DXP Enterprises, Inc. $DXPE Stake Lessened by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership lessened its holdings in DXP Enterprises, Inc. (NASDAQ:DXPE) by 4.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 188,356 shares of the industrial products company’s stock after selling 8,067 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in DXP Enterprises were worth $16,509,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Quantbot Technologies LP lifted its stake in DXP Enterprises by 14.5% in the 2nd quarter. Quantbot Technologies LP now owns 10,792 shares of the industrial products company’s stock worth $946,000 after acquiring an additional 1,367 shares in the last quarter. De Lisle Partners LLP boosted its holdings in shares of DXP Enterprises by 10.6% during the second quarter. De Lisle Partners LLP now owns 26,154 shares of the industrial products company’s stock worth $2,290,000 after purchasing an additional 2,500 shares during the period. Quadrature Capital Ltd purchased a new position in DXP Enterprises during the second quarter valued at approximately $712,000. Hsbc Holdings PLC increased its stake in DXP Enterprises by 16.6% in the 2nd quarter. Hsbc Holdings PLC now owns 5,082 shares of the industrial products company’s stock valued at $441,000 after buying an additional 724 shares during the period. Finally, Russell Investments Group Ltd. lifted its position in DXP Enterprises by 19.3% in the 2nd quarter. Russell Investments Group Ltd. now owns 4,699 shares of the industrial products company’s stock worth $412,000 after buying an additional 761 shares in the last quarter. 74.82% of the stock is owned by institutional investors and hedge funds.

DXP Enterprises Trading Up 1.0%

DXP Enterprises stock opened at $96.71 on Tuesday. DXP Enterprises, Inc. has a one year low of $67.68 and a one year high of $130.97. The company’s fifty day moving average price is $108.28 and its two-hundred day moving average price is $104.81. The company has a market capitalization of $1.52 billion, a price-to-earnings ratio of 18.32 and a beta of 1.01. The company has a debt-to-equity ratio of 1.27, a current ratio of 2.77 and a quick ratio of 2.36.

DXP Enterprises (NASDAQ:DXPE) last released its quarterly earnings results on Thursday, November 6th. The industrial products company reported $1.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.45 by ($0.11). The company had revenue of $513.72 million for the quarter, compared to the consensus estimate of $499.00 million. DXP Enterprises had a return on equity of 19.62% and a net margin of 4.45%. On average, analysts forecast that DXP Enterprises, Inc. will post 4.07 earnings per share for the current fiscal year.

Insider Activity at DXP Enterprises

In related news, insider Christopher T. Gregory sold 4,477 shares of the company’s stock in a transaction on Thursday, September 25th. The shares were sold at an average price of $119.76, for a total transaction of $536,165.52. Following the completion of the sale, the insider directly owned 19,959 shares of the company’s stock, valued at approximately $2,390,289.84. This represents a 18.32% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Nicholas Little sold 20,440 shares of DXP Enterprises stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $118.53, for a total transaction of $2,422,753.20. Following the completion of the transaction, the chief operating officer owned 791,888 shares in the company, valued at $93,862,484.64. This trade represents a 2.52% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 22.40% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on DXPE. Singular Research upgraded shares of DXP Enterprises to a “moderate buy” rating in a report on Tuesday, September 9th. Weiss Ratings reissued a “buy (b)” rating on shares of DXP Enterprises in a research report on Wednesday, October 8th. Finally, Wall Street Zen downgraded DXP Enterprises from a “buy” rating to a “hold” rating in a research note on Saturday, November 15th. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $95.00.

DXP Enterprises Profile

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).