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 acquired a new position in DXP Enterprises, Inc. (NASDAQ:DXPE) in the 4th quarter, Holdings Channel.com reports. The firm acquired 2,714 shares of the industrial products company’s stock, valued at approximately $224,000.

A number of other institutional investors also recently bought and sold shares of the stock. Global Retirement Partners LLC grew its holdings in DXP Enterprises by 2,220.0% during the fourth quarter. Global Retirement Partners LLC now owns 348 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 333 shares during the period. Quantbot Technologies LP bought a new position in shares of DXP Enterprises during the 3rd quarter valued at approximately $41,000. Smartleaf Asset Management LLC increased 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 acquiring an additional 504 shares in the last quarter. Longboard Asset Management LP bought a new stake in DXP Enterprises during the 4th quarter worth approximately $216,000. Finally, Savant Capital LLC bought a new stake in DXP Enterprises during the 4th quarter worth approximately $230,000. 74.82% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CEO David R. Little bought 5,999 shares of DXP Enterprises stock in a transaction dated Wednesday, March 26th. The shares were purchased at an average cost of $82.70 per share, with a total value of $496,117.30. Following the completion of 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Kent Nee Hung Yee sold 3,457 shares of the stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $88.43, for a total value of $305,702.51. Following the transaction, the chief financial officer now directly owns 68,849 shares of the company’s stock, valued at approximately $6,088,317.07. The trade was a 4.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,785 shares of company stock worth $1,139,818 in the last 90 days. 22.40% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. StockNews.com cut shares of DXP Enterprises from a “buy” rating to a “hold” rating in a research note on Tuesday. Stephens increased their price target on DXP Enterprises from $75.00 to $95.00 and gave the stock an “overweight” rating in a research note on Monday, March 10th.

DXP Enterprises Stock Down 3.2 %

NASDAQ DXPE 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 company has a current ratio of 2.22, a quick ratio of 1.78 and a debt-to-equity ratio of 1.29. The stock has a market cap of $1.30 billion, a PE ratio of 21.37 and a beta of 1.66. The stock’s 50 day moving average is $93.62 and its 200 day moving average is $75.82.

DXP Enterprises (NASDAQ:DXPE) last released its earnings results on Thursday, March 6th. The industrial products company reported $1.38 EPS for the quarter, topping the consensus estimate of $0.89 by $0.49. DXP Enterprises had a net margin of 3.75% and a return on equity of 18.74%. The firm had revenue of $470.91 million for the quarter, compared to the consensus estimate of $447.00 million. Research analysts predict that DXP Enterprises, Inc. will post 4.07 EPS for the current fiscal year.

About DXP Enterprises

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).