ProShare Advisors LLC Takes $311,000 Position in DXP Enterprises, Inc. (NASDAQ:DXPE)

ProShare Advisors LLC bought a new position in DXP Enterprises, Inc. (NASDAQ:DXPE - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 3,767 shares of the industrial products company's stock, valued at approximately $311,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DXPE. Longboard Asset Management LP purchased a new position in shares of DXP Enterprises in the 4th quarter worth approximately $216,000. Savant Capital LLC purchased a new position in shares of DXP Enterprises in the 4th quarter worth approximately $230,000. Avidian Wealth Enterprises LLC purchased a new position in shares of DXP Enterprises in the 4th quarter worth approximately $371,000. Principal Financial Group Inc. boosted its stake in shares of DXP Enterprises by 3.6% in the 4th quarter. Principal Financial Group Inc. now owns 71,501 shares of the industrial products company's stock worth $5,907,000 after buying an additional 2,504 shares during the last quarter. Finally, New York State Common Retirement Fund boosted its stake in shares of DXP Enterprises by 75.4% in the 4th quarter. New York State Common Retirement Fund now owns 7,211 shares of the industrial products company's stock worth $596,000 after buying an additional 3,100 shares during the last quarter. Hedge funds and other institutional investors own 74.82% of the company's stock.

DXP Enterprises Price Performance

Shares of DXP Enterprises stock traded down $0.28 during trading on Friday, hitting $82.72. The stock had a trading volume of 72,988 shares, compared to its average volume of 159,203. The company has a current ratio of 2.22, a quick ratio of 1.78 and a debt-to-equity ratio of 1.29. DXP Enterprises, Inc. has a 12 month low of $43.25 and a 12 month high of $107.06. The firm has a market cap of $1.30 billion, a price-to-earnings ratio of 21.32 and a beta of 1.26. The business's 50-day moving average is $83.61 and its 200 day moving average is $85.73.

DXP Enterprises (NASDAQ:DXPE - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $1.26 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.20 by $0.06. The company had revenue of $476.57 million for the quarter, compared to the consensus estimate of $477.00 million. DXP Enterprises had a return on equity of 18.74% and a net margin of 3.75%. As a group, sell-side analysts anticipate that DXP Enterprises, Inc. will post 4.07 earnings per share for the current year.

Insider Activity

In other DXP Enterprises news, CEO David R. Little bought 5,999 shares of the business's stock in a transaction that occurred on Wednesday, March 26th. The shares were bought at an average cost of $82.70 per share, with a total value of $496,117.30. Following the completion of the purchase, the chief executive officer now directly owns 1,257,593 shares of the company's stock, valued at $104,002,941.10. This trade represents a 0.48% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Timothy P. Halter sold 5,000 shares of the firm's stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $89.75, for a total transaction of $448,750.00. Following the completion of the sale, the director now owns 45,925 shares of the company's stock, valued at $4,121,768.75. This trade represents a 9.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 15,785 shares of company stock valued at $1,400,818. 22.70% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts recently commented on DXPE shares. Wall Street Zen downgraded DXP Enterprises from a "buy" rating to a "hold" rating in a research note on Friday, May 16th. Stephens upped their price objective on DXP Enterprises from $75.00 to $95.00 and gave the company an "overweight" rating in a research note on Monday, March 10th.

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).