Stratos Wealth Partners LTD. Has $207,000 Stock Holdings in DXP Enterprises, Inc. $DXPE

Stratos Wealth Partners LTD. cut its stake in DXP Enterprises, Inc. (NASDAQ:DXPE) by 67.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,885 shares of the industrial products company’s stock after selling 3,949 shares during the period. Stratos Wealth Partners LTD.’s holdings in DXP Enterprises were worth $207,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. HM Payson & Co. acquired a new position in DXP Enterprises in the 3rd quarter valued at $27,000. EverSource Wealth Advisors LLC raised its holdings in DXP Enterprises by 3,507.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 469 shares of the industrial products company’s stock valued at $41,000 after acquiring an additional 456 shares in the last quarter. TD Waterhouse Canada Inc. acquired a new position in DXP Enterprises in the 3rd quarter valued at $58,000. GAMMA Investing LLC raised its holdings in shares of DXP Enterprises by 35.4% during the 4th quarter. GAMMA Investing LLC now owns 860 shares of the industrial products company’s stock worth $94,000 after buying an additional 225 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its holdings in shares of DXP Enterprises by 498.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,802 shares of the industrial products company’s stock worth $158,000 after buying an additional 1,501 shares in the last quarter. 74.82% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Joseph R. Mannes sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $137.95, for a total transaction of $206,925.00. Following the completion of the sale, the director owned 13,964 shares of the company’s stock, valued at $1,926,333.80. This trade represents a 9.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 22.40% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Loop Capital set a $154.00 price target on DXP Enterprises in a report on Monday, March 2nd. Wall Street Zen raised DXP Enterprises from a “hold” rating to a “buy” rating in a report on Saturday, March 28th. Weiss Ratings reissued a “buy (b-)” rating on shares of DXP Enterprises in a report on Monday, December 29th. Finally, Zacks Research raised DXP Enterprises from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 12th. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $154.00.

DXP Enterprises Trading Down 0.9%

Shares of DXPE stock opened at $154.62 on Wednesday. The stock has a market cap of $2.40 billion, a price-to-earnings ratio of 28.74 and a beta of 0.96. The stock has a 50-day moving average of $142.84 and a 200-day moving average of $122.99. The company has a current ratio of 3.34, a quick ratio of 2.94 and a debt-to-equity ratio of 1.64. DXP Enterprises, Inc. has a 1-year low of $75.58 and a 1-year high of $171.70.

DXP Enterprises (NASDAQ:DXPE) last issued its quarterly earnings results on Wednesday, February 25th. The industrial products company reported $1.39 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.48. The company had revenue of $527.39 million during the quarter, compared to analysts’ expectations of $499.00 million. DXP Enterprises had a return on equity of 18.83% and a net margin of 4.40%. On average, equities research analysts forecast that DXP Enterprises, Inc. will post 4.07 earnings per share for the current year.

DXP Enterprises Profile

DXP Enterprises, Inc is a Houston, Texas–based industrial products and services distributor serving customers across North America. The company provides a broad portfolio of maintenance, repair and operations (MRO) supplies, including fluid power components, safety products, mechanical power transmission parts, and instrumentation. DXP’s product offering spans well-recognized private brands as well as equipment and parts from leading global manufacturers, enabling clients in energy, heavy industrial and manufacturing sectors to source critical components from a single supplier.

Through its network of service centers and specialized repair facilities, DXP delivers inventory management programs, turnkey fluid power rebuilds and custom assembly solutions.