Raymond James Financial Inc. Buys Shares of 12,546 DXP Enterprises, Inc. (NASDAQ:DXPE)

Raymond James Financial Inc. bought a new position in shares of DXP Enterprises, Inc. (NASDAQ:DXPE - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 12,546 shares of the industrial products company's stock, valued at approximately $1,037,000. Raymond James Financial Inc. owned approximately 0.08% of DXP Enterprises as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in DXPE. Smartleaf Asset Management LLC boosted its stake in DXP Enterprises by 3,150.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 520 shares of the industrial products company's stock worth $43,000 after purchasing an additional 504 shares during the period. Metis Global Partners LLC purchased a new stake in shares of DXP Enterprises in the fourth quarter valued at about $252,000. Versor Investments LP acquired a new stake in shares of DXP Enterprises during the fourth quarter worth about $496,000. Denali Advisors LLC purchased a new position in shares of DXP Enterprises during the fourth quarter worth about $1,020,000. Finally, Global Retirement Partners LLC increased its position in DXP Enterprises by 2,220.0% in the 4th quarter. Global Retirement Partners LLC now owns 348 shares of the industrial products company's stock valued at $29,000 after acquiring an additional 333 shares during the period. 74.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Stephens upped 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. StockNews.com upgraded DXP Enterprises from a "hold" rating to a "buy" rating in a research note on Wednesday, April 2nd.

DXP Enterprises Stock Performance

Shares of NASDAQ:DXPE traded down $1.36 during midday trading on Tuesday, hitting $71.80. The stock had a trading volume of 126,137 shares, compared to its average volume of 159,294. DXP Enterprises, Inc. has a 1 year low of $43.25 and a 1 year high of $107.06. The company has a current ratio of 2.22, a quick ratio of 1.78 and a debt-to-equity ratio of 1.29. The stock has a 50 day moving average price of $89.09 and a two-hundred day moving average price of $77.72. The company has a market capitalization of $1.13 billion, a PE ratio of 18.51 and a beta of 1.29.

DXP Enterprises (NASDAQ:DXPE - Get Free Report) last released its earnings results on Thursday, March 6th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.49. The company had revenue of $470.91 million for the quarter, compared to analysts' expectations of $447.00 million. DXP Enterprises had a return on equity of 18.74% and a net margin of 3.75%. As a group, equities analysts predict that DXP Enterprises, Inc. will post 4.07 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Timothy P. Halter sold 5,000 shares of the firm's 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 sale, the director now owns 45,925 shares in the company, valued at $4,121,768.75. This trade represents a 9.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO David R. Little bought 5,999 shares of the stock in a transaction on Wednesday, March 26th. The shares were bought at an average price of $82.70 per share, for a total transaction of $496,117.30. Following the completion of the transaction, the chief executive officer now directly owns 1,257,593 shares of the company's stock, valued at $104,002,941.10. This trade represents a 0.48 % increase in their position. The disclosure for this purchase can be found here. Insiders have sold 12,785 shares of company stock valued at $1,139,818 over the last quarter. Company insiders own 22.40% 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).