Commonwealth of Pennsylvania Public School Empls Retrmt SYS Invests $224,000 in DXP Enterprises, Inc. (NASDAQ:DXPE)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in DXP Enterprises, Inc. (NASDAQ:DXPE) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 2,714 shares of the industrial products company’s stock, valued at approximately $224,000.

A number of other large investors also recently bought and sold shares of the business. FMR LLC increased its stake in shares of DXP Enterprises by 21.8% during the third quarter. FMR LLC now owns 776,950 shares of the industrial products company’s stock valued at $41,458,000 after purchasing an additional 139,027 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of DXP Enterprises by 193.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 98,044 shares of the industrial products company’s stock worth $5,232,000 after buying an additional 64,611 shares during the last quarter. Hotchkis & Wiley Capital Management LLC bought a new position in DXP Enterprises during the 3rd quarter valued at approximately $3,355,000. 272 Capital LP purchased a new position in DXP Enterprises during the third quarter valued at $1,380,000. Finally, Barclays PLC boosted its holdings in DXP Enterprises by 355.4% in the third quarter. Barclays PLC now owns 23,723 shares of the industrial products company’s stock worth $1,267,000 after acquiring an additional 18,514 shares in the last quarter. 74.82% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at DXP Enterprises

In related news, Director Timothy P. Halter sold 5,000 shares of DXP Enterprises stock in a transaction on Monday, March 24th. The stock was sold at an average price of $89.75, for a total value of $448,750.00. Following the completion of the sale, the director now owns 45,925 shares of the company’s stock, valued at $4,121,768.75. The trade was a 9.82 % decrease in their ownership of the stock. The sale 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 stock was purchased at an average cost of $82.70 per share, for a total transaction of $496,117.30. Following the acquisition, the chief executive officer now owns 1,257,593 shares of the company’s stock, valued at $104,002,941.10. This trade represents a 0.48 % increase in their position. The disclosure for this purchase can be found here. Insiders have sold a total of 12,785 shares of company stock worth $1,139,818 over the last quarter. Company insiders own 22.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Stephens raised their price target on DXP Enterprises from $75.00 to $95.00 and gave the company an “overweight” rating in a report on Monday, March 10th. StockNews.com cut shares of DXP Enterprises from a “buy” rating to a “hold” rating in a report on Tuesday.

DXP Enterprises Stock Down 3.2 %

DXP Enterprises stock opened at $82.93 on Friday. DXP Enterprises, Inc. has a 12 month low of $43.25 and a 12 month high of $107.06. The stock has a fifty day simple moving average of $93.62 and a two-hundred day simple moving average of $75.82. The company has a current ratio of 2.22, a quick ratio of 1.78 and a debt-to-equity ratio of 1.29. The firm has a market cap of $1.30 billion, a price-to-earnings ratio of 21.37 and a beta of 1.66.

DXP Enterprises (NASDAQ:DXPE) last issued its 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 business had revenue of $470.91 million during the quarter, compared to analyst estimates of $447.00 million. DXP Enterprises had a return on equity of 18.74% and a net margin of 3.75%. Equities analysts predict that DXP Enterprises, Inc. will post 4.07 EPS for the current fiscal year.

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).