Teacher Retirement System of Texas trimmed its stake in DXP Enterprises, Inc. (NASDAQ:DXPE - Free Report) by 44.3% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 13,156 shares of the industrial products company's stock after selling 10,483 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.08% of DXP Enterprises worth $1,082,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently modified their holdings of the company. Wellington Management Group LLP acquired a new position in shares of DXP Enterprises in the 4th quarter valued at $67,901,000. Arrowstreet Capital Limited Partnership boosted its holdings in shares of DXP Enterprises by 2,589.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 149,349 shares of the industrial products company's stock worth $12,339,000 after buying an additional 143,795 shares during the period. GAMMA Investing LLC increased its position in shares of DXP Enterprises by 9,327.6% in the first quarter. GAMMA Investing LLC now owns 41,953 shares of the industrial products company's stock worth $3,451,000 after acquiring an additional 41,508 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of DXP Enterprises by 5.7% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 720,320 shares of the industrial products company's stock valued at $59,513,000 after acquiring an additional 38,900 shares during the period. Finally, JPMorgan Chase & Co. lifted its position in shares of DXP Enterprises by 26.5% in the 4th quarter. JPMorgan Chase & Co. now owns 123,986 shares of the industrial products company's stock valued at $10,244,000 after acquiring an additional 25,942 shares in the last quarter. 74.82% of the stock is owned by institutional investors and hedge funds.
DXP Enterprises Stock Up 0.8%
DXP Enterprises stock traded up $0.77 during mid-day trading on Monday, hitting $92.23. The company's stock had a trading volume of 138,229 shares, compared to its average volume of 174,848. The firm's 50 day moving average is $85.47 and its 200 day moving average is $87.68. The company has a market cap of $1.45 billion, a PE ratio of 19.17 and a beta of 1.16. The company has a debt-to-equity ratio of 1.40, a current ratio of 2.70 and a quick ratio of 2.25. DXP Enterprises, Inc. has a 52-week low of $45.00 and a 52-week high of $107.06.
DXP Enterprises (NASDAQ:DXPE - Get Free Report) last issued its earnings results on Wednesday, May 7th. The industrial products company reported $1.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.20 by $0.06. DXP Enterprises had a net margin of 4.27% and a return on equity of 20.41%. The company had revenue of $476.57 million during the quarter, compared to analyst estimates of $477.00 million. On average, analysts anticipate that DXP Enterprises, Inc. will post 4.07 earnings per share for the current year.
Wall Street Analyst Weigh In
Separately, Wall Street Zen cut shares of DXP Enterprises from a "buy" rating to a "hold" rating in a research report on Friday, May 16th.
View Our Latest Stock Analysis on DXP Enterprises
Insider Buying and Selling
In other DXP Enterprises news, COO Nicholas Little sold 45,938 shares of the company's stock in a transaction that occurred on Monday, June 30th. The stock was sold at an average price of $87.73, for a total transaction of $4,030,140.74. Following the completion of the sale, the chief operating officer owned 812,328 shares of the company's stock, valued at $71,265,535.44. This represents a 5.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CMO Paz Maestas sold 2,000 shares of the firm's stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $81.16, for a total transaction of $162,320.00. Following the completion of the transaction, the chief marketing officer owned 605,737 shares in the company, valued at $49,161,614.92. The trade was a 0.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 53,938 shares of company stock valued at $4,690,731 over the last quarter. Corporate insiders own 22.70% of the company's stock.
DXP Enterprises Company Profile
(
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).
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