RBF Capital LLC Sells 3,400 Shares of DXP Enterprises, Inc. (NASDAQ:DXPE)

RBF Capital LLC decreased its holdings in shares of DXP Enterprises, Inc. (NASDAQ:DXPE - Free Report) by 25.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,000 shares of the industrial products company's stock after selling 3,400 shares during the quarter. RBF Capital LLC owned approximately 0.06% of DXP Enterprises worth $826,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Barclays PLC lifted its holdings in DXP Enterprises by 355.4% during the 3rd quarter. Barclays PLC now owns 23,723 shares of the industrial products company's stock valued at $1,267,000 after purchasing an additional 18,514 shares during the last quarter. JPMorgan Chase & Co. raised 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 worth $5,232,000 after purchasing an additional 64,611 shares in the last quarter. Prudential Financial Inc. raised 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 worth $2,157,000 after purchasing an additional 12,800 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in DXP Enterprises in the 4th quarter worth about $1,037,000. Finally, Intech Investment Management LLC acquired a new position in shares of DXP Enterprises in the 4th quarter valued at approximately $447,000. Institutional investors and hedge funds own 74.82% of the company's stock.

DXP Enterprises Trading Down 0.3 %

Shares of NASDAQ:DXPE traded down $0.27 during trading on Tuesday, reaching $86.60. The stock had a trading volume of 12,191 shares, compared to its average volume of 160,629. 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 52 week low of $43.25 and a 52 week high of $107.06. The firm's fifty day moving average is $82.94 and its 200 day moving average is $80.70. The stock has a market cap of $1.36 billion, a price-to-earnings ratio of 22.23 and a beta of 1.29.

DXP Enterprises (NASDAQ:DXPE - Get Free Report) last issued its quarterly earnings data 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. The firm had revenue of $470.91 million during the quarter, compared to analyst estimates 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 forecast that DXP Enterprises, Inc. will post 4.07 EPS for the current fiscal year.

Insider Transactions at DXP Enterprises

In related news, Director Timothy P. Halter sold 5,000 shares of the company's stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $89.75, for a total value of $448,750.00. Following the transaction, the director now owns 45,925 shares in the company, valued at approximately $4,121,768.75. This represents a 9.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO David R. Little bought 5,999 shares of the stock in a transaction on Wednesday, March 26th. The shares were acquired at an average cost of $82.70 per share, for a total transaction of $496,117.30. Following the acquisition, the chief executive officer now directly owns 1,257,593 shares in the company, valued at approximately $104,002,941.10. This trade represents a 0.48 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold 12,785 shares of company stock worth $1,139,818 in the last 90 days. Insiders own 22.40% of the company's stock.

Wall Street Analyst Weigh In

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

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).