Teacher Retirement System of Texas Sells 10,483 Shares of DXP Enterprises, Inc. (NASDAQ:DXPE)

Teacher Retirement System of Texas lessened its stake in shares of DXP Enterprises, Inc. (NASDAQ:DXPE - Free Report) by 44.3% during the first quarter, according to the company in its most recent 13F 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 about 0.08% of DXP Enterprises worth $1,082,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Lazard Asset Management LLC bought a new position in shares of DXP Enterprises in the 4th quarter worth approximately $159,000. Hsbc Holdings PLC bought a new position in shares of DXP Enterprises in the 4th quarter worth approximately $208,000. Janney Montgomery Scott LLC bought a new position in shares of DXP Enterprises in the 1st quarter worth approximately $210,000. Pictet Asset Management Holding SA bought a new stake in DXP Enterprises during the fourth quarter valued at about $218,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in DXP Enterprises during the fourth quarter valued at about $224,000. Hedge funds and other institutional investors own 74.82% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered DXP Enterprises from a "buy" rating to a "hold" rating in a report on Friday, May 16th.

DXP Enterprises Stock Performance

NASDAQ DXPE traded up $3.18 on Thursday, reaching $100.41. 311,822 shares of the stock were exchanged, compared to its average volume of 160,830. DXP Enterprises, Inc. has a one year low of $45.00 and a one year high of $107.06. The firm has a market capitalization of $1.58 billion, a PE ratio of 20.88 and a beta of 1.16. The company's 50-day simple moving average is $86.09 and its two-hundred day simple moving average is $88.02. The company has a current ratio of 2.70, a quick ratio of 2.25 and a debt-to-equity ratio of 1.40.

DXP Enterprises (NASDAQ:DXPE - Get Free Report) last released its earnings results on Wednesday, May 7th. The industrial products company reported $1.26 EPS for the quarter, topping 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 for the quarter, compared to analysts' expectations of $477.00 million. Analysts expect that DXP Enterprises, Inc. will post 4.07 EPS for the current fiscal year.

Insider Buying and Selling

In other DXP Enterprises news, COO Nicholas Little sold 45,938 shares of the firm's stock in a transaction that occurred on Monday, June 30th. The shares were sold at an average price of $87.73, for a total transaction of $4,030,140.74. Following the sale, the chief operating officer owned 812,328 shares in the company, valued at approximately $71,265,535.44. This trade represents a 5.35% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CMO Paz Maestas sold 2,000 shares of the firm's stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $81.16, for a total transaction of $162,320.00. Following the sale, the chief marketing officer owned 605,737 shares in the company, valued at approximately $49,161,614.92. The trade was a 0.33% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 53,938 shares of company stock worth $4,690,731. 22.70% of the stock is owned by company insiders.

About DXP Enterprises

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).