Nordea Investment Management AB Takes Position in DXP Enterprises, Inc. $DXPE

Nordea Investment Management AB purchased a new stake in DXP Enterprises, Inc. (NASDAQ:DXPE) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 14,407 shares of the industrial products company’s stock, valued at approximately $1,597,000. Nordea Investment Management AB owned 0.09% of DXP Enterprises as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. GAMMA Investing LLC lifted its holdings in DXP Enterprises by 35.4% during the fourth quarter. GAMMA Investing LLC now owns 860 shares of the industrial products company’s stock valued at $94,000 after purchasing an additional 225 shares in the last quarter. Triumph Capital Management acquired a new stake in shares of DXP Enterprises in the third quarter valued at about $395,000. Cambria Investment Management L.P. increased its stake in shares of DXP Enterprises by 24.9% during the third quarter. Cambria Investment Management L.P. now owns 6,326 shares of the industrial products company’s stock worth $753,000 after purchasing an additional 1,260 shares in the last quarter. Kestra Private Wealth Services LLC purchased a new stake in shares of DXP Enterprises during the third quarter worth about $539,000. Finally, Wasatch Advisors LP acquired a new position in shares of DXP Enterprises during the 3rd quarter worth about $15,487,000. Hedge funds and other institutional investors own 74.82% of the company’s stock.

DXP Enterprises Stock Performance

NASDAQ:DXPE opened at $136.64 on Friday. The company’s 50-day moving average price is $138.72 and its 200-day moving average price is $120.52. The company has a current ratio of 3.34, a quick ratio of 2.94 and a debt-to-equity ratio of 1.64. The company has a market cap of $2.12 billion, a P/E ratio of 25.40 and a beta of 0.96. DXP Enterprises, Inc. has a twelve month low of $67.68 and a twelve month high of $171.70.

DXP Enterprises (NASDAQ:DXPE) last announced its quarterly earnings data on Wednesday, February 25th. The industrial products company reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.48. The company had revenue of $527.39 million during the quarter, compared to analysts’ expectations of $499.00 million. DXP Enterprises had a net margin of 4.40% and a return on equity of 18.83%. On average, sell-side analysts forecast that DXP Enterprises, Inc. will post 4.07 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on DXPE shares. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of DXP Enterprises in a research note on Monday, December 29th. Zacks Research raised DXP Enterprises from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 12th. Loop Capital set a $154.00 target price on DXP Enterprises in a research report on Monday, March 2nd. Finally, Wall Street Zen raised DXP Enterprises from a “hold” rating to a “buy” rating in a research note on Saturday. One research analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $154.00.

Insider Buying and Selling at DXP Enterprises

In other news, Director Joseph R. Mannes sold 1,500 shares of the company’s stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $137.95, for a total value of $206,925.00. Following the completion of the sale, the director directly owned 13,964 shares in the company, valued at $1,926,333.80. This represents a 9.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 22.70% of the stock is currently owned by corporate insiders.

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.