EntryPoint Capital LLC Has $328,000 Position in DXP Enterprises, Inc. $DXPE

Key Points

• EntryPoint Capital LLC reduced its stake in DXP Enterprises by 56.8% during the first quarter, selling 5,239 shares and ending with 3,992 shares valued at $328,000.
• Several hedge funds have increased their positions in DXP Enterprises, with CWM LLC raising its holdings by 32.2% in the same period.
• Recently, Wall Street Zen downgraded DXP Enterprises from a "buy" to a "hold" rating, while the stock maintains a consensus "buy" rating and an average target price of $95.00.

EntryPoint Capital LLC trimmed its position in DXP Enterprises, Inc. (NASDAQ:DXPE - Free Report) by 56.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,992 shares of the industrial products company's stock after selling 5,239 shares during the period. EntryPoint Capital LLC's holdings in DXP Enterprises were worth $328,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. CWM LLC grew its holdings in DXP Enterprises by 32.2% during the 1st quarter. CWM LLC now owns 1,487 shares of the industrial products company's stock worth $122,000 after acquiring an additional 362 shares during the period. Lazard Asset Management LLC bought a new position in shares of DXP Enterprises during the fourth quarter valued at about $159,000. Hsbc Holdings PLC purchased a new stake in DXP Enterprises in the fourth quarter worth about $208,000. Janney Montgomery Scott LLC bought a new position in DXP Enterprises during the first quarter valued at approximately $210,000. Finally, Harbor Capital Advisors Inc. raised its position in shares of DXP Enterprises by 3,657.9% during the 1st quarter. Harbor Capital Advisors Inc. now owns 2,856 shares of the industrial products company's stock valued at $235,000 after purchasing an additional 2,780 shares during the period. Institutional investors and hedge funds own 74.82% of the company's stock.

Insider Buying and Selling

In related news, SVP John Jay Jeffery sold 2,000 shares of DXP Enterprises stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $125.43, for a total transaction of $250,860.00. Following the sale, the senior vice president directly owned 20,008 shares in the company, valued at $2,509,603.44. The trade was a 9.09% 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, COO Nicholas Little sold 45,938 shares of DXP Enterprises stock in a transaction dated Monday, June 30th. The stock was sold at an average price of $87.73, for a total value of $4,030,140.74. Following the completion of the transaction, the chief operating officer directly owned 812,328 shares in the company, valued at $71,265,535.44. This represents a 5.35% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 67,337 shares of company stock valued at $6,431,516 in the last three months. 22.40% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Separately, Wall Street Zen cut shares of DXP Enterprises from a "buy" rating to a "hold" rating in a research note on Friday, May 16th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $95.00.

DXP Enterprises Stock Performance

DXPE traded down $0.02 during trading on Wednesday, hitting $125.38. The stock had a trading volume of 49,680 shares, compared to its average volume of 185,566. The firm has a market capitalization of $1.97 billion, a P/E ratio of 23.97 and a beta of 1.25. DXP Enterprises, Inc. has a twelve month low of $45.81 and a twelve month high of $126.60. The company's 50-day moving average price is $102.50 and its 200 day moving average price is $91.26. The company has a debt-to-equity ratio of 1.33, a quick ratio of 2.33 and a current ratio of 2.79.

DXP Enterprises (NASDAQ:DXPE - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The industrial products company reported $1.43 EPS for the quarter, beating analysts' consensus estimates of $1.39 by $0.04. The company had revenue of $498.68 million during the quarter, compared to the consensus estimate of $499.00 million. DXP Enterprises had a net margin of 4.52% and a return on equity of 20.94%. On average, equities research analysts forecast that DXP Enterprises, Inc. will post 4.07 EPS for the current fiscal year.

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).