State of Tennessee Department of Treasury Sells 5,889 Shares of DXP Enterprises, Inc. (NASDAQ:DXPE)

State of Tennessee Department of Treasury reduced its position in shares of DXP Enterprises, Inc. (NASDAQ:DXPE - Free Report) by 46.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,682 shares of the industrial products company's stock after selling 5,889 shares during the period. State of Tennessee Department of Treasury's holdings in DXP Enterprises were worth $552,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Global Retirement Partners LLC boosted its holdings in shares of 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 worth $29,000 after acquiring an additional 333 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in DXP Enterprises by 3,150.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 520 shares of the industrial products company's stock worth $43,000 after acquiring an additional 504 shares during the period. Longboard Asset Management LP bought a new position in DXP Enterprises in the 4th quarter valued at $216,000. Pictet Asset Management Holding SA purchased a new position in shares of DXP Enterprises in the fourth quarter worth about $218,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in DXP Enterprises during the 4th quarter valued at $224,000. Hedge funds and other institutional investors own 74.82% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on DXPE shares. Stephens lifted their target price on shares of 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 shares of DXP Enterprises from a "hold" rating to a "buy" rating in a research note on Thursday.

DXP Enterprises Stock Performance

DXPE traded down $2.94 on Friday, hitting $83.56. 58,030 shares of the company's stock were exchanged, compared to its average volume of 161,367. DXP Enterprises, Inc. has a twelve month low of $43.25 and a twelve month 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 firm has a market cap of $1.31 billion, a PE ratio of 21.54 and a beta of 1.26. The stock has a fifty day moving average of $82.89 and a two-hundred day moving average of $82.35.

DXP Enterprises (NASDAQ:DXPE - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $1.26 EPS for the quarter, beating analysts' consensus estimates of $1.20 by $0.06. DXP Enterprises had a net margin of 3.75% and a return on equity of 18.74%. The business had revenue of $476.57 million during the quarter, compared to analyst estimates of $477.00 million. On average, research analysts anticipate that DXP Enterprises, Inc. will post 4.07 earnings per share for the current fiscal year.

Insider Activity at DXP Enterprises

In related news, Director Timothy P. Halter sold 5,000 shares of the stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $89.75, for a total transaction 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. This represents a 9.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CMO Paz Maestas sold 4,328 shares of the stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $89.04, for a total transaction of $385,365.12. Following the transaction, the chief marketing officer now owns 613,039 shares in the company, valued at approximately $54,584,992.56. The trade was a 0.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,785 shares of company stock worth $1,139,818 in the last quarter. Company insiders own 22.40% of the company's stock.

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).