Dimensional Fund Advisors LP Has $88.54 Million Holdings in DXP Enterprises, Inc. (NASDAQ:DXPE)

Dimensional Fund Advisors LP trimmed its stake in DXP Enterprises, Inc. (NASDAQ:DXPE - Free Report) by 2.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,071,689 shares of the industrial products company's stock after selling 30,042 shares during the period. Dimensional Fund Advisors LP owned about 6.83% of DXP Enterprises worth $88,543,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Global Retirement Partners LLC grew 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 worth $29,000 after buying an additional 333 shares in the last quarter. Smartleaf Asset Management LLC increased its position 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 valued at $43,000 after purchasing an additional 504 shares during the period. Longboard Asset Management LP acquired a new position in shares of DXP Enterprises in the fourth quarter valued at $216,000. Pictet Asset Management Holding SA bought a new position in DXP Enterprises in the fourth quarter worth $218,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in DXP Enterprises during the fourth quarter worth $224,000. Institutional investors own 74.82% of the company's stock.

DXP Enterprises Price Performance

DXPE stock traded up $3.04 during trading on Friday, hitting $92.02. The company had a trading volume of 103,387 shares, compared to its average volume of 161,538. 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 fifty day moving average price of $82.86 and a two-hundred day moving average price of $81.71. DXP Enterprises, Inc. has a fifty-two week low of $43.25 and a fifty-two week high of $107.06. The company has a market cap of $1.44 billion, a P/E ratio of 23.72 and a beta of 1.29.

DXP Enterprises (NASDAQ:DXPE - Get Free Report) last posted its earnings results on Thursday, March 6th. The industrial products company reported $1.38 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.49. DXP Enterprises had a net margin of 3.75% and a return on equity of 18.74%. The business had revenue of $470.91 million for the quarter, compared to analyst estimates of $447.00 million. Equities research analysts expect that DXP Enterprises, Inc. will post 4.07 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Timothy P. Halter sold 5,000 shares of the firm's stock in a transaction on Monday, March 24th. The stock was sold at an average price of $89.75, for a total transaction of $448,750.00. Following the completion of the sale, the director now directly owns 45,925 shares of the company's stock, valued at $4,121,768.75. This trade represents a 9.82 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CMO Paz Maestas sold 4,328 shares of the business's stock in a transaction 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 transaction, the chief marketing officer now directly owns 613,039 shares in the company, 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. Over the last 90 days, insiders sold 12,785 shares of company stock worth $1,139,818. Insiders own 22.40% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. StockNews.com downgraded shares of DXP Enterprises from a "buy" rating to a "hold" rating in a report on Wednesday. Stephens raised their price target on shares of DXP Enterprises from $75.00 to $95.00 and gave the stock an "overweight" rating in a research note on Monday, March 10th.

DXP Enterprises 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).