AQR Capital Management LLC Sells 3,594 Shares of DXP Enterprises, Inc. (NASDAQ:DXPE)

AQR Capital Management LLC reduced its holdings in shares of DXP Enterprises, Inc. (NASDAQ:DXPE - Free Report) by 6.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 50,078 shares of the industrial products company's stock after selling 3,594 shares during the quarter. AQR Capital Management LLC owned approximately 0.32% of DXP Enterprises worth $4,137,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Jane Street Group LLC boosted its stake 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 valued at $316,000 after purchasing an additional 517 shares in the last quarter. Barclays PLC raised its position in DXP Enterprises by 355.4% during the 3rd quarter. Barclays PLC now owns 23,723 shares of the industrial products company's stock worth $1,267,000 after purchasing an additional 18,514 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of 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 last quarter. Longboard Asset Management LP acquired a new stake in shares of DXP Enterprises in the fourth quarter valued at about $216,000. Finally, Savant Capital LLC bought a new position in shares of DXP Enterprises during the fourth quarter worth about $230,000. 74.82% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at DXP Enterprises

In other news, CEO David R. Little purchased 5,999 shares of the company's stock in a transaction that occurred on Wednesday, March 26th. The shares were bought at an average cost of $82.70 per share, for a total transaction of $496,117.30. Following the completion of the transaction, the chief executive officer now directly owns 1,257,593 shares of the company's stock, valued at $104,002,941.10. This trade represents a 0.48% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Timothy P. Halter sold 5,000 shares of the business's stock in a transaction on Monday, March 24th. The shares were sold at an average price of $89.75, for a total transaction of $448,750.00. Following the sale, the director now owns 45,925 shares in the company, valued at approximately $4,121,768.75. This trade represents a 9.82% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,785 shares of company stock worth $1,139,818. Company insiders own 22.70% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on DXPE. StockNews.com raised shares of DXP Enterprises from a "hold" rating to a "buy" rating in a research note on Thursday, May 8th. Stephens boosted their price target 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 DXPE stock traded up $2.70 during trading hours on Tuesday, hitting $89.88. 100,940 shares of the company were exchanged, compared to its average volume of 160,303. The company has a current ratio of 2.22, a quick ratio of 1.78 and a debt-to-equity ratio of 1.29. The stock has a market capitalization of $1.41 billion, a price-to-earnings ratio of 23.16 and a beta of 1.26. DXP Enterprises, Inc. has a 52-week low of $43.25 and a 52-week high of $107.06. The firm has a fifty day simple moving average of $83.03 and a 200 day simple moving average of $83.34.

DXP Enterprises (NASDAQ:DXPE - Get Free Report) last issued its earnings results on Wednesday, May 7th. The industrial products company reported $1.26 EPS for the quarter, topping the consensus estimate of $1.20 by $0.06. The business had revenue of $476.57 million during the quarter, compared to the consensus estimate of $477.00 million. DXP Enterprises had a return on equity of 18.74% and a net margin of 3.75%. Research analysts predict that DXP Enterprises, Inc. will post 4.07 earnings per share for the current fiscal year.

About DXP Enterprises

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).