Centiva Capital LP acquired a new stake in DXP Enterprises, Inc. (NASDAQ:DXPE - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,714 shares of the industrial products company's stock, valued at approximately $307,000.
Several other large investors also recently modified their holdings of the stock. Barclays PLC grew its stake in DXP Enterprises by 355.4% during the third quarter. Barclays PLC now owns 23,723 shares of the industrial products company's stock worth $1,267,000 after buying an additional 18,514 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in 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 bought a new position in DXP Enterprises in the 4th quarter valued at approximately $216,000. Savant Capital LLC bought a new position in DXP Enterprises in the 4th quarter valued at approximately $230,000. Finally, Avidian Wealth Enterprises LLC bought a new position in DXP Enterprises in the 4th quarter valued at approximately $371,000. 74.82% of the stock is owned by institutional investors.
DXP Enterprises Trading Up 2.9%
NASDAQ:DXPE opened at $87.18 on Tuesday. DXP Enterprises, Inc. has a one year low of $43.25 and a one year high of $107.06. The company has a market cap of $1.37 billion, a PE ratio of 22.47 and a beta of 1.26. The firm has a 50-day moving average of $83.03 and a 200-day moving average of $83.34. The company has a debt-to-equity ratio of 1.29, a current ratio of 2.22 and a quick ratio of 1.78.
DXP Enterprises (NASDAQ:DXPE - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $1.26 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.06. The business had revenue of $476.57 million for the quarter, compared to analysts' expectations of $477.00 million. DXP Enterprises had a net margin of 3.75% and a return on equity of 18.74%. As a group, equities research analysts expect that DXP Enterprises, Inc. will post 4.07 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
A number of research analysts have recently issued reports on DXPE shares. StockNews.com upgraded shares of DXP Enterprises from a "hold" rating to a "buy" rating in a research report on Thursday, May 8th. Stephens lifted their price target on shares of DXP Enterprises from $75.00 to $95.00 and gave the company an "overweight" rating in a research note on Monday, March 10th.
View Our Latest Research Report on DXPE
Insider Buying and Selling at DXP Enterprises
In related news, Director Timothy P. Halter sold 5,000 shares of the company's stock in a transaction that occurred 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 directly owns 45,925 shares in the company, valued at approximately $4,121,768.75. This represents a 9.82% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CMO Paz Maestas sold 4,328 shares of the company's stock in a transaction that occurred on 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 owns 613,039 shares in the company, valued at $54,584,992.56. The trade was a 0.70% decrease in their ownership of the stock. 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 three months. 22.70% of the stock is currently owned by insiders.
About DXP Enterprises
(
Free Report)
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).
Further Reading
Want to see what other hedge funds are holding DXPE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for DXP Enterprises, Inc. (NASDAQ:DXPE - Free Report).
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