16,190 Shares in DXP Enterprises, Inc. $DXPE Bought by Jacobs Levy Equity Management Inc.

Key Points

• Jacobs Levy Equity Management Inc. acquired a stake of 16,190 shares in DXP Enterprises, Inc., worth approximately $1,332,000, representing about 0.10% of the company's stock.
• As of now, institutional investors and hedge funds collectively own 74.82% of DXP Enterprises, indicating significant institutional interest in the company.
• Recent analyst ratings show a shift with Wall Street Zen lowering the stock to a "hold" while also noting that DXP Enterprises has an average target price of $95.00.

Jacobs Levy Equity Management Inc. bought a new stake in DXP Enterprises, Inc. (NASDAQ:DXPE - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 16,190 shares of the industrial products company's stock, valued at approximately $1,332,000. Jacobs Levy Equity Management Inc. owned about 0.10% of DXP Enterprises as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC grew its holdings in shares of DXP Enterprises by 54.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 10,406 shares of the industrial products company's stock worth $856,000 after purchasing an additional 3,649 shares during the last quarter. Janney Montgomery Scott LLC bought a new stake in shares of DXP Enterprises during the first quarter worth about $210,000. Informed Momentum Co LLC bought a new stake in shares of DXP Enterprises during the first quarter worth about $1,731,000. Illinois Municipal Retirement Fund grew its holdings in shares of DXP Enterprises by 8.1% during the first quarter. Illinois Municipal Retirement Fund now owns 6,777 shares of the industrial products company's stock worth $557,000 after purchasing an additional 508 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of DXP Enterprises by 14.9% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 33,293 shares of the industrial products company's stock worth $2,751,000 after purchasing an additional 4,321 shares during the last quarter. 74.82% of the stock is currently owned by institutional investors.

Insider Activity

In other news, COO Nicholas Little sold 45,938 shares of the business'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 in the company, valued at $71,265,535.44. The trade was a 5.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Christopher T. Gregory sold 5,000 shares of the business's stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $122.00, for a total value of $610,000.00. Following the sale, the insider owned 24,436 shares of the company's stock, valued at approximately $2,981,192. This represents a 16.99% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 64,337 shares of company stock valued at $6,194,246. Corporate insiders own 22.70% of the company's stock.

Analyst Upgrades and Downgrades

DXPE has been the topic of several research reports. Singular Research upgraded DXP Enterprises to a "moderate buy" rating in a report on Tuesday, September 9th. Wall Street Zen lowered DXP Enterprises from a "strong-buy" rating to a "buy" rating in a research note on Saturday. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $95.00.

DXP Enterprises Trading Down 0.2%

DXPE traded down $0.27 during trading on Wednesday, hitting $115.55. The company's stock had a trading volume of 105,942 shares, compared to its average volume of 144,698. DXP Enterprises, Inc. has a twelve month low of $48.45 and a twelve month high of $129.56. The company has a quick ratio of 2.33, a current ratio of 2.79 and a debt-to-equity ratio of 1.33. The stock's fifty day moving average price is $113.34 and its 200-day moving average price is $93.99. The firm has a market capitalization of $1.81 billion, a P/E ratio of 22.05 and a beta of 1.24.

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, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $499.00 million. Analysts anticipate that DXP Enterprises, Inc. will post 4.07 EPS for the current 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).