Dynamic Technology Lab Private Ltd purchased a new position in shares of DXP Enterprises Inc (NASDAQ:DXPE) during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 10,421 shares of the industrial products company’s stock, valued at approximately $406,000. Dynamic Technology Lab Private Ltd owned approximately 0.06% of DXP Enterprises as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of DXPE. Schwab Charles Investment Management Inc. lifted its position in DXP Enterprises by 14.6% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 66,396 shares of the industrial products company’s stock worth $1,964,000 after buying an additional 8,483 shares in the last quarter. California Public Employees Retirement System lifted its position in DXP Enterprises by 7.6% during the 4th quarter. California Public Employees Retirement System now owns 68,159 shares of the industrial products company’s stock worth $2,015,000 after buying an additional 4,791 shares in the last quarter. Arizona State Retirement System lifted its position in DXP Enterprises by 221.8% during the 4th quarter. Arizona State Retirement System now owns 26,600 shares of the industrial products company’s stock valued at $787,000 after purchasing an additional 18,335 shares during the period. Rhumbline Advisers lifted its position in DXP Enterprises by 16.4% during the 4th quarter. Rhumbline Advisers now owns 36,825 shares of the industrial products company’s stock valued at $1,089,000 after purchasing an additional 5,190 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in DXP Enterprises by 5.0% during the 4th quarter. Bank of New York Mellon Corp now owns 183,055 shares of the industrial products company’s stock valued at $5,412,000 after purchasing an additional 8,684 shares during the period. Institutional investors and hedge funds own 76.83% of the company’s stock.

DXP Enterprises stock opened at $39.46 on Wednesday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.67 and a current ratio of 2.44. DXP Enterprises Inc has a 1 year low of $24.86 and a 1 year high of $43.21. The stock has a market cap of $663.67 million, a price-to-earnings ratio of 45.88 and a beta of 2.44.

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

A number of research firms have issued reports on DXPE. ValuEngine upgraded shares of DXP Enterprises from a “hold” rating to a “buy” rating in a research report on Wednesday. BidaskClub upgraded shares of DXP Enterprises from a “hold” rating to a “buy” rating in a research report on Thursday, June 21st. Zacks Investment Research upgraded shares of DXP Enterprises from a “strong sell” rating to a “hold” rating in a research report on Wednesday, June 6th. Finally, Stephens set a $48.00 target price on shares of DXP Enterprises and gave the company a “buy” rating in a research report on Wednesday, March 21st.

In other news, VP Christopher T. Gregory sold 674 shares of the company’s stock in a transaction dated Thursday, May 17th. The stock was sold at an average price of $39.51, for a total value of $26,629.74. Following the completion of the sale, the vice president now directly owns 146 shares of the company’s stock, valued at approximately $5,768.46. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Cletus Davis sold 1,000 shares of the company’s stock in a transaction dated Monday, June 11th. The shares were sold at an average price of $40.03, for a total value of $40,030.00. Following the completion of the sale, the director now directly owns 16,546 shares of the company’s stock, valued at $662,336.38. The disclosure for this sale can be found here. Corporate insiders own 9.20% of the company’s stock.

DXP Enterprises Profile

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.

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

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