Yousif Capital Management LLC lowered its holdings in shares of DXP Enterprises, Inc. (NASDAQ:DXPE – Free Report) by 12.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,814 shares of the industrial products company’s stock after selling 1,265 shares during the period. Yousif Capital Management LLC’s holdings in DXP Enterprises were worth $237,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DXPE. Swiss National Bank raised its position in DXP Enterprises by 3.5% during the first quarter. Swiss National Bank now owns 41,700 shares of the industrial products company’s stock worth $1,130,000 after acquiring an additional 1,400 shares during the last quarter. Citigroup Inc. raised its position in shares of DXP Enterprises by 14.3% in the first quarter. Citigroup Inc. now owns 15,010 shares of the industrial products company’s stock valued at $407,000 after buying an additional 1,882 shares during the last quarter. MetLife Investment Management LLC raised its position in shares of DXP Enterprises by 48.0% in the first quarter. MetLife Investment Management LLC now owns 10,324 shares of the industrial products company’s stock valued at $280,000 after buying an additional 3,346 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of DXP Enterprises by 15.2% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 14,872 shares of the industrial products company’s stock valued at $403,000 after buying an additional 1,959 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of DXP Enterprises by 0.8% in the first quarter. Dimensional Fund Advisors LP now owns 844,094 shares of the industrial products company’s stock valued at $22,867,000 after buying an additional 6,593 shares during the last quarter. Institutional investors and hedge funds own 70.18% of the company’s stock.
Analysts Set New Price Targets
Separately, StockNews.com initiated coverage on shares of DXP Enterprises in a research report on Thursday, May 18th. They issued a “strong-buy” rating for the company.
DXP Enterprises Stock Performance
Shares of DXPE stock opened at $37.76 on Wednesday. DXP Enterprises, Inc. has a one year low of $22.06 and a one year high of $39.89. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.91 and a current ratio of 2.40. The company has a 50 day moving average price of $36.61 and a 200 day moving average price of $31.15. The firm has a market capitalization of $655.51 million, a price-to-earnings ratio of 13.83 and a beta of 1.90.
DXP Enterprises (NASDAQ:DXPE – Get Free Report) last issued its quarterly earnings results on Thursday, May 11th. The industrial products company reported $0.95 EPS for the quarter. DXP Enterprises had a net margin of 3.31% and a return on equity of 15.03%. The firm had revenue of $424.27 million during the quarter. Sell-side analysts anticipate that DXP Enterprises, Inc. will post 3.88 EPS for the current year.
Insider Buying and Selling
In other DXP Enterprises news, VP Todd Hamlin sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, May 26th. The shares were sold at an average price of $32.37, for a total transaction of $129,480.00. Following the completion of the sale, the vice president now directly owns 30,761 shares in the company, valued at $995,733.57. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other DXP Enterprises news, CMO Paz Maestas sold 15,000 shares of the business’s stock in a transaction that occurred on Friday, May 26th. The shares were sold at an average price of $32.37, for a total transaction of $485,550.00. Following the completion of the sale, the chief marketing officer now directly owns 636,723 shares in the company, valued at $20,610,723.51. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Todd Hamlin sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, May 26th. The stock was sold at an average price of $32.37, for a total transaction of $129,480.00. Following the sale, the vice president now owns 30,761 shares of the company’s stock, valued at $995,733.57. The disclosure for this sale can be found here. 22.10% of the stock is currently owned by company insiders.
DXP Enterprises 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).
Further Reading
- Five stocks we like better than DXP Enterprises
- How to Invest in E-Commerce: A Guide
- 5 Best Fintech Stocks to Buy Now
- Consumer Discretionary Stocks Explained
- UPS Slipping To More Attractive Levels On Weak OutlookÂ
- Crypto vs Stocks: How to Choose Your Investments
- More Good News Coming? GoodRx Spikes Ahead of Q2 Earnings
Receive News & Ratings for DXP Enterprises Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DXP Enterprises and related companies with MarketBeat.com's FREE daily email newsletter.
