2 weeks Ago By Defense World Staff
Raymond James Financial Inc. bought a new stake in DXP Enterprises, Inc. (NASDAQ:DXPE – Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission.
The firm bought 12,546 shares of the industrial products company’s stock, valued at approximately $1,037,000. Raymond James Financial Inc. owned 0.
08% of DXP Enterprises as of its most recent filing with the Securities and Exchange Commission. Other institutional investors and hedge funds also recently made changes to their positions in the company. FMR LLC increased its position in DXP Enterprises by 21.
8% in the third quarter. FMR LLC now owns 776,950 shares of the industrial products company’s stock worth $41,458,000 after purchasing an additional 139,027 shares during the period. Quantbot Technologies LP acquired a new position in DXP Enterprises during the 3rd quarter valued at about $41,000.
Hotchkis & Wiley Capital Management LLC bought a new position in shares of DXP Enterprises in the 3rd quarter valued at about $3,355,000. Jane Street Group LLC grew its position in shares of DXP Enterprises by 9.6% during the 3rd quarter.
Jane Street Group LLC now owns 5,915 shares of the industrial products company’s stock worth $316,000 after buying an additional 517 shares during the period. Finally, Barclays PLC grew its position in shares of DXP Enterprises by 355.4% during the 3rd quarter.
Barclays PLC now owns 23,723 shares of the industrial products company’s stock worth $1,267,000 after buying an additional 18,514 shares during the period. Institutional investors own 74.82% of the company’s stock.
DXP Enterprises Price PerformanceShares of DXPE opened at $77.62 on Friday. The stock has a market cap of $1.
22 billion, a P/E ratio of 20.01 and a beta of 1.66.
DXP Enterprises, Inc. has a 1 year low of $43.25 and a 1 year high of $107.
06. The stock’s 50-day moving average price is $91.45 and its two-hundred day moving average price is $76.
98. The company has a current ratio of 2.22, a quick ratio of 1.
78 and a debt-to-equity ratio of 1.29. DXP Enterprises (NASDAQ:DXPE – Get Free Report) last released its quarterly earnings data on Thursday, March 6th.
The industrial products company reported $1.38 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.
49. DXP Enterprises had a net margin of 3.75% and a return on equity of 18.
74%. The business had revenue of $470.91 million for the quarter, compared to analyst estimates of $447.
00 million. On average, equities analysts predict that DXP Enterprises, Inc. will post 4.
07 earnings per share for the current year. Insider Transactions at DXP EnterprisesIn other DXP Enterprises news, CEO David R. Little purchased 5,999 shares of the stock in a transaction on Wednesday, March 26th.
The stock was bought at an average cost of $82.70 per share, for a total transaction of $496,117.30.
Following the completion of the acquisition, the chief executive officer now directly owns 1,257,593 shares of the company’s stock, valued at $104,002,941.10. The trade was a 0.
48 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CMO Paz Maestas sold 4,328 shares of DXP Enterprises stock in a transaction dated Wednesday, March 19th.
The shares were sold at an average price of $89.04, for a total value of $385,365.12.
Following the transaction, the chief marketing officer now owns 613,039 shares in the company, valued at $54,584,992.56. This trade represents a 0.
70 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,785 shares of company stock valued at $1,139,818 over the last three months.
22.40% of the stock is currently owned by corporate insiders. Analyst Upgrades and DowngradesDXPE has been the topic of a number of recent research reports.
StockNews.com raised shares of DXP Enterprises from a “hold” rating to a “buy” rating in a research note on Wednesday. Stephens increased their price target on DXP Enterprises from $75.
00 to $95.00 and gave the company an “overweight” rating in a research note on Monday, March 10th.Check Out Our Latest Research Report on DXP EnterprisesAbout DXP Enterprises (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).Further ReadingFive stocks we like better than DXP EnterprisesWhat is a Low P/E Ratio and What Does it Tell Investors?Shares of RH Down Nearly 40%: Where Investors Can Turn To NowUpcoming IPO Stock Lockup Period, ExplainedTariffs, Spin-Out, and R2 Updates Are Positive Signs for RivianHigh Dividend REITs: Are They an Ideal Way to Diversify?Cathie Wood Loads Up on Baidu—Is It the Right Time to Buy?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)..
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