State of Wyoming Buys 1,569 Shares of DXP Enterprises, Inc. (NASDAQ:DXPE)

State of Wyoming boosted its stake in DXP Enterprises, Inc. (NASDAQ:DXPE) by 21.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,724 shares of the industrial products company’s stock after purchasing an additional 1,569 shares during the quarter. State of Wyoming owned approximately 0.06% of DXP Enterprises worth $721,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. CastleKnight Management LP raised its holdings in shares of DXP Enterprises by 0.3% in the 4th quarter. CastleKnight Management LP now owns 117,300 shares of the industrial products company’s stock valued at $9,691,000 after acquiring an additional 300 shares in the last quarter. Sterling Capital Management LLC raised its holdings in shares of DXP Enterprises by 4.4% in the 4th quarter. Sterling Capital Management LLC now owns 7,656 shares of the industrial products company’s stock valued at $633,000 after acquiring an additional 326 shares in the last quarter. Global Retirement Partners LLC raised 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 valued at $29,000 after acquiring an additional 333 shares in the last quarter. Federated Hermes Inc. raised its holdings in shares of DXP Enterprises by 4.7% in the 4th quarter. Federated Hermes Inc. now owns 11,220 shares of the industrial products company’s stock valued at $927,000 after acquiring an additional 502 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its holdings in shares of 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. Institutional investors own 74.82% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. StockNews.com cut DXP Enterprises from a “buy” rating to a “hold” rating in a report on Friday. Stephens raised their price objective on DXP Enterprises from $75.00 to $95.00 and gave the company an “overweight” rating in a report on Monday, March 10th.

Insiders Place Their Bets

In other news, Director Timothy P. Halter sold 5,000 shares of DXP Enterprises 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 sale, the director now directly owns 45,925 shares in the company, valued at approximately $4,121,768.75. This trade represents a 9.82% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CMO Paz Maestas sold 4,328 shares of DXP Enterprises stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $89.04, for a total value of $385,365.12. Following the completion of the sale, the chief marketing officer now owns 613,039 shares in the company, valued at approximately $54,584,992.56. This represents 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 valued at $1,139,818 in the last ninety days. Company insiders own 22.70% of the company’s stock.

DXP Enterprises Stock Performance

Shares of NASDAQ DXPE opened at $89.76 on Monday. The stock has a market cap of $1.41 billion, a price-to-earnings ratio of 23.13 and a beta of 1.26. 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, Inc. has a 1-year low of $43.25 and a 1-year high of $107.06. The stock’s 50-day moving average is $83.86 and its 200 day moving average is $84.21.

DXP Enterprises (NASDAQ:DXPE) last announced its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $1.26 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.06. The business had revenue of $476.57 million for the quarter, compared to analysts’ expectations of $477.00 million. DXP Enterprises had a return on equity of 18.74% and a net margin of 3.75%. On average, sell-side analysts anticipate that DXP Enterprises, Inc. will post 4.07 EPS for the current fiscal year.

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).