DXP Enterprises Inc (DXPE) Stake Lessened by Quantamental Technologies LLC
Quantamental Technologies LLC lowered its stake in shares of DXP Enterprises Inc (NASDAQ:DXPE) by 35.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 883 shares of the industrial products company’s stock after selling 492 shares during the quarter. Quantamental Technologies LLC’s holdings in DXP Enterprises were worth $34,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently bought and sold shares of the company. BlackRock Inc. increased its holdings in DXP Enterprises by 1.5% in the 4th quarter. BlackRock Inc. now owns 2,410,172 shares of the industrial products company’s stock worth $67,097,000 after buying an additional 35,801 shares during the period. Nantahala Capital Management LLC increased its holdings in DXP Enterprises by 18.7% in the 4th quarter. Nantahala Capital Management LLC now owns 1,147,964 shares of the industrial products company’s stock worth $31,959,000 after buying an additional 180,936 shares during the period. Dimensional Fund Advisors LP increased its holdings in DXP Enterprises by 1.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,010,183 shares of the industrial products company’s stock worth $28,124,000 after buying an additional 13,270 shares during the period. Vanguard Group Inc increased its holdings in DXP Enterprises by 1.1% in the 3rd quarter. Vanguard Group Inc now owns 939,221 shares of the industrial products company’s stock worth $37,635,000 after buying an additional 10,555 shares during the period. Finally, Vanguard Group Inc. boosted its position in DXP Enterprises by 1.1% in the 3rd quarter. Vanguard Group Inc. now owns 939,221 shares of the industrial products company’s stock worth $37,635,000 after purchasing an additional 10,555 shares in the last quarter. Hedge funds and other institutional investors own 78.85% of the company’s stock.
In other DXP Enterprises news, insider Kent Nee Hung Yee sold 14,960 shares of the company’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $40.52, for a total value of $606,179.20. Following the sale, the insider now owns 29,146 shares in the company, valued at approximately $1,180,995.92. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 9.20% of the company’s stock.
DXP Enterprises stock opened at $35.67 on Thursday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.71 and a current ratio of 2.48. DXP Enterprises Inc has a 12 month low of $26.95 and a 12 month high of $49.50. The company has a market capitalization of $632.44 million, a price-to-earnings ratio of 18.39, a P/E/G ratio of 0.87 and a beta of 2.49.
DXP Enterprises (NASDAQ:DXPE) last released its quarterly earnings data on Tuesday, May 7th. The industrial products company reported $0.40 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.40. DXP Enterprises had a return on equity of 12.59% and a net margin of 3.09%. The business had revenue of $311.20 million for the quarter, compared to analyst estimates of $310.87 million. During the same quarter in the prior year, the firm posted $0.24 EPS. The business’s quarterly revenue was up 8.8% compared to the same quarter last year. Sell-side analysts expect that DXP Enterprises Inc will post 2.36 earnings per share for the current 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 in 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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