DXP Enterprises, Inc. $DXPE Shares Acquired by Trexquant Investment LP

Key Points

• Trexquant Investment LP increased its holdings in DXP Enterprises, Inc. by 57.4% in the first quarter, acquiring an additional 11,412 shares, bringing its total ownership to 31,308 shares valued at approximately $2.57 million.
• Several other institutional investors have also increased their stakes in DXP Enterprises, resulting in institutional ownership of 74.82% of the company's stock.
• DXP Enterprises reported earnings of $1.43 per share for the last quarter, surpassing analysts' expectations, although its revenue fell slightly short of estimates at $498.68 million.

Trexquant Investment LP increased its holdings in shares of DXP Enterprises, Inc. (NASDAQ:DXPE - Free Report) by 57.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 31,308 shares of the industrial products company's stock after purchasing an additional 11,412 shares during the period. Trexquant Investment LP owned 0.20% of DXP Enterprises worth $2,575,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in DXPE. CWM LLC lifted its holdings in DXP Enterprises by 32.2% in the 1st quarter. CWM LLC now owns 1,487 shares of the industrial products company's stock valued at $122,000 after acquiring an additional 362 shares during the last quarter. Lazard Asset Management LLC acquired a new stake in shares of DXP Enterprises in the fourth quarter valued at approximately $159,000. Hsbc Holdings PLC bought a new position in DXP Enterprises during the 4th quarter worth $208,000. Janney Montgomery Scott LLC acquired a new stake in shares of DXP Enterprises during the first quarter valued at about $210,000. Finally, Harbor Capital Advisors Inc. raised its position in shares of DXP Enterprises by 3,657.9% during the first quarter. Harbor Capital Advisors Inc. now owns 2,856 shares of the industrial products company's stock worth $235,000 after purchasing an additional 2,780 shares during the period. 74.82% of the stock is owned by institutional investors and hedge funds.

DXP Enterprises Price Performance

Shares of DXPE traded up $0.94 during trading hours on Monday, reaching $125.25. 70,741 shares of the company traded hands, compared to its average volume of 183,213. The company has a quick ratio of 2.33, a current ratio of 2.79 and a debt-to-equity ratio of 1.33. DXP Enterprises, Inc. has a fifty-two week low of $45.81 and a fifty-two week high of $129.56. The stock has a fifty day simple moving average of $108.97 and a 200 day simple moving average of $92.46. The stock has a market capitalization of $1.97 billion, a PE ratio of 24.00 and a beta of 1.24.

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

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In related news, SVP John Jay Jeffery sold 2,000 shares of the firm's stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $125.43, for a total value of $250,860.00. Following the completion of the transaction, the senior vice president directly owned 20,008 shares of the company's stock, valued at approximately $2,509,603.44. This trade represents a 9.09% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Nicholas Little sold 45,938 shares of DXP Enterprises stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $87.73, for a total transaction of $4,030,140.74. Following the transaction, the chief operating officer directly owned 812,328 shares of the company's stock, valued at approximately $71,265,535.44. This trade represents a 5.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 67,337 shares of company stock valued at $6,431,516 in the last quarter. Corporate insiders own 22.40% of the company's stock.

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).