Counterpoint Mutual Funds LLC Takes Position in DXP Enterprises, Inc. (NASDAQ:DXPE)

Counterpoint Mutual Funds LLC purchased a new stake in shares of DXP Enterprises, Inc. (NASDAQ:DXPE) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 6,187 shares of the industrial products company’s stock, valued at approximately $511,000.

Several other institutional investors have also made changes to their positions in the company. Globeflex Capital L P lifted its holdings in DXP Enterprises by 14.5% in the 4th quarter. Globeflex Capital L P now owns 54,786 shares of the industrial products company’s stock worth $4,526,000 after purchasing an additional 6,923 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in DXP Enterprises in the 4th quarter worth approximately $1,037,000. Smartleaf Asset Management LLC lifted its holdings in DXP Enterprises by 3,150.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 520 shares of the industrial products company’s stock worth $43,000 after purchasing an additional 504 shares during the last quarter. Metis Global Partners LLC acquired a new stake in DXP Enterprises in the 4th quarter worth approximately $252,000. Finally, Versor Investments LP acquired a new stake in DXP Enterprises in the 4th quarter worth approximately $496,000. 74.82% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DXPE has been the subject of several analyst reports. Stephens boosted their target price on DXP Enterprises from $75.00 to $95.00 and gave the stock an “overweight” rating in a report on Monday, March 10th. StockNews.com upgraded DXP Enterprises from a “hold” rating to a “buy” rating in a report on Tuesday, March 11th.

DXP Enterprises Stock Down 1.6 %

Shares of DXPE stock opened at $84.16 on Tuesday. DXP Enterprises, Inc. has a 12 month low of $43.25 and a 12 month high of $107.06. The firm has a market cap of $1.32 billion, a PE ratio of 21.69 and a beta of 1.66. The stock has a 50 day moving average of $94.26 and a 200-day moving average of $74.22. The company has a quick ratio of 1.78, a current ratio of 2.22 and a debt-to-equity ratio of 1.29.

DXP Enterprises (NASDAQ:DXPE) last issued its quarterly earnings results on Thursday, March 6th. The industrial products company reported $1.38 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.49. DXP Enterprises had a return on equity of 18.74% and a net margin of 3.75%. The company had revenue of $470.91 million during the quarter, compared to analyst estimates of $447.00 million. On average, equities analysts predict that DXP Enterprises, Inc. will post 4.07 EPS for the current 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).