Danske Bank A S Makes New $4.86 Million Investment in DXP Enterprises, Inc. $DXPE

Key Points

• Danske Bank A/S opened a new position in DXP Enterprises in Q4, buying 44,299 shares worth about $4.86 million, representing roughly 0.28% of the company as institutional ownership sits near 74.8%.
• DXP beat Q4 expectations with EPS $1.39 vs. $0.91 estimated and revenue of $527.4M vs. $499.0M, a performance that helped lift the stock about 4.1% intraday.
• Analyst sentiment has improved (upgrades from Wall Street Zen and Zacks), leaving a consensus "Buy" rating and an average target price of $154 while the shares trade near $179.

Danske Bank A S bought a new position in shares of DXP Enterprises, Inc. (NASDAQ:DXPE - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 44,299 shares of the industrial products company's stock, valued at approximately $4,864,000. Danske Bank A S owned about 0.28% of DXP Enterprises at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Nordea Investment Management AB bought a new stake in shares of DXP Enterprises in the 4th quarter valued at about $1,597,000. SG Americas Securities LLC increased its stake in shares of DXP Enterprises by 646.7% in the fourth quarter. SG Americas Securities LLC now owns 15,143 shares of the industrial products company's stock valued at $1,663,000 after buying an additional 13,115 shares during the period. Oliver Luxxe Assets LLC bought a new position in shares of DXP Enterprises during the fourth quarter worth about $2,955,000. Intrua Financial LLC bought a new position in shares of DXP Enterprises during the third quarter worth about $1,848,000. Finally, B. Metzler seel. Sohn & Co. AG acquired a new position in shares of DXP Enterprises in the fourth quarter worth approximately $1,591,000. 74.82% of the stock is owned by institutional investors.

DXP Enterprises Stock Up 4.1%

Shares of NASDAQ:DXPE opened at $179.26 on Wednesday. DXP Enterprises, Inc. has a 1 year low of $75.58 and a 1 year high of $179.95. The company has a debt-to-equity ratio of 1.64, a current ratio of 3.34 and a quick ratio of 2.94. The business's 50-day moving average is $147.33 and its 200-day moving average is $126.78. The company has a market capitalization of $2.78 billion, a price-to-earnings ratio of 33.32 and a beta of 1.07.

DXP Enterprises (NASDAQ:DXPE - Get Free Report) last released its earnings results on Wednesday, February 25th. The industrial products company reported $1.39 EPS for the quarter, topping the consensus estimate of $0.91 by $0.48. DXP Enterprises had a return on equity of 18.83% and a net margin of 4.40%.The business had revenue of $527.39 million during the quarter, compared to analysts' expectations of $499.00 million. Equities research analysts predict that DXP Enterprises, Inc. will post 6.2 earnings per share for the current year.

Analyst Ratings Changes

Several analysts recently commented on the company. Wall Street Zen upgraded DXP Enterprises from a "hold" rating to a "buy" rating in a report on Saturday, March 28th. Zacks Research upgraded shares of DXP Enterprises from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 12th. Finally, Loop Capital set a $154.00 price objective on shares of DXP Enterprises in a research note on Monday, March 2nd. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $154.00.

Insider Activity at DXP Enterprises

In other news, Director Joseph R. Mannes sold 1,500 shares of the firm's stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $137.95, for a total transaction of $206,925.00. Following the completion of the sale, the director owned 13,964 shares of the company's stock, valued at $1,926,333.80. This trade represents a 9.70% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 22.40% of the stock is currently owned by company insiders.

DXP Enterprises Company Profile

DXP Enterprises, Inc is a Houston, Texas–based industrial products and services distributor serving customers across North America. The company provides a broad portfolio of maintenance, repair and operations (MRO) supplies, including fluid power components, safety products, mechanical power transmission parts, and instrumentation. DXP's product offering spans well-recognized private brands as well as equipment and parts from leading global manufacturers, enabling clients in energy, heavy industrial and manufacturing sectors to source critical components from a single supplier.

Through its network of service centers and specialized repair facilities, DXP delivers inventory management programs, turnkey fluid power rebuilds and custom assembly solutions.

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