Quantinno Capital Management LP Has $1.23 Million Position in DXP Enterprises, Inc. $DXPE

Key Points

• Quantinno Capital Management increased its DXP Enterprises stake by 139.8% in the first quarter, owning 8,817 shares valued at approximately $1.23 million. Institutional investors collectively hold 74.82% of the company.
• DXP Enterprises reported quarterly EPS of $1.76, exceeding estimates by $0.17, while revenue of $576.46 million surpassed expectations of $543 million.
• DXPE shares recently traded at $200.84, near their 52-week high, while analysts maintain a “Moderate Buy” consensus and a $187 average price target; insiders have also recently sold shares.

Quantinno Capital Management LP raised its stake in shares of DXP Enterprises, Inc. (NASDAQ:DXPE - Free Report) by 139.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,817 shares of the industrial products company's stock after acquiring an additional 5,140 shares during the quarter. Quantinno Capital Management LP owned approximately 0.06% of DXP Enterprises worth $1,232,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in DXPE. EverSource Wealth Advisors LLC increased its position in shares of DXP Enterprises by 3,507.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 469 shares of the industrial products company's stock worth $41,000 after purchasing an additional 456 shares in the last quarter. KBC Group NV bought a new position in DXP Enterprises during the 1st quarter valued at about $51,000. Clearstead Advisors LLC lifted its holdings in DXP Enterprises by 164.5% during the 4th quarter. Clearstead Advisors LLC now owns 492 shares of the industrial products company's stock valued at $54,000 after purchasing an additional 306 shares during the last quarter. State of Wyoming acquired a new position in DXP Enterprises in the fourth quarter valued at about $152,000. Finally, Laurel Wealth Advisors LLC acquired a new position in DXP Enterprises in the fourth quarter valued at about $154,000. Institutional investors and hedge funds own 74.82% of the company's stock.

DXP Enterprises Trading Up 4.0%

Shares of NASDAQ DXPE opened at $200.84 on Friday. DXP Enterprises, Inc. has a twelve month low of $84.04 and a twelve month high of $208.00. The stock has a market cap of $3.12 billion, a price-to-earnings ratio of 35.36 and a beta of 0.98. The company has a quick ratio of 2.58, a current ratio of 2.99 and a debt-to-equity ratio of 1.51. The company's fifty day moving average is $169.09 and its 200-day moving average is $154.55.

DXP Enterprises (NASDAQ:DXPE - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The industrial products company reported $1.76 EPS for the quarter, beating analysts' consensus estimates of $1.59 by $0.17. The business had revenue of $576.46 million during the quarter, compared to analysts' expectations of $543.00 million. DXP Enterprises had a net margin of 4.35% and a return on equity of 18.51%.

Insider Activity

In other news, Director Timothy P. Halter sold 6,842 shares of DXP Enterprises stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $141.59, for a total transaction of $968,758.78. Following the transaction, the director owned 30,000 shares in the company, valued at $4,247,700. The trade was a 18.57% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CMO Paz Maestas sold 10,000 shares of the business's stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $164.37, for a total value of $1,643,700.00. Following the completion of the transaction, the chief marketing officer owned 590,262 shares of the company's stock, valued at $97,021,364.94. This represents a 1.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 22.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

DXPE has been the subject of several recent analyst reports. Freedom Capital lowered shares of DXP Enterprises from a "strong-buy" rating to a "hold" rating in a report on Monday, May 11th. Wall Street Zen raised DXP Enterprises from a "hold" rating to a "buy" rating in a report on Saturday, August 8th. Weiss Ratings upgraded DXP Enterprises from a "buy (b-)" rating to a "buy (b)" rating in a research report on Thursday, August 6th. Stephens increased their price target on DXP Enterprises from $160.00 to $220.00 and gave the stock an "overweight" rating in a research report on Friday, August 7th. Finally, Zacks Research cut DXP Enterprises from a "strong-buy" rating to a "hold" rating in a report on Monday, May 11th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, DXP Enterprises presently has a consensus rating of "Moderate Buy" and a consensus price target of $187.00.

DXP Enterprises Company Profile

DXP Enterprises, Inc is a Houston, Texas–based industrial products and services distributor serving customers across North America. The company provides a broad portfolio of maintenance, repair and operations (MRO) supplies, including fluid power components, safety products, mechanical power transmission parts, and instrumentation. DXP's product offering spans well-recognized private brands as well as equipment and parts from leading global manufacturers, enabling clients in energy, heavy industrial and manufacturing sectors to source critical components from a single supplier.

Through its network of service centers and specialized repair facilities, DXP delivers inventory management programs, turnkey fluid power rebuilds and custom assembly solutions.

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