Teachers Retirement System of The State of Kentucky Increases Stock Holdings in DXP Enterprises, Inc. $DXPE

Key Points

• Teachers Retirement System of Kentucky boosted its stake in DXP Enterprises (NASDAQ:DXPE) by 222.7% in Q4, acquiring an additional 8,261 shares to hold 11,970 shares worth about $1.315 million.
• Several other institutions also added exposure—Wasatch Advisors opened a roughly $15.5M position and Millennium Management increased its stake by 661.5%—leaving institutional ownership at about 74.82%.
• DXP recently beat quarterly estimates (EPS $1.39 vs. $0.91 consensus; revenue $527.4M vs. $499M), is trading near its one‑year high (~$170.66), and has seen analyst upgrades to a consensus Buy rating with an average target of $154.

Teachers Retirement System of The State of Kentucky raised its stake in DXP Enterprises, Inc. (NASDAQ:DXPE - Free Report) by 222.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,970 shares of the industrial products company's stock after purchasing an additional 8,261 shares during the period. Teachers Retirement System of The State of Kentucky owned 0.08% of DXP Enterprises worth $1,315,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in DXPE. Wasatch Advisors LP purchased a new position in DXP Enterprises in the third quarter valued at approximately $15,487,000. Millennium Management LLC increased its stake in DXP Enterprises by 661.5% in the first quarter. Millennium Management LLC now owns 128,956 shares of the industrial products company's stock valued at $10,608,000 after purchasing an additional 112,021 shares during the last quarter. Invesco Ltd. increased its stake in DXP Enterprises by 41.6% in the third quarter. Invesco Ltd. now owns 250,790 shares of the industrial products company's stock valued at $29,862,000 after purchasing an additional 73,653 shares during the last quarter. Jane Street Group LLC increased its stake in DXP Enterprises by 433.8% in the first quarter. Jane Street Group LLC now owns 58,954 shares of the industrial products company's stock valued at $4,850,000 after purchasing an additional 47,909 shares during the last quarter. Finally, Oliver Luxxe Assets LLC purchased a new position in DXP Enterprises in the fourth quarter valued at approximately $2,955,000. 74.82% of the stock is currently owned by hedge funds and other institutional investors.

DXP Enterprises Price Performance

DXP Enterprises stock opened at $170.66 on Wednesday. DXP Enterprises, Inc. has a one year low of $75.58 and a one year high of $173.33. The company has a debt-to-equity ratio of 1.64, a quick ratio of 2.94 and a current ratio of 3.34. The business has a fifty day moving average of $145.90 and a two-hundred day moving average of $125.73. The company has a market cap of $2.65 billion, a P/E ratio of 31.72 and a beta of 0.96.

DXP Enterprises (NASDAQ:DXPE - Get Free Report) last released its quarterly earnings results on Wednesday, February 25th. The industrial products company reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.48. The business had revenue of $527.39 million during the quarter, compared to the consensus estimate of $499.00 million. DXP Enterprises had a return on equity of 18.83% and a net margin of 4.40%. As a group, analysts predict that DXP Enterprises, Inc. will post 6.2 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have commented on DXPE. Zacks Research upgraded shares of DXP Enterprises from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 12th. Wall Street Zen upgraded shares of DXP Enterprises from a "hold" rating to a "buy" rating in a research report on Saturday, March 28th. Finally, Loop Capital set a $154.00 target price on shares of DXP Enterprises in a research report on Monday, March 2nd. One analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $154.00.

Insider Buying and Selling

In other DXP Enterprises news, Director Joseph R. Mannes sold 1,500 shares of DXP Enterprises stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $137.95, for a total value of $206,925.00. Following the completion of the sale, the director owned 13,964 shares in the company, valued at $1,926,333.80. The trade was a 9.70% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 22.40% of the stock is owned by company insiders.

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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