BNP Paribas Financial Markets Increases Stock Position in DXP Enterprises, Inc. (NASDAQ:DXPE)

BNP Paribas Financial Markets increased its holdings in shares of DXP Enterprises, Inc. (NASDAQ:DXPE - Free Report) by 193.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,760 shares of the industrial products company's stock after purchasing an additional 22,270 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.22% of DXP Enterprises worth $2,789,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in DXPE. Global Retirement Partners LLC increased its position in DXP Enterprises by 2,220.0% during the fourth quarter. Global Retirement Partners LLC now owns 348 shares of the industrial products company's stock valued at $29,000 after acquiring an additional 333 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in shares of DXP Enterprises by 3,150.0% during the 4th 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. Hsbc Holdings PLC bought a new stake in shares of DXP Enterprises in the 4th quarter valued at about $208,000. Longboard Asset Management LP purchased a new position in DXP Enterprises in the fourth quarter worth $216,000. Finally, Pictet Asset Management Holding SA purchased a new position in DXP Enterprises during the 4th quarter worth $218,000. 74.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DXPE has been the subject of a number of research reports. StockNews.com cut DXP Enterprises from a "buy" rating to a "hold" rating in a research report on Friday, May 16th. Stephens raised their price objective on DXP Enterprises from $75.00 to $95.00 and gave the company an "overweight" rating in a report on Monday, March 10th.

DXP Enterprises Stock Down 0.9%

DXPE traded down $0.76 on Wednesday, hitting $86.98. 4,717 shares of the company were exchanged, compared to its average volume of 158,997. DXP Enterprises, Inc. has a twelve month low of $43.25 and a twelve month high of $107.06. The firm has a 50-day moving average price of $83.94 and a two-hundred day moving average price of $84.73. 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 company has a market cap of $1.37 billion, a price-to-earnings ratio of 22.44 and a beta of 1.26.

DXP Enterprises (NASDAQ:DXPE - Get Free Report) last announced its quarterly 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 firm had revenue of $476.57 million for the quarter, compared to analyst estimates of $477.00 million. DXP Enterprises had a net margin of 3.75% and a return on equity of 18.74%. On average, equities analysts predict that DXP Enterprises, Inc. will post 4.07 earnings per share for the current year.

Insider Activity

In other news, CMO Paz Maestas sold 4,328 shares of the firm's stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $89.04, for a total value of $385,365.12. Following the completion of the sale, the chief marketing officer now directly owns 613,039 shares of the company's stock, valued at $54,584,992.56. This trade represents a 0.70% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Kent Nee Hung Yee sold 3,457 shares of the business's stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $88.43, for a total transaction of $305,702.51. Following the sale, the chief financial officer now directly owns 68,849 shares in the company, valued at approximately $6,088,317.07. This represents a 4.78% 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 valued at $1,139,818 over the last quarter. Corporate insiders own 22.40% of the company's stock.

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).