Emerald Acquisition Ltd. acquired a new stake in shares of DXP Enterprises Inc. (NASDAQ:DXPE) during the second quarter, Holdings Channel reports. The institutional investor acquired 103,582 shares of the company’s stock, valued at approximately $1,546,000. Emerald Acquisition Ltd. owned about 0.72% of DXP Enterprises as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Los Angeles Capital Management & Equity Research Inc. bought a new stake in DXP Enterprises during the first quarter valued at approximately $258,000. Prudential Financial Inc. boosted its stake in DXP Enterprises by 48.4% in the first quarter. Prudential Financial Inc. now owns 73,858 shares of the company’s stock valued at $1,297,000 after buying an additional 24,100 shares during the period. Bogle Investment Management L P DE boosted its stake in DXP Enterprises by 141.7% in the first quarter. Bogle Investment Management L P DE now owns 104,560 shares of the company’s stock valued at $1,836,000 after buying an additional 61,296 shares during the period. JPMorgan Chase & Co. boosted its stake in DXP Enterprises by 16.3% in the first quarter. JPMorgan Chase & Co. now owns 575,820 shares of the company’s stock valued at $10,111,000 after buying an additional 80,909 shares during the period. Finally, Wedbush Securities Inc. bought a new stake in DXP Enterprises during the second quarter valued at approximately $182,000. 81.25% of the stock is owned by institutional investors and hedge funds.
DXP Enterprises Inc. (NASDAQ:DXPE) traded up 3.39% on Tuesday, reaching $29.25. The company’s stock had a trading volume of 165,922 shares. DXP Enterprises Inc. has a 52-week low of $12.67 and a 52-week high of $34.49. The firm’s market capitalization is $424.21 million. The firm has a 50-day moving average price of $27.67 and a 200 day moving average price of $19.87.
DXP Enterprises (NASDAQ:DXPE) last posted its quarterly earnings data on Tuesday, August 9th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.39. DXP Enterprises had a positive return on equity of 6.74% and a negative net margin of 5.07%. The company had revenue of $256.22 million for the quarter, compared to the consensus estimate of $250.65 million. During the same period in the previous year, the business earned $0.47 EPS. DXP Enterprises’s revenue for the quarter was down 20.8% compared to the same quarter last year. Equities analysts anticipate that DXP Enterprises Inc. will post $0.26 earnings per share for the current fiscal year.
Several equities research analysts have recently commented on the company. Zacks Investment Research upgraded DXP Enterprises from a “strong sell” rating to a “hold” rating in a research note on Friday, July 15th. Stephens set a $45.00 price target on DXP Enterprises and gave the stock a “buy” rating in a research note on Sunday, August 21st.
In other DXP Enterprises news, major shareholder Gmt Capital Corp acquired 172,746 shares of the company’s stock in a transaction on Wednesday, August 3rd. The shares were bought at an average cost of $15.96 per share, for a total transaction of $2,757,026.16. Following the acquisition, the insider now directly owns 1,595,545 shares of the company’s stock, valued at $25,464,898.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP John Jay Jeffery sold 1,000 shares of DXP Enterprises stock in a transaction that occurred on Tuesday, August 16th. The stock was sold at an average price of $29.80, for a total value of $29,800.00. Following the sale, the senior vice president now owns 15,221 shares in the company, valued at $453,585.80. The disclosure for this sale can be found here. Company insiders own 11.30% of the company’s stock.
About DXP Enterprises
DXP Enterprises, Inc (DXP) is engaged in the business of distributing maintenance, repair and operating (MRO) products, equipment and service to industrial customers. The Company operates through three segments: Service Centers, Supply Chain Services and Innovative Pumping Solutions. The Service Centers segment provides MRO products, equipment and services, including technical expertise and logistics capabilities to industrial customers.
Want to see what other hedge funds are holding DXPE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for DXP Enterprises Inc. (NASDAQ:DXPE).
Receive News & Ratings for DXP Enterprises Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DXP Enterprises Inc. and related companies with MarketBeat.com's FREE daily email newsletter.