2,617 Shares in DXP Enterprises, Inc. (NASDAQ:DXPE) Bought by Longboard Asset Management LP

Longboard Asset Management LP purchased a new stake in DXP Enterprises, Inc. (NASDAQ:DXPE) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,617 shares of the industrial products company’s stock, valued at approximately $216,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Quantbot Technologies LP bought a new position in DXP Enterprises during the third quarter valued at about $41,000. SG Americas Securities LLC bought a new stake in shares of DXP Enterprises during the third quarter valued at approximately $197,000. Jane Street Group LLC lifted its position in DXP Enterprises by 9.6% in the third quarter. Jane Street Group LLC now owns 5,915 shares of the industrial products company’s stock worth $316,000 after purchasing an additional 517 shares during the period. CWA Asset Management Group LLC bought a new position in DXP Enterprises in the third quarter worth $1,107,000. Finally, De Lisle Partners LLP boosted its stake in DXP Enterprises by 96.7% during the third quarter. De Lisle Partners LLP now owns 21,654 shares of the industrial products company’s stock worth $1,157,000 after buying an additional 10,645 shares in the last quarter. 74.82% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at DXP Enterprises

In other DXP Enterprises news, insider Christopher T. Gregory sold 1,000 shares of DXP Enterprises stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $73.10, for a total value of $73,100.00. Following the completion of the transaction, the insider now owns 29,606 shares in the company, valued at approximately $2,164,198.60. The trade was a 3.27 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 22.40% of the company’s stock.

Analyst Upgrades and Downgrades

DXPE has been the subject of a number of recent research reports. StockNews.com cut shares of DXP Enterprises from a “buy” rating to a “hold” rating in a research note on Friday, December 20th. Stephens increased their price target on shares of DXP Enterprises from $65.00 to $75.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th.

DXP Enterprises Price Performance

Shares of DXPE stock opened at $98.15 on Tuesday. The stock’s fifty day simple moving average is $86.00 and its 200 day simple moving average is $65.23. DXP Enterprises, Inc. has a one year low of $31.56 and a one year high of $107.06. The firm has a market cap of $1.54 billion, a price-to-earnings ratio of 25.30 and a beta of 1.67. The company has a debt-to-equity ratio of 1.29, a current ratio of 2.22 and a quick ratio of 1.78.

DXP Enterprises (NASDAQ:DXPE) last posted its earnings results on Monday, November 4th. The industrial products company reported $1.43 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.48. DXP Enterprises had a net margin of 3.75% and a return on equity of 18.74%. The business had revenue of $472.94 million for the quarter. During the same period in the previous year, the company posted $0.93 EPS. On average, analysts expect that DXP Enterprises, Inc. will post 4.07 earnings per share for the current fiscal year.

DXP Enterprises Company 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).