Globeflex Capital L P Increases Position in DXP Enterprises, Inc. (NASDAQ:DXPE)

Globeflex Capital L P boosted its holdings in DXP Enterprises, Inc. (NASDAQ:DXPE) by 14.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 54,786 shares of the industrial products company’s stock after purchasing an additional 6,923 shares during the period. Globeflex Capital L P’s holdings in DXP Enterprises were worth $4,526,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Pacer Advisors Inc. grew its position in shares of DXP Enterprises by 4.1% during the 3rd quarter. Pacer Advisors Inc. now owns 744,587 shares of the industrial products company’s stock valued at $39,731,000 after acquiring an additional 29,131 shares during the period. FMR LLC grew its position in shares of DXP Enterprises by 21.8% during the 3rd quarter. FMR LLC now owns 776,950 shares of the industrial products company’s stock valued at $41,458,000 after acquiring an additional 139,027 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. De Lisle Partners LLP grew its position in shares of DXP Enterprises by 96.7% during the 3rd quarter. De Lisle Partners LLP now owns 21,654 shares of the industrial products company’s stock valued at $1,157,000 after acquiring an additional 10,645 shares during the period. Finally, 272 Capital LP bought a new position in shares of DXP Enterprises during the 3rd quarter valued at approximately $1,380,000. Institutional investors own 74.82% of the company’s stock.

DXP Enterprises Stock Up 6.4 %

DXPE opened at $85.55 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 company has a market cap of $1.34 billion, a PE ratio of 22.05 and a beta of 1.66. The company has a 50 day moving average of $94.23 and a 200 day moving average of $73.72.

DXP Enterprises (NASDAQ:DXPE) last posted its earnings results on Thursday, March 6th. The industrial products company reported $1.38 earnings per share (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 business had revenue of $470.91 million for the quarter, compared to analysts’ expectations of $447.00 million. On average, sell-side analysts expect that DXP Enterprises, Inc. will post 4.07 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on DXPE. StockNews.com raised shares of DXP Enterprises from a “hold” rating to a “buy” rating in a research report on Tuesday. Stephens raised their price objective on shares of DXP Enterprises from $75.00 to $95.00 and gave the stock an “overweight” rating in a report on Monday, March 10th.

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).