Thoroughbred Financial Services LLC Has $380,000 Stake in DXP Enterprises, Inc. $DXPE

Thoroughbred Financial Services LLC decreased its position in shares of DXP Enterprises, Inc. (NASDAQ:DXPE) by 51.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 3,465 shares of the industrial products company’s stock after selling 3,662 shares during the period. Thoroughbred Financial Services LLC’s holdings in DXP Enterprises were worth $380,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. EverSource Wealth Advisors LLC increased its holdings in shares of DXP Enterprises by 3,507.7% during the second quarter. EverSource Wealth Advisors LLC now owns 469 shares of the industrial products company’s stock worth $41,000 after buying an additional 456 shares in the last quarter. TD Waterhouse Canada Inc. acquired a new position in DXP Enterprises in the third quarter worth $58,000. Clearstead Advisors LLC boosted its stake in DXP Enterprises by 164.5% in the fourth quarter. Clearstead Advisors LLC now owns 492 shares of the industrial products company’s stock worth $54,000 after purchasing an additional 306 shares in the last quarter. GAMMA Investing LLC boosted its stake in DXP Enterprises by 35.4% in the fourth quarter. GAMMA Investing LLC now owns 860 shares of the industrial products company’s stock worth $94,000 after purchasing an additional 225 shares in the last quarter. Finally, Laurel Wealth Advisors LLC acquired a new position in DXP Enterprises in the fourth quarter worth $154,000. Institutional investors and hedge funds own 74.82% of the company’s stock.

DXP Enterprises Stock Down 2.6%

NASDAQ DXPE opened at $145.06 on Friday. The stock has a fifty day moving average of $150.49 and a 200-day moving average of $130.77. The stock has a market capitalization of $2.25 billion, a P/E ratio of 27.11 and a beta of 1.07. DXP Enterprises, Inc. has a 52 week low of $75.58 and a 52 week high of $183.91. The company has a debt-to-equity ratio of 1.60, a quick ratio of 2.56 and a current ratio of 2.98.

DXP Enterprises (NASDAQ:DXPE) last released its earnings results on Thursday, May 7th. The industrial products company reported $1.26 EPS for the quarter, missing the consensus estimate of $1.38 by ($0.12). The firm had revenue of $521.66 million during the quarter, compared to analyst estimates of $531.00 million. DXP Enterprises had a net margin of 4.27% and a return on equity of 18.16%. On average, equities research analysts forecast that DXP Enterprises, Inc. will post 6.2 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on DXPE. Weiss Ratings reissued a “buy (b)” rating on shares of DXP Enterprises in a research note on Friday, May 22nd. Wall Street Zen raised DXP Enterprises from a “hold” rating to a “buy” rating in a research note on Sunday, May 24th. Freedom Capital downgraded shares of DXP Enterprises from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 11th. Zacks Research cut shares of DXP Enterprises from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 11th. Finally, Loop Capital set a $154.00 price target on shares of DXP Enterprises in a research note on Monday, March 2nd. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $154.00.

Insider Activity

In other news, Director Timothy P. Halter sold 6,842 shares of the firm’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $141.59, for a total value of $968,758.78. Following the transaction, the director owned 30,000 shares of the company’s stock, valued at approximately $4,247,700. This trade represents a 18.57% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Joseph R. Mannes sold 1,500 shares of the firm’s stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $137.95, for a total transaction of $206,925.00. Following the completion of the transaction, the director directly owned 13,964 shares in the company, valued at $1,926,333.80. This trade represents a 9.70% decrease in their position. The disclosure for this sale is available in the SEC filing. 22.70% of the stock is currently owned by company insiders.

DXP Enterprises Company 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.