15,044 Shares in DXP Enterprises, Inc. (NASDAQ:DXPE) Acquired by Cornercap Investment Counsel Inc.

Cornercap Investment Counsel Inc. purchased a new position in shares of DXP Enterprises, Inc. (NASDAQ:DXPE - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 15,044 shares of the industrial products company's stock, valued at approximately $507,000. Cornercap Investment Counsel Inc. owned about 0.09% of DXP Enterprises as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. DekaBank Deutsche Girozentrale acquired a new stake in DXP Enterprises during the third quarter valued at approximately $32,000. Lazard Asset Management LLC lifted its position in shares of DXP Enterprises by 117.7% during the 3rd quarter. Lazard Asset Management LLC now owns 910 shares of the industrial products company's stock worth $31,000 after buying an additional 492 shares during the period. Tower Research Capital LLC TRC boosted its stake in DXP Enterprises by 216.7% in the 1st quarter. Tower Research Capital LLC TRC now owns 1,197 shares of the industrial products company's stock valued at $32,000 after buying an additional 819 shares in the last quarter. Point72 Middle East FZE bought a new stake in DXP Enterprises in the second quarter valued at $46,000. Finally, Captrust Financial Advisors raised its stake in DXP Enterprises by 67.8% during the first quarter. Captrust Financial Advisors now owns 1,606 shares of the industrial products company's stock worth $44,000 after acquiring an additional 649 shares in the last quarter. 74.82% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, TheStreet upgraded shares of DXP Enterprises from a "c+" rating to a "b-" rating in a research note on Thursday, March 14th.

DXP Enterprises Price Performance

NASDAQ DXPE traded down $1.99 during trading hours on Wednesday, reaching $50.48. 92,001 shares of the company's stock were exchanged, compared to its average volume of 80,414. DXP Enterprises, Inc. has a one year low of $22.06 and a one year high of $57.38. The stock has a market cap of $816.77 million, a PE ratio of 13.45 and a beta of 1.72. The company has a current ratio of 2.89, a quick ratio of 2.43 and a debt-to-equity ratio of 1.37. The firm has a fifty day moving average of $44.56 and a 200-day moving average of $36.78.

DXP Enterprises (NASDAQ:DXPE - Get Free Report) last issued its quarterly earnings data on Thursday, March 7th. The industrial products company reported $1.12 EPS for the quarter. DXP Enterprises had a net margin of 4.10% and a return on equity of 19.30%. The firm had revenue of $407.04 million for the quarter. During the same period in the prior year, the company earned $0.50 EPS. On average, equities research analysts predict that DXP Enterprises, Inc. will post 3.57 earnings per share for the current fiscal year.

Insider Buying and Selling at DXP Enterprises

In other DXP Enterprises news, CMO Paz Maestas sold 10,000 shares of the company's stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $49.14, for a total transaction of $491,400.00. Following the transaction, the chief marketing officer now directly owns 621,723 shares in the company, valued at approximately $30,551,468.22. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 22.10% 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).