Globeflex Capital L P Sells 6,257 Shares of DXP Enterprises, Inc. $DXPE

Globeflex Capital L P lessened its holdings in DXP Enterprises, Inc. (NASDAQ:DXPE) by 12.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 45,919 shares of the industrial products company’s stock after selling 6,257 shares during the period. Globeflex Capital L P’s holdings in DXP Enterprises were worth $5,041,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. EverSource Wealth Advisors LLC raised its holdings in DXP Enterprises by 3,507.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 469 shares of the industrial products company’s stock valued at $41,000 after buying an additional 456 shares during the last quarter. Clearstead Advisors LLC raised its holdings 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. TD Waterhouse Canada Inc. bought a new position in DXP Enterprises in the 3rd quarter valued at approximately $58,000. GAMMA Investing LLC raised its holdings in DXP Enterprises by 35.4% in the 4th quarter. GAMMA Investing LLC now owns 860 shares of the industrial products company’s stock valued at $94,000 after buying an additional 225 shares during the last quarter. Finally, State of Wyoming bought a new position in DXP Enterprises in the 4th quarter valued at approximately $152,000. Institutional investors own 74.82% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on DXPE. Loop Capital set a $154.00 target price on shares of DXP Enterprises in a research report on Monday, March 2nd. Wall Street Zen raised shares of DXP Enterprises from a “hold” rating to a “buy” rating in a research report on Sunday, May 24th. Weiss Ratings reissued a “buy (b)” rating on shares of DXP Enterprises in a research report on Friday, May 22nd. Freedom Capital downgraded shares of DXP Enterprises from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 11th. Finally, Zacks Research downgraded shares of DXP Enterprises from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 11th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $154.00.

Insider Activity at DXP Enterprises

In other news, Director Timothy P. Halter sold 6,842 shares of the firm’s stock in a transaction that occurred on 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 sale, the director owned 30,000 shares of the company’s stock, valued at $4,247,700. This trade represents a 18.57% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Joseph R. Mannes sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $137.95, for a total transaction of $206,925.00. Following the sale, the director directly owned 13,964 shares of the company’s stock, valued at approximately $1,926,333.80. This trade represents a 9.70% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 22.70% of the company’s stock.

DXP Enterprises Stock Performance

Shares of DXPE stock opened at $161.30 on Friday. The company has a market cap of $2.50 billion, a price-to-earnings ratio of 30.15 and a beta of 0.99. DXP Enterprises, Inc. has a 52 week low of $75.58 and a 52 week high of $183.91. The company has a quick ratio of 2.56, a current ratio of 2.98 and a debt-to-equity ratio of 1.60. The firm has a 50 day moving average of $152.05 and a 200-day moving average of $132.65.

DXP Enterprises (NASDAQ:DXPE) last announced its quarterly earnings data on Thursday, May 7th. The industrial products company reported $1.26 EPS for the quarter, missing the consensus estimate of $1.38 by ($0.12). The company had revenue of $521.66 million for the quarter, compared to analyst estimates of $531.00 million. DXP Enterprises had a return on equity of 18.16% and a net margin of 4.27%. On average, equities analysts forecast that DXP Enterprises, Inc. will post 6.2 earnings per share for the current year.

About DXP Enterprises

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.