Algert Global LLC Acquires New Position in DXP Enterprises, Inc. (NASDAQ:DXPE)

Algert Global LLC bought a new stake in shares of DXP Enterprises, Inc. (NASDAQ:DXPE - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 10,975 shares of the industrial products company's stock, valued at approximately $907,000. Algert Global LLC owned about 0.07% of DXP Enterprises as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Sterling Capital Management LLC raised its holdings in shares of DXP Enterprises by 4.4% in the fourth quarter. Sterling Capital Management LLC now owns 7,656 shares of the industrial products company's stock worth $633,000 after buying an additional 326 shares during the last quarter. Global Retirement Partners LLC raised its holdings in shares of 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 buying an additional 333 shares during the last quarter. Federated Hermes Inc. raised its holdings in shares of DXP Enterprises by 4.7% in the fourth quarter. Federated Hermes Inc. now owns 11,220 shares of the industrial products company's stock worth $927,000 after buying an additional 502 shares during the last quarter. Smartleaf Asset Management LLC raised 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 purchasing an additional 504 shares during the last quarter. Finally, MetLife Investment Management LLC raised its holdings in shares of DXP Enterprises by 7.5% during the fourth quarter. MetLife Investment Management LLC now owns 7,737 shares of the industrial products company's stock worth $639,000 after purchasing an additional 541 shares during the last quarter. Hedge funds and other institutional investors own 74.82% of the company's stock.

Insider Activity

In other DXP Enterprises news, CEO David R. Little acquired 5,999 shares of the company's stock in a transaction that occurred on Wednesday, March 26th. The stock was bought at an average price of $82.70 per share, with a total value of $496,117.30. Following the purchase, the chief executive officer now owns 1,257,593 shares in the company, valued at approximately $104,002,941.10. The trade was a 0.48% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CMO Paz Maestas sold 4,328 shares of the company's stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $89.04, for a total transaction of $385,365.12. Following the sale, the chief marketing officer now directly owns 613,039 shares of the company's stock, valued at approximately $54,584,992.56. This represents a 0.70% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,785 shares of company stock worth $1,139,818 over the last 90 days. 22.70% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

DXPE has been the subject of several recent research reports. StockNews.com raised shares of DXP Enterprises from a "hold" rating to a "buy" rating in a report on Thursday, May 8th. Stephens raised their target price on shares of DXP Enterprises from $75.00 to $95.00 and gave the stock an "overweight" rating in a report on Monday, March 10th.

DXP Enterprises Stock Performance

Shares of DXP Enterprises stock traded up $2.70 during trading on Tuesday, hitting $89.88. 100,940 shares of the company's stock were exchanged, compared to its average volume of 160,303. The stock has a market capitalization of $1.41 billion, a price-to-earnings ratio of 23.16 and a beta of 1.26. 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 business has a 50-day simple moving average of $83.03 and a 200-day simple moving average of $83.34. 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 Wednesday, May 7th. The industrial products company reported $1.26 EPS for the quarter, beating the consensus estimate of $1.20 by $0.06. DXP Enterprises had a net margin of 3.75% and a return on equity of 18.74%. The company had revenue of $476.57 million for the quarter, compared to analyst estimates of $477.00 million. On average, research analysts forecast that DXP Enterprises, Inc. will post 4.07 EPS for the current year.

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).