D. E. Shaw & Co. Inc. decreased its stake in shares of DXP Enterprises Inc (NASDAQ:DXPE) by 8.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 9,587 shares of the industrial products company’s stock after selling 838 shares during the quarter. D. E. Shaw & Co. Inc.’s holdings in DXP Enterprises were worth $267,000 at the end of the most recent reporting period.
A number of other institutional investors also recently made changes to their positions in DXPE. Harel Insurance Investments & Financial Services Ltd. raised its position in DXP Enterprises by 100.0% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,000 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 500 shares during the period. Laurel Wealth Advisors LLC purchased a new stake in DXP Enterprises in the fourth quarter valued at $28,000. Oppenheimer Asset Management Inc. purchased a new stake in DXP Enterprises in the fourth quarter valued at $37,000. Quantamental Technologies LLC purchased a new stake in DXP Enterprises in the fourth quarter valued at $38,000. Finally, Advisor Group Inc. raised its position in DXP Enterprises by 62.2% in the fourth quarter. Advisor Group Inc. now owns 1,552 shares of the industrial products company’s stock valued at $43,000 after purchasing an additional 595 shares during the period. Hedge funds and other institutional investors own 79.77% of the company’s stock.
In other DXP Enterprises news, VP Kent Nee Hung Yee sold 7,500 shares of DXP Enterprises stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $40.32, for a total value of $302,400.00. Following the sale, the vice president now owns 29,146 shares in the company, valued at $1,175,166.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 9.20% of the stock is owned by insiders.
NASDAQ:DXPE opened at $43.79 on Tuesday. DXP Enterprises Inc has a 52 week low of $26.95 and a 52 week high of $49.50. The company has a current ratio of 2.69, a quick ratio of 1.89 and a debt-to-equity ratio of 0.77. The firm has a market capitalization of $776.16 million, a price-to-earnings ratio of 22.57 and a beta of 2.48.
DXP Enterprises (NASDAQ:DXPE) last posted its earnings results on Thursday, March 7th. The industrial products company reported $0.60 EPS for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.20. DXP Enterprises had a return on equity of 12.11% and a net margin of 2.93%. The company had revenue of $311.01 million for the quarter, compared to the consensus estimate of $301.70 million. On average, research analysts predict that DXP Enterprises Inc will post 2.36 EPS for the current fiscal year.
A number of research firms have commented on DXPE. Zacks Investment Research downgraded DXP Enterprises from a “buy” rating to a “hold” rating in a research report on Thursday, February 21st. ValuEngine downgraded DXP Enterprises from a “buy” rating to a “hold” rating in a research report on Tuesday, January 29th. Finally, BidaskClub upgraded DXP Enterprises from a “strong sell” rating to a “sell” rating in a research report on Wednesday, February 20th. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $49.00.
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DXP Enterprises Profile
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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