Renaissance Technologies LLC Sells 19,400 Shares of DXP Enterprises, Inc. (NASDAQ:DXPE)

Renaissance Technologies LLC decreased its holdings in shares of DXP Enterprises, Inc. (NASDAQ:DXPE) by 17.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 89,900 shares of the industrial products company’s stock after selling 19,400 shares during the period. Renaissance Technologies LLC owned about 0.57% of DXP Enterprises worth $7,428,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Global Retirement Partners LLC raised its holdings in shares of DXP Enterprises by 2,220.0% in the fourth quarter. Global Retirement Partners LLC now owns 348 shares of the industrial products company’s stock valued at $29,000 after buying an additional 333 shares during the last quarter. Smartleaf Asset Management LLC increased its position in DXP Enterprises by 3,150.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 520 shares of the industrial products company’s stock valued at $43,000 after acquiring an additional 504 shares in the last quarter. Longboard Asset Management LP bought a new position in shares of DXP Enterprises in the fourth quarter worth about $216,000. Pictet Asset Management Holding SA acquired a new position in shares of DXP Enterprises during the fourth quarter worth approximately $218,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of DXP Enterprises during the fourth quarter valued at approximately $224,000. 74.82% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Timothy P. Halter sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, March 24th. The shares were 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 $4,121,768.75. This trade represents a 9.82 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CMO Paz Maestas sold 4,328 shares of the stock in a transaction on 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 of the company’s stock, valued at $54,584,992.56. The trade was a 0.70 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 12,785 shares of company stock worth $1,139,818. 22.40% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Stephens upped their price objective on DXP Enterprises from $75.00 to $95.00 and gave the stock an “overweight” rating in a report on Monday, March 10th. StockNews.com upgraded shares of DXP Enterprises from a “hold” rating to a “buy” rating in a research report on Friday.

DXP Enterprises Trading Up 1.5 %

NASDAQ:DXPE opened at $80.80 on Friday. The firm has a market capitalization of $1.27 billion, a price-to-earnings ratio of 20.82 and a beta of 1.29. DXP Enterprises, Inc. has a 1-year low of $43.25 and a 1-year high of $107.06. The business’s 50-day moving average price is $85.27 and its two-hundred day moving average price is $79.08. The company has a current ratio of 2.22, a quick ratio of 1.78 and a debt-to-equity ratio of 1.29.

DXP Enterprises (NASDAQ:DXPE) last announced its quarterly earnings results on Thursday, March 6th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.49. The company had revenue of $470.91 million during the quarter, compared to analyst estimates of $447.00 million. DXP Enterprises had a net margin of 3.75% and a return on equity of 18.74%. On average, equities analysts expect that DXP Enterprises, Inc. will post 4.07 earnings per share for the current year.

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).