchasing an additional 517 shares in the last quarter. Quantbot Technologies LP purchased a new stake in shares of DXP Enterprises during the 3rd quarter valued at $41,000. Finally, Longboard Asset Management LP acquired a new stake in shares of DXP Enterprises in the 4th quarter worth $216,000. Institutional investors own 74.82% of the company's stock.

DXP Enterprises Stock Performance

Shares of NASDAQ DXPE traded up $1.45 during mid-day trading on Wednesday, hitting $83.27. The stock had a trading volume of 166,135 shares, compared to its average volume of 150,675. The company has a 50 day moving average of $94.53 and a two-hundred day moving average of $72.40. DXP Enterprises, Inc. has a twelve month low of $35.06 and a twelve month high of $107.06. 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 firm has a market cap of $1.31 billion, a PE ratio of 21.46 and a beta of 1.67.

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Wall Street Analyst Weigh In

Several brokerages recently issued reports on DXPE. StockNews.com lowered DXP Enterprises from a "buy" rating to a "hold" rating in a research report on Friday, December 20th. 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.

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).