Two Sigma Advisers LP Has $333,000 Stock Position in DXP Enterprises, Inc. (NASDAQ:DXPE)

Two Sigma Advisers LP decreased its stake in DXP Enterprises, Inc. (NASDAQ:DXPE - Free Report) by 55.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,027 shares of the industrial products company's stock after selling 5,000 shares during the quarter. Two Sigma Advisers LP's holdings in DXP Enterprises were worth $333,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of DXPE. Savant Capital LLC purchased a new stake in DXP Enterprises in the 4th quarter worth about $230,000. Avidian Wealth Enterprises LLC purchased a new stake in shares of DXP Enterprises during the 4th quarter worth about $371,000. Principal Financial Group Inc. raised its stake in shares of DXP Enterprises by 3.6% during the 4th quarter. Principal Financial Group Inc. now owns 71,501 shares of the industrial products company's stock worth $5,907,000 after purchasing an additional 2,504 shares in the last quarter. New York State Common Retirement Fund raised its stake in shares of DXP Enterprises by 75.4% during the 4th quarter. New York State Common Retirement Fund now owns 7,211 shares of the industrial products company's stock worth $596,000 after purchasing an additional 3,100 shares in the last quarter. Finally, Global Retirement Partners LLC raised its stake in shares of DXP Enterprises by 2,220.0% during the 4th quarter. Global Retirement Partners LLC now owns 348 shares of the industrial products company's stock worth $29,000 after purchasing an additional 333 shares in the last quarter. Institutional investors and hedge funds own 74.82% of the company's stock.

Wall Street Analysts Forecast Growth

DXPE has been the subject of a number of recent research reports. Wall Street Zen downgraded DXP Enterprises from a "buy" rating to a "hold" rating in a research note on Friday, May 16th. Stephens raised their price objective on DXP Enterprises from $75.00 to $95.00 and gave the company an "overweight" rating in a research note on Monday, March 10th.

DXP Enterprises Stock Up 1.5%

Shares of DXPE stock opened at $80.99 on Friday. The stock's 50 day simple moving average is $83.42 and its 200 day simple moving average is $85.95. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.78 and a current ratio of 2.22. DXP Enterprises, Inc. has a twelve month low of $43.25 and a twelve month high of $107.06. The company has a market capitalization of $1.27 billion, a price-to-earnings ratio of 20.87 and a beta of 1.17.

DXP Enterprises (NASDAQ:DXPE - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $1.26 earnings per share for the quarter, beating analysts' consensus estimates of $1.20 by $0.06. DXP Enterprises had a return on equity of 18.74% and a net margin of 3.75%. The business had revenue of $476.57 million for the quarter, compared to the consensus estimate of $477.00 million. As a group, research analysts predict that DXP Enterprises, Inc. will post 4.07 EPS for the current year.

Insider Activity at DXP Enterprises

In other DXP Enterprises news, CEO David R. Little bought 5,999 shares of the stock in a transaction on Wednesday, March 26th. The shares were purchased at an average price of $82.70 per share, with a total value of $496,117.30. Following the acquisition, the chief executive officer now directly owns 1,257,593 shares of the company's stock, valued at $104,002,941.10. This represents a 0.48% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Timothy P. Halter sold 5,000 shares of the firm's stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $89.75, for a total value of $448,750.00. Following the completion of the sale, the director now directly owns 45,925 shares in the company, valued at $4,121,768.75. This trade represents a 9.82% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 15,785 shares of company stock valued at $1,400,818. Corporate insiders own 22.70% of the company's stock.

About DXP Enterprises

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).

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