Trexquant Investment LP purchased a new position in shares of DXP Enterprises, Inc. (NASDAQ:DXPE) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 17,844 shares of the industrial products company’s stock, valued at approximately $695,000. Trexquant Investment LP owned about 0.10% of DXP Enterprises at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in the business. Pinnacle Financial Partners Inc. acquired a new stake in shares of DXP Enterprises during the 1st quarter worth about $215,000. SG Americas Securities LLC acquired a new stake in shares of DXP Enterprises during the 1st quarter worth about $111,000. Frontier Capital Management Co. LLC boosted its stake in shares of DXP Enterprises by 1.0% during the 1st quarter. Frontier Capital Management Co. LLC now owns 1,100,073 shares of the industrial products company’s stock worth $42,848,000 after purchasing an additional 10,394 shares during the last quarter. Wedbush Securities Inc. acquired a new stake in shares of DXP Enterprises during the 1st quarter worth about $249,000. Finally, MetLife Investment Advisors LLC acquired a new stake in shares of DXP Enterprises during the 4th quarter worth about $206,000. 74.78% of the stock is currently owned by institutional investors.
Several research firms recently issued reports on DXPE. BidaskClub raised shares of DXP Enterprises from a “hold” rating to a “buy” rating in a research report on Tuesday, March 27th. Zacks Investment Research raised shares of DXP Enterprises from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a research report on Tuesday, January 30th. Finally, Stephens set a $48.00 target price on shares of DXP Enterprises and gave the stock a “buy” rating in a research report on Wednesday, March 21st.
DXPE opened at $39.80 on Friday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.67 and a current ratio of 2.44. DXP Enterprises, Inc. has a 1 year low of $38.56 and a 1 year high of $39.23. The company has a market capitalization of $676.36 million, a P/E ratio of 46.28 and a beta of 2.30.
DXP Enterprises (NASDAQ:DXPE) last released its earnings results on Tuesday, May 8th. The industrial products company reported $0.24 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.02. DXP Enterprises had a net margin of 1.74% and a return on equity of 6.40%. The business had revenue of $285.94 million for the quarter, compared to analysts’ expectations of $276.00 million. During the same period last year, the company earned $0.17 earnings per share. The company’s quarterly revenue was up 19.9% on a year-over-year basis. equities research analysts anticipate that DXP Enterprises, Inc. will post 1.16 EPS for the current year.
In related news, CEO David R. Little sold 49,841 shares of the firm’s stock in a transaction that occurred on Wednesday, March 21st. The shares were sold at an average price of $40.33, for a total value of $2,010,087.53. Following the sale, the chief executive officer now directly owns 1,304,873 shares of the company’s stock, valued at $52,625,528.09. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP David C. Vinson sold 7,290 shares of the firm’s stock in a transaction that occurred on Thursday, March 29th. The stock was sold at an average price of $40.00, for a total transaction of $291,600.00. Following the completion of the sale, the vice president now directly owns 10,563 shares in the company, valued at $422,520. The disclosure for this sale can be found here. Insiders sold 63,306 shares of company stock worth $2,546,624 over the last three months. Corporate insiders own 11.30% of the company’s stock.
About DXP Enterprises
DXP Enterprises, Inc engages in distributing maintenance, repair, and operating (MRO) products, equipment, and services to energy and industrial customers in the United States. It operates through three segments: Service Centers, Supply Chain Services, and Innovative Pumping Solutions. The Service Centers segment offers MRO products, equipment, and integrated services, including technical expertise and logistics services.
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