Element Capital Management LLC Takes Position in DXP Enterprises Inc (DXPE)

Share on StockTwits

Element Capital Management LLC purchased a new position in shares of DXP Enterprises Inc (NASDAQ:DXPE) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 5,293 shares of the industrial products company’s stock, valued at approximately $206,000.

Several other institutional investors also recently made changes to their positions in the company. BlackRock Inc. raised its position in shares of DXP Enterprises by 1.0% during the 1st quarter. BlackRock Inc. now owns 2,014,560 shares of the industrial products company’s stock worth $78,468,000 after purchasing an additional 20,156 shares during the period. Frontier Capital Management Co. LLC increased its position in DXP Enterprises by 1.0% in the 1st quarter. Frontier Capital Management Co. LLC now owns 1,100,073 shares of the industrial products company’s stock valued at $42,848,000 after acquiring an additional 10,394 shares during the period. Van Berkom & Associates Inc. increased its position in DXP Enterprises by 19.4% in the 1st quarter. Van Berkom & Associates Inc. now owns 1,023,067 shares of the industrial products company’s stock valued at $39,848,000 after acquiring an additional 166,275 shares during the period. Dimensional Fund Advisors LP increased its position in DXP Enterprises by 3.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 983,766 shares of the industrial products company’s stock valued at $38,318,000 after acquiring an additional 33,649 shares during the period. Finally, Hood River Capital Management LLC increased its position in DXP Enterprises by 15.7% in the 1st quarter. Hood River Capital Management LLC now owns 570,439 shares of the industrial products company’s stock valued at $22,219,000 after acquiring an additional 77,592 shares during the period. Institutional investors and hedge funds own 76.83% of the company’s stock.

In other news, insider Kent Nee Hung Yee sold 3,175 shares of DXP Enterprises stock in a transaction on Thursday, March 29th. The stock was sold at an average price of $39.35, for a total transaction of $124,936.25. Following the transaction, the insider now directly owns 40,846 shares in the company, valued at approximately $1,607,290.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Cletus Davis sold 1,000 shares of DXP Enterprises stock in a transaction on Monday, June 11th. The shares were sold at an average price of $40.03, for a total value of $40,030.00. Following the transaction, the director now owns 16,546 shares in the company, valued at $662,336.38. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,139 shares of company stock worth $483,196. 9.20% of the stock is owned by insiders.

Several analysts recently commented on DXPE shares. Stephens set a $48.00 target price on DXP Enterprises and gave the company a “buy” rating in a research report on Wednesday, March 21st. Zacks Investment Research upgraded DXP Enterprises from a “hold” rating to a “strong-buy” rating and set a $48.00 target price on the stock in a research report on Friday, March 23rd. Finally, BidaskClub upgraded DXP Enterprises from a “hold” rating to a “buy” rating in a research report on Thursday, June 21st.

DXPE opened at $39.52 on Wednesday. DXP Enterprises Inc has a 12 month low of $24.86 and a 12 month high of $43.21. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.67 and a current ratio of 2.44. The company has a market capitalization of $678.96 million, a P/E ratio of 42.48 and a beta of 2.35.

DXP Enterprises (NASDAQ:DXPE) last posted its earnings results on Tuesday, May 8th. The industrial products company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.22 by $0.02. DXP Enterprises had a return on equity of 6.40% and a net margin of 1.74%. The firm had revenue of $285.94 million for the quarter, compared to analysts’ expectations of $276.00 million. During the same period last year, the firm earned $0.17 EPS. The firm’s revenue was up 19.9% compared to the same quarter last year. research analysts expect that DXP Enterprises Inc will post 1.18 earnings per share for the current fiscal year.

About DXP Enterprises

DXP Enterprises, Inc engages in distributing maintenance, repair, and operating (MRO) products, equipment, and services to energy and industrial customers in the United States. It operates through three segments: Service Centers, Supply Chain Services, and Innovative Pumping Solutions. The Service Centers segment offers MRO products, equipment, and integrated services, including technical expertise and logistics services.

Institutional Ownership by Quarter for DXP Enterprises (NASDAQ:DXPE)

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.

Leave a Reply