Quantinno Capital Management LP Has $1.23 Million Holdings in DXP Enterprises, Inc. $DXPE

Quantinno Capital Management LP boosted its position in shares of DXP Enterprises, Inc. (NASDAQ:DXPE) by 139.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,817 shares of the industrial products company’s stock after purchasing an additional 5,140 shares during the period. Quantinno Capital Management LP’s holdings in DXP Enterprises were worth $1,232,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. EverSource Wealth Advisors LLC lifted its holdings in shares of DXP Enterprises by 3,507.7% in the second quarter. EverSource Wealth Advisors LLC now owns 469 shares of the industrial products company’s stock valued at $41,000 after purchasing an additional 456 shares in the last quarter. KBC Group NV bought a new position in shares of DXP Enterprises during the first quarter worth about $51,000. Clearstead Advisors LLC raised its position in DXP Enterprises by 164.5% in the 4th quarter. Clearstead Advisors LLC now owns 492 shares of the industrial products company’s stock valued at $54,000 after buying an additional 306 shares during the last quarter. State of Wyoming acquired a new stake in DXP Enterprises in the 4th quarter valued at approximately $152,000. Finally, Laurel Wealth Advisors LLC bought a new stake in DXP Enterprises in the 4th quarter valued at approximately $154,000. Institutional investors and hedge funds own 74.82% of the company’s stock.

DXP Enterprises Price Performance

NASDAQ:DXPE opened at $200.84 on Friday. DXP Enterprises, Inc. has a 1-year low of $84.04 and a 1-year high of $208.00. The company has a current ratio of 2.99, a quick ratio of 2.58 and a debt-to-equity ratio of 1.51. The firm has a fifty day simple moving average of $169.09 and a 200 day simple moving average of $154.55. The stock has a market capitalization of $3.12 billion, a PE ratio of 35.36 and a beta of 0.98.

DXP Enterprises (NASDAQ:DXPE) last released its quarterly earnings data on Wednesday, August 5th. The industrial products company reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.59 by $0.17. DXP Enterprises had a return on equity of 18.51% and a net margin of 4.35%.The firm had revenue of $576.46 million for the quarter, compared to analyst estimates of $543.00 million.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Weiss Ratings raised DXP Enterprises from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, August 6th. Wall Street Zen upgraded shares of DXP Enterprises from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Stephens boosted their price objective on shares of DXP Enterprises from $160.00 to $220.00 and gave the stock an “overweight” rating in a research report on Friday, August 7th. Zacks Research cut shares of DXP Enterprises from a “strong-buy” rating to a “hold” rating in a report on Monday, May 11th. Finally, Freedom Capital downgraded shares of DXP Enterprises from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 11th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $187.00.

Insiders Place Their Bets

In other DXP Enterprises news, CMO Paz Maestas sold 10,000 shares of the company’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $164.37, for a total value of $1,643,700.00. Following the transaction, the chief marketing officer directly owned 590,262 shares in the company, valued at $97,021,364.94. The trade was a 1.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Timothy P. Halter sold 6,842 shares of the stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $141.59, for a total transaction of $968,758.78. Following the completion of the transaction, the director directly owned 30,000 shares in the company, valued at $4,247,700. The trade was a 18.57% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 22.00% of the stock is currently owned by corporate insiders.

DXP Enterprises Profile

DXP Enterprises, Inc is a Houston, Texas–based industrial products and services distributor serving customers across North America. The company provides a broad portfolio of maintenance, repair and operations (MRO) supplies, including fluid power components, safety products, mechanical power transmission parts, and instrumentation. DXP’s product offering spans well-recognized private brands as well as equipment and parts from leading global manufacturers, enabling clients in energy, heavy industrial and manufacturing sectors to source critical components from a single supplier.

Through its network of service centers and specialized repair facilities, DXP delivers inventory management programs, turnkey fluid power rebuilds and custom assembly solutions.