Massar Capital Management LP Makes New $324,000 Investment in DXP Enterprises, Inc. (NASDAQ:DXPE)

Massar Capital Management LP acquired a new stake in DXP Enterprises, Inc. (NASDAQ:DXPE - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,920 shares of the industrial products company's stock, valued at approximately $324,000.

Several other large investors have also added to or reduced their stakes in the business. Barclays PLC boosted its holdings in shares of 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 buying an additional 18,514 shares in the last quarter. JPMorgan Chase & Co. grew its stake in DXP Enterprises by 193.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 98,044 shares of the industrial products company's stock valued at $5,232,000 after purchasing an additional 64,611 shares during the period. Prudential Financial Inc. grew its stake in DXP Enterprises by 96.2% in the 4th quarter. Prudential Financial Inc. now owns 26,105 shares of the industrial products company's stock valued at $2,157,000 after purchasing an additional 12,800 shares during the period. Raymond James Financial Inc. bought a new position in DXP Enterprises in the 4th quarter valued at $1,037,000. Finally, Intech Investment Management LLC bought a new position in shares of DXP Enterprises during the 4th quarter worth $447,000. Institutional investors and hedge funds own 74.82% of the company's stock.

DXP Enterprises Price Performance

DXPE stock traded up $0.40 during midday trading on Friday, reaching $85.40. The company had a trading volume of 56,098 shares, compared to its average volume of 161,454. The company has a debt-to-equity ratio of 1.29, a current ratio of 2.22 and a quick ratio of 1.78. DXP Enterprises, Inc. has a 1 year low of $43.25 and a 1 year high of $107.06. The company has a market capitalization of $1.34 billion, a P/E ratio of 22.01 and a beta of 1.29. The firm has a 50-day moving average price of $83.26 and a 200-day moving average price of $80.48.

DXP Enterprises (NASDAQ:DXPE - Get Free Report) last released its quarterly earnings results on Thursday, March 6th. The industrial products company reported $1.38 EPS for the quarter, topping 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 business had revenue of $470.91 million during the quarter, compared to analysts' expectations of $447.00 million. On average, research analysts anticipate that DXP Enterprises, Inc. will post 4.07 earnings per share for the current fiscal year.

Insider Activity

In other DXP Enterprises news, Director Timothy P. Halter sold 5,000 shares of the stock in a transaction on Monday, March 24th. The shares were sold at an average price of $89.75, for a total transaction of $448,750.00. Following the completion of the sale, the director now owns 45,925 shares of the company's stock, valued at $4,121,768.75. This represents a 9.82 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Kent Nee Hung Yee sold 3,457 shares of the stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of $88.43, for a total transaction of $305,702.51. Following the sale, the chief financial officer now directly owns 68,849 shares of the company's stock, valued at $6,088,317.07. The trade was a 4.78 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 12,785 shares of company stock valued at $1,139,818. Corporate insiders own 22.40% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on DXPE shares. StockNews.com upgraded DXP Enterprises from a "hold" rating to a "buy" rating in a research note on Friday, April 18th. Stephens boosted their price target on shares of DXP Enterprises from $75.00 to $95.00 and gave the stock an "overweight" rating in a research note on Monday, March 10th.

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).