Strs Ohio Purchases New Holdings in DXP Enterprises, Inc. $DXPE

Key Points

• Strs Ohio acquired 6,000 shares of DXP Enterprises, valued at approximately $494,000, marking a new investment in the company.
• Several other institutional investors have also increased their stakes, leading to institutional ownership of 74.82% of DXP Enterprises' stock.
• Research analysts have a consensus average rating of "Buy" for DXP Enterprises, with a target price of $95.00.

Strs Ohio bought a new stake in DXP Enterprises, Inc. (NASDAQ:DXPE - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 6,000 shares of the industrial products company's stock, valued at approximately $494,000.

Other large investors also recently added to or reduced their stakes in the company. CWM LLC increased its position in shares of DXP Enterprises by 32.2% during the 1st quarter. CWM LLC now owns 1,487 shares of the industrial products company's stock worth $122,000 after purchasing an additional 362 shares during the last quarter. Lazard Asset Management LLC purchased a new position in shares of DXP Enterprises in the 4th quarter valued at about $159,000. Janney Montgomery Scott LLC purchased a new position in shares of DXP Enterprises in the 1st quarter valued at about $210,000. Harbor Capital Advisors Inc. raised its position in shares of DXP Enterprises by 3,657.9% during the 1st quarter. Harbor Capital Advisors Inc. now owns 2,856 shares of the industrial products company's stock worth $235,000 after acquiring an additional 2,780 shares in the last quarter. Finally, Virtu Financial LLC acquired a new stake in shares of DXP Enterprises during the 1st quarter worth about $286,000. 74.82% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at DXP Enterprises

In related news, Director Karen Hoffman sold 2,399 shares of the company's stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $125.00, for a total value of $299,875.00. Following the completion of the transaction, the director directly owned 4,787 shares in the company, valued at approximately $598,375. This represents a 33.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP John Jay Jeffery sold 2,000 shares of the company's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $125.43, for a total value of $250,860.00. Following the sale, the senior vice president owned 20,008 shares of the company's stock, valued at $2,509,603.44. This represents a 9.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 84,777 shares of company stock valued at $8,616,999. Corporate insiders own 22.40% of the company's stock.

DXP Enterprises Price Performance

Shares of NASDAQ DXPE traded up $0.35 during trading on Monday, reaching $116.47. The company had a trading volume of 113,945 shares, compared to its average volume of 145,717. The stock has a market capitalization of $1.83 billion, a PE ratio of 22.23 and a beta of 1.24. The stock has a 50-day moving average price of $114.81 and a two-hundred day moving average price of $94.90. DXP Enterprises, Inc. has a twelve month low of $48.45 and a twelve month high of $129.56. The company has a current ratio of 2.79, a quick ratio of 2.33 and a debt-to-equity ratio of 1.33.

DXP Enterprises (NASDAQ:DXPE - Get Free Report) last released its earnings results on Wednesday, August 6th. The industrial products company reported $1.43 EPS for the quarter, beating the consensus estimate of $1.39 by $0.04. The firm 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%. As a group, sell-side analysts predict that DXP Enterprises, Inc. will post 4.07 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on DXPE shares. Wall Street Zen lowered DXP Enterprises from a "strong-buy" rating to a "buy" rating in a research report on Saturday, September 13th. Singular Research raised DXP Enterprises to a "moderate buy" rating in a report on Tuesday, September 9th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, DXP Enterprises has an average rating of "Buy" and a consensus target price of $95.00.

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).