DXP Enterprises, Inc. (NASDAQ:DXPE) Shares Purchased by JPMorgan Chase & Co.

JPMorgan Chase & Co. raised its position in shares of DXP Enterprises, Inc. (NASDAQ:DXPE - Free Report) by 26.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 123,986 shares of the industrial products company's stock after acquiring an additional 25,942 shares during the period. JPMorgan Chase & Co. owned approximately 0.79% of DXP Enterprises worth $10,244,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Barclays PLC increased its position in DXP Enterprises by 355.4% during the 3rd quarter. Barclays PLC now owns 23,723 shares of the industrial products company's stock worth $1,267,000 after purchasing an additional 18,514 shares in the last quarter. Prudential Financial Inc. grew its stake in DXP Enterprises by 96.2% during the fourth quarter. Prudential Financial Inc. now owns 26,105 shares of the industrial products company's stock worth $2,157,000 after buying an additional 12,800 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of DXP Enterprises in the fourth quarter worth $1,037,000. Intech Investment Management LLC purchased a new position in shares of DXP Enterprises in the 4th quarter valued at $447,000. Finally, Harvest Fund Management Co. Ltd acquired a new position in shares of DXP Enterprises during the 4th quarter valued at $471,000. 74.82% of the stock is currently owned by hedge funds and other institutional investors.

DXP Enterprises Stock Up 1.5 %

Shares of DXPE stock traded up $1.23 on Friday, hitting $80.80. The stock had a trading volume of 217,050 shares, compared to its average volume of 160,943. The stock's 50 day moving average is $85.27 and its 200-day moving average is $79.27. The firm has a market capitalization of $1.27 billion, a price-to-earnings ratio of 20.82 and a beta of 1.29. DXP Enterprises, Inc. has a 52-week low of $43.25 and a 52-week high of $107.06. 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 (NASDAQ:DXPE - Get Free Report) last posted its quarterly earnings data on Thursday, March 6th. The industrial products company reported $1.38 earnings per share for the quarter, beating analysts' consensus estimates of $0.89 by $0.49. DXP Enterprises had a net margin of 3.75% and a return on equity of 18.74%. The company had revenue of $470.91 million during the quarter, compared to analysts' expectations of $447.00 million. As a group, research analysts expect that DXP Enterprises, Inc. will post 4.07 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Stephens increased their price target on DXP Enterprises from $75.00 to $95.00 and gave the company an "overweight" rating in a report on Monday, March 10th. StockNews.com upgraded DXP Enterprises from a "hold" rating to a "buy" rating in a report on Friday.

Insider Buying and Selling at DXP Enterprises

In other news, Director Timothy P. Halter sold 5,000 shares of DXP Enterprises stock in a transaction dated 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 transaction, the director now directly owns 45,925 shares of the company's stock, valued at approximately $4,121,768.75. The trade was a 9.82 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO David R. Little bought 5,999 shares of the stock in a transaction dated Wednesday, March 26th. The shares were bought at an average cost of $82.70 per share, with a total value of $496,117.30. Following the completion of the acquisition, the chief executive officer now directly owns 1,257,593 shares of the company's stock, valued at approximately $104,002,941.10. The trade was a 0.48 % increase in their position. The disclosure for this purchase can be found here. Insiders have sold a total of 12,785 shares of company stock valued at $1,139,818 in the last three months. 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).