D. E. Shaw & Co. Inc. Has $488,000 Holdings in DXP Enterprises, Inc. (NASDAQ:DXPE)

D. E. Shaw & Co. Inc. reduced its stake in shares of DXP Enterprises, Inc. (NASDAQ:DXPE - Free Report) by 75.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,910 shares of the industrial products company's stock after selling 18,641 shares during the period. D. E. Shaw & Co. Inc.'s holdings in DXP Enterprises were worth $488,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Global Retirement Partners LLC raised its stake 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 purchasing an additional 333 shares during the period. Smartleaf Asset Management LLC increased its position in shares of DXP Enterprises by 3,150.0% in 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 acquired a new stake in DXP Enterprises during the fourth quarter valued at approximately $208,000. Longboard Asset Management LP bought a new position in DXP Enterprises during the fourth quarter worth $216,000. Finally, Pictet Asset Management Holding SA acquired a new stake in DXP Enterprises during the fourth quarter worth about $218,000. 74.82% of the stock is owned by institutional investors and hedge funds.

DXP Enterprises Stock Up 0.7%

NASDAQ:DXPE traded up $0.62 during mid-day trading on Friday, reaching $83.62. The stock had a trading volume of 9,483 shares, compared to its average volume of 184,300. The company has a debt-to-equity ratio of 1.29, a current ratio of 2.22 and a quick ratio of 1.78. The stock has a market cap of $1.31 billion, a P/E ratio of 21.55 and a beta of 1.26. DXP Enterprises, Inc. has a fifty-two week low of $43.25 and a fifty-two week high of $107.06. The business's 50 day moving average is $83.86 and its 200 day moving average is $85.45.

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

Insider Transactions at DXP Enterprises

In related news, CMO Paz Maestas sold 3,000 shares of the firm's stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $87.00, for a total transaction of $261,000.00. Following the completion of the transaction, the chief marketing officer now owns 610,737 shares in the company, valued at $53,134,119. This trade represents a 0.49% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Kent Nee Hung Yee sold 3,457 shares of the company'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 completion of the sale, the chief financial officer now directly owns 68,849 shares in the company, valued at approximately $6,088,317.07. The trade was a 4.78% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 15,785 shares of company stock valued at $1,400,818. 22.70% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on DXPE shares. Stephens boosted their price target on DXP Enterprises from $75.00 to $95.00 and gave the stock an "overweight" rating in a research report on Monday, March 10th. Wall Street Zen lowered DXP Enterprises from a "buy" rating to a "hold" rating in a research report on Friday, May 16th.

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).