DXP Enterprises, Inc. $DXPE Shares Acquired by Public Sector Pension Investment Board

Public Sector Pension Investment Board increased its holdings in shares of DXP Enterprises, Inc. (NASDAQ:DXPE) by 14.4% in the third quarter, Holdings Channel reports. The firm owned 49,590 shares of the industrial products company’s stock after buying an additional 6,247 shares during the quarter. Public Sector Pension Investment Board’s holdings in DXP Enterprises were worth $5,905,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. CANADA LIFE ASSURANCE Co raised its holdings in shares of DXP Enterprises by 0.9% in the second quarter. CANADA LIFE ASSURANCE Co now owns 10,857 shares of the industrial products company’s stock valued at $950,000 after buying an additional 100 shares during the last quarter. Apollon Wealth Management LLC increased its position in DXP Enterprises by 2.4% in the 3rd quarter. Apollon Wealth Management LLC now owns 5,119 shares of the industrial products company’s stock valued at $610,000 after acquiring an additional 119 shares during the period. Amalgamated Bank raised its stake in DXP Enterprises by 3.5% during the 3rd quarter. Amalgamated Bank now owns 3,749 shares of the industrial products company’s stock valued at $446,000 after acquiring an additional 128 shares during the last quarter. Federated Hermes Inc. lifted its position in DXP Enterprises by 1.4% during the 3rd quarter. Federated Hermes Inc. now owns 12,726 shares of the industrial products company’s stock worth $1,515,000 after acquiring an additional 179 shares during the period. Finally, Illinois Municipal Retirement Fund grew its stake in shares of DXP Enterprises by 2.9% in the 3rd quarter. Illinois Municipal Retirement Fund now owns 7,311 shares of the industrial products company’s stock valued at $871,000 after purchasing an additional 207 shares during the last quarter. 74.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on DXPE. Wall Street Zen cut DXP Enterprises from a “buy” rating to a “hold” rating in a research note on Saturday, November 15th. Weiss Ratings restated a “buy (b-)” rating on shares of DXP Enterprises in a research report on Monday, December 29th. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat, DXP Enterprises has a consensus rating of “Buy” and an average price target of $95.00.

DXP Enterprises Stock Down 1.0%

DXP Enterprises stock opened at $147.44 on Thursday. The stock’s 50 day moving average price is $123.89 and its 200 day moving average price is $116.68. DXP Enterprises, Inc. has a 1-year low of $67.68 and a 1-year high of $154.19. The company has a market cap of $2.31 billion, a PE ratio of 27.92 and a beta of 1.00. 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 Profile

DXP Enterprises, Inc is a Houston, Texas–based industrial products and services distributor serving customers across North America. The company provides a broad portfolio of maintenance, repair and operations (MRO) supplies, including fluid power components, safety products, mechanical power transmission parts, and instrumentation. DXP’s product offering spans well-recognized private brands as well as equipment and parts from leading global manufacturers, enabling clients in energy, heavy industrial and manufacturing sectors to source critical components from a single supplier.

Through its network of service centers and specialized repair facilities, DXP delivers inventory management programs, turnkey fluid power rebuilds and custom assembly solutions.