EntryPoint Capital LLC Sells 5,239 Shares of 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 lessened its position in shares of DXP Enterprises, Inc. (NASDAQ:DXPE - Free Report) by 56.8% in the 1st quarter, according to its most recent 13F filing 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 quarter. EntryPoint Capital LLC's holdings in DXP Enterprises were worth $328,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Hsbc Holdings PLC grew its holdings in DXP Enterprises by 73.7% during the 1st quarter. Hsbc Holdings PLC now owns 4,358 shares of the industrial products company's stock valued at $353,000 after buying an additional 1,849 shares in the last quarter. Quantbot Technologies LP purchased a new position in DXP Enterprises during the 1st quarter valued at approximately $775,000. Wellington Management Group LLP grew its holdings in DXP Enterprises by 13.3% during the 1st quarter. Wellington Management Group LLP now owns 931,004 shares of the industrial products company's stock valued at $76,584,000 after buying an additional 109,151 shares in the last quarter. Versor Investments LP grew its holdings in DXP Enterprises by 31.7% during the 1st quarter. Versor Investments LP now owns 7,900 shares of the industrial products company's stock valued at $650,000 after buying an additional 1,900 shares in the last quarter. Finally, Algert Global LLC grew its holdings in DXP Enterprises by 2.6% during the 1st quarter. Algert Global LLC now owns 11,255 shares of the industrial products company's stock valued at $926,000 after buying an additional 280 shares in the last quarter. Hedge funds and other institutional investors own 74.82% of the company's stock.

DXP Enterprises Trading Down 1.0%

Shares of DXPE stock traded down $1.26 on Monday, reaching $123.63. 109,935 shares of the company's stock were exchanged, compared to its average volume of 186,765. DXP Enterprises, Inc. has a 52 week low of $45.81 and a 52 week high of $126.60. The company has a current ratio of 2.79, a quick ratio of 2.33 and a debt-to-equity ratio of 1.33. The stock has a market capitalization of $1.94 billion, a PE ratio of 23.59 and a beta of 1.25. The company's fifty day simple moving average is $100.65 and its 200 day simple moving average is $90.86.

DXP Enterprises (NASDAQ:DXPE - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The industrial products company reported $1.43 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.39 by $0.04. DXP Enterprises had a return on equity of 20.94% and a net margin of 4.52%.The firm had revenue of $498.68 million during the quarter, compared to analyst estimates of $499.00 million. As a group, analysts forecast that DXP Enterprises, Inc. will post 4.07 EPS for the current year.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at DXP Enterprises

In other DXP Enterprises news, SVP John Jay Jeffery sold 2,000 shares of DXP Enterprises stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $125.43, for a total transaction of $250,860.00. Following the completion of the sale, the senior vice president directly owned 20,008 shares of the company's stock, valued at $2,509,603.44. The trade was a 9.09% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CMO Paz Maestas sold 5,000 shares of DXP Enterprises stock in a transaction on Monday, August 18th. The shares were sold at an average price of $120.11, for a total value of $600,550.00. Following the sale, the chief marketing officer directly owned 600,737 shares of the company's stock, valued at approximately $72,154,521.07. This trade represents a 0.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 67,337 shares of company stock worth $6,431,516 over the last quarter. Insiders own 22.40% of the company's stock.

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).