10,070 Shares in DXP Enterprises, Inc. $DXPE Bought by Townsquare Capital LLC

Key Points

• Townsquare Capital LLC invested approximately $828,000 in DXP Enterprises, acquiring 10,070 shares in the first quarter, representing about 0.06% ownership of the company.
• Hedge funds and institutional investors collectively own 74.82% of DXP Enterprises, indicating strong institutional confidence in the company.
• The company reported $1.43 EPS for the latest quarter, exceeding analysts' expectations, with a revenue of $498.68 million.

Townsquare Capital LLC acquired a new position in DXP Enterprises, Inc. (NASDAQ:DXPE - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 10,070 shares of the industrial products company's stock, valued at approximately $828,000. Townsquare Capital LLC owned about 0.06% of DXP Enterprises as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. CWM LLC raised its stake in DXP Enterprises by 32.2% during the 1st quarter. CWM LLC now owns 1,487 shares of the industrial products company's stock valued at $122,000 after buying an additional 362 shares during the last quarter. Lazard Asset Management LLC purchased a new stake in DXP Enterprises during the 4th quarter valued at $159,000. Hsbc Holdings PLC purchased a new stake in DXP Enterprises during the 4th quarter valued at $208,000. Janney Montgomery Scott LLC purchased a new stake in DXP Enterprises during the 1st quarter valued at $210,000. Finally, Harbor Capital Advisors Inc. raised its stake in 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 valued at $235,000 after buying an additional 2,780 shares during the last quarter. 74.82% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

DXP Enterprises Stock Performance

Shares of NASDAQ:DXPE traded up $1.30 during midday trading on Thursday, hitting $116.19. The company had a trading volume of 100,677 shares, compared to its average volume of 198,653. The company has a debt-to-equity ratio of 1.33, a current ratio of 2.79 and a quick ratio of 2.33. The company has a market cap of $1.82 billion, a price-to-earnings ratio of 22.17 and a beta of 1.25. DXP Enterprises, Inc. has a 12-month low of $45.81 and a 12-month high of $123.63. The company has a fifty day moving average of $99.68 and a two-hundred day moving average of $90.85.

DXP Enterprises (NASDAQ:DXPE - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The industrial products company reported $1.43 EPS for the quarter, topping 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%. On average, equities research analysts expect that DXP Enterprises, Inc. will post 4.07 EPS for the current fiscal year.

Insider Buying and Selling

In other 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 value of $600,550.00. Following the completion of the sale, the chief marketing officer directly owned 600,737 shares in the company, valued at $72,154,521.07. This represents a 0.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP John Jay Jeffery sold 2,000 shares of the company's stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $120.25, for a total transaction of $240,500.00. Following the completion of the transaction, the senior vice president directly owned 24,008 shares of the company's stock, valued at $2,886,962. This represents a 7.69% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 62,938 shares of company stock valued at $5,880,781. Company insiders own 22.70% of the company's stock.

DXP Enterprises Company 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).