1 week Ago By ABMN Staff
KLP Kapitalforvaltning AS purchased a new position in shares of DXP Enterprises, Inc. ( NASDAQ:DXPE – Free Report ) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 2,800 shares of the industrial products company’s stock, valued at approximately $231,000.
Other institutional investors have also added to or reduced their stakes in the company. Global Retirement Partners LLC increased its position in DXP Enterprises by 2,220.0% during the 4th quarter.
Global Retirement Partners LLC now owns 348 shares of the industrial products company’s stock worth $29,000 after buying an additional 333 shares during the period. Smartleaf Asset Management LLC increased its position in DXP Enterprises by 3,150.0% during the fourth quarter.
Smartleaf Asset Management LLC now owns 520 shares of the industrial products company’s stock worth $43,000 after acquiring an additional 504 shares during the period. Longboard Asset Management LP acquired a new stake in DXP Enterprises in the 4th quarter worth about $216,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in DXP Enterprises in the 4th quarter valued at about $224,000.
Finally, Savant Capital LLC acquired a new position in shares of DXP Enterprises during the 4th quarter worth approximately $230,000. 74.82% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades DXPE has been the subject of a number of analyst reports. Stephens lifted their price target on shares of DXP Enterprises from $75.00 to $95.
00 and gave the company an “overweight” rating in a research report on Monday, March 10th. StockNews.com raised DXP Enterprises from a “hold” rating to a “buy” rating in a report on Wednesday, April 2nd.
Insiders Place Their Bets In other DXP Enterprises news, CFO Kent Nee Hung Yee sold 3,457 shares of DXP Enterprises stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $88.43, for a total value of $305,702.
51. Following the transaction, the chief financial officer now owns 68,849 shares in the company, valued at $6,088,317.07.
The trade was a 4.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link .
Also, CEO David R. Little bought 5,999 shares of the stock in a transaction on Wednesday, March 26th. The shares were acquired at an average cost of $82.
70 per share, with a total value of $496,117.30. Following the purchase, the chief executive officer now owns 1,257,593 shares of the company’s stock, valued at approximately $104,002,941.
10. This represents a 0.48 % increase in their position.
The disclosure for this purchase can be found here . Insiders sold 12,785 shares of company stock worth $1,139,818 over the last three months. Insiders own 22.
40% of the company’s stock. DXP Enterprises Trading Down 0.4 % DXPE opened at $73.
16 on Tuesday. The stock has a market capitalization of $1.15 billion, a price-to-earnings ratio of 18.
86 and a beta of 1.29. The company has a quick ratio of 1.
78, a current ratio of 2.22 and a debt-to-equity ratio of 1.29.
DXP Enterprises, Inc. has a twelve month low of $43.25 and a twelve month high of $107.
06. The company has a 50-day simple moving average of $90.24 and a 200 day simple moving average of $77.
63. DXP Enterprises ( NASDAQ:DXPE – Get Free Report ) last issued its quarterly earnings results on Thursday, March 6th. The industrial products company reported $1.
38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.49.
The company had revenue of $470.91 million during the quarter, compared to the consensus estimate of $447.00 million.
DXP Enterprises had a net margin of 3.75% and a return on equity of 18.74%.
Analysts predict that DXP Enterprises, Inc. will post 4.07 EPS for the current fiscal year.
DXP Enterprises Profile ( Free Report ) 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). Featured Stories Want to see what other hedge funds are holding DXPE? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for DXP Enterprises, Inc. ( NASDAQ:DXPE – Free Report ). 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.
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