Public Employees Retirement System of Ohio raised its holdings in DXP Enterprises Inc (NASDAQ:DXPE) by 1.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 23,937 shares of the industrial products company’s stock after acquiring an additional 317 shares during the period. Public Employees Retirement System of Ohio’s holdings in DXP Enterprises were worth $666,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also modified their holdings of the business. KBC Group NV raised its holdings in DXP Enterprises by 3.8% in the 4th quarter. KBC Group NV now owns 10,730 shares of the industrial products company’s stock valued at $299,000 after acquiring an additional 395 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. raised its holdings in DXP Enterprises by 100.0% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,000 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 500 shares during the last quarter. Texas Permanent School Fund raised its holdings in DXP Enterprises by 5.1% in the 4th quarter. Texas Permanent School Fund now owns 10,463 shares of the industrial products company’s stock valued at $291,000 after acquiring an additional 508 shares during the last quarter. Advisor Group Inc. raised its holdings in DXP Enterprises by 62.2% in the 4th quarter. Advisor Group Inc. now owns 1,552 shares of the industrial products company’s stock valued at $43,000 after acquiring an additional 595 shares during the last quarter. Finally, Laurel Wealth Advisors LLC acquired a new position in DXP Enterprises in the 4th quarter valued at $28,000. Institutional investors own 79.77% of the company’s stock.
In other news, VP Kent Nee Hung Yee sold 7,500 shares of the business’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $40.32, for a total transaction of $302,400.00. Following the completion of the sale, the vice president now directly owns 29,146 shares of the company’s stock, valued at approximately $1,175,166.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 9.20% of the stock is owned by insiders.
Several brokerages have weighed in on DXPE. Sidoti cut their price target on DXP Enterprises from $61.00 to $52.00 and set a “buy” rating for the company in a report on Tuesday, February 26th. Zacks Investment Research upgraded DXP Enterprises from a “hold” rating to a “buy” rating and set a $37.00 price target for the company in a report on Thursday, February 7th. BidaskClub upgraded DXP Enterprises from a “strong sell” rating to a “sell” rating in a report on Wednesday, February 20th. TheStreet upgraded DXP Enterprises from a “c+” rating to a “b” rating in a report on Friday, March 8th. Finally, ValuEngine upgraded DXP Enterprises from a “hold” rating to a “buy” rating in a report on Wednesday, January 9th. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. DXP Enterprises has an average rating of “Buy” and a consensus price target of $49.00.
Shares of NASDAQ DXPE opened at $44.15 on Monday. DXP Enterprises Inc has a 52-week low of $26.95 and a 52-week high of $49.50. The firm has a market cap of $776.16 million, a PE ratio of 22.76 and a beta of 2.48. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.69 and a quick ratio of 1.89.
DXP Enterprises (NASDAQ:DXPE) last announced its quarterly earnings data on Thursday, March 7th. The industrial products company reported $0.60 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.20. DXP Enterprises had a net margin of 2.93% and a return on equity of 12.11%. The company had revenue of $311.01 million during the quarter, compared to analysts’ expectations of $301.70 million. As a group, sell-side analysts expect that DXP Enterprises Inc will post 2.36 EPS for the current fiscal year.
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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.
Further Reading: What are Institutional Investors?
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