Quantbot Technologies LP Takes Position in DXP Enterprises, Inc. $DXPE

Key Points

• Quantbot Technologies LP has acquired a new stake in DXP Enterprises, purchasing 9,425 shares valued at approximately $775,000.
• Other institutional investors have also increased their holdings in DXP Enterprises, pushing institutional ownership to 74.82%.
• Wall Street analysts recently downgraded the stock from a "buy" to a "hold" rating, with a consensus target price of $95.00.

Quantbot Technologies LP bought a new stake in shares of DXP Enterprises, Inc. (NASDAQ:DXPE - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 9,425 shares of the industrial products company's stock, valued at approximately $775,000. Quantbot Technologies LP owned 0.06% of DXP Enterprises at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Wellington Management Group LLP boosted its position in shares of DXP Enterprises by 13.3% during the first 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 during the period. Versor Investments LP boosted its position in shares of DXP Enterprises by 31.7% during the first 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 during the period. Algert Global LLC boosted its holdings in shares of DXP Enterprises by 2.6% in the first quarter. Algert Global LLC now owns 11,255 shares of the industrial products company's stock valued at $926,000 after purchasing an additional 280 shares during the period. Sei Investments Co. boosted its holdings in shares of DXP Enterprises by 3.0% in the first quarter. Sei Investments Co. now owns 92,330 shares of the industrial products company's stock valued at $7,627,000 after purchasing an additional 2,663 shares during the period. Finally, Cookson Peirce & Co. Inc. purchased a new stake in shares of DXP Enterprises in the first quarter valued at approximately $777,000. Hedge funds and other institutional investors own 74.82% of the company's stock.

DXP Enterprises Trading Up 0.0%

Shares of NASDAQ DXPE traded up $0.03 during trading hours on Friday, reaching $124.88. The stock had a trading volume of 141,599 shares, compared to its average volume of 180,427. 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 firm has a market cap of $1.96 billion, a price-to-earnings ratio of 23.83 and a beta of 1.25. The business's fifty day moving average price is $105.19 and its two-hundred day moving average price is $91.73. DXP Enterprises, Inc. has a 52-week low of $45.81 and a 52-week high of $127.19.

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

Analyst Upgrades and Downgrades

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

Insider Activity at DXP Enterprises

In other DXP Enterprises news, CMO Paz Maestas sold 5,000 shares of the company's stock in a transaction on Monday, August 18th. The stock was sold at an average price of $120.11, for a total transaction of $600,550.00. Following the completion of the sale, the chief marketing officer owned 600,737 shares in the company, valued at $72,154,521.07. This represents a 0.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Christopher T. Gregory sold 5,000 shares of the company's stock in a transaction on Tuesday, August 12th. The stock was 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. Insiders have sold 67,337 shares of company stock valued at $6,431,516 over the last 90 days. Insiders own 22.70% 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).