272 Capital LP Acquires Shares of 25,862 DXP Enterprises, Inc. (NASDAQ:DXPE)

272 Capital LP bought a new stake in DXP Enterprises, Inc. (NASDAQ:DXPE) during the 3rd quarter, Holdings Channel reports. The firm bought 25,862 shares of the industrial products company’s stock, valued at approximately $1,380,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Innealta Capital LLC purchased a new position in DXP Enterprises during the second quarter worth about $29,000. Quantbot Technologies LP purchased a new stake in DXP Enterprises in the 3rd quarter valued at approximately $41,000. Quest Partners LLC increased its position in DXP Enterprises by 24.8% during the 2nd quarter. Quest Partners LLC now owns 2,109 shares of the industrial products company’s stock worth $97,000 after purchasing an additional 419 shares during the period. SG Americas Securities LLC purchased a new position in shares of DXP Enterprises during the 3rd quarter worth approximately $197,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of DXP Enterprises by 39.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,113 shares of the industrial products company’s stock valued at $189,000 after buying an additional 1,174 shares during the period. 74.82% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at DXP Enterprises

In other news, insider Christopher T. Gregory sold 1,000 shares of the company’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $73.10, for a total value of $73,100.00. Following the sale, the insider now directly owns 29,606 shares in the company, valued at $2,164,198.60. This represents a 3.27 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CMO Paz Maestas sold 2,000 shares of the stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $53.21, for a total value of $106,420.00. Following the sale, the chief marketing officer now directly owns 617,367 shares in the company, valued at approximately $32,850,098.07. The trade was a 0.32 % decrease in their position. The disclosure for this sale can be found here. 22.40% of the stock is owned by corporate insiders.

DXP Enterprises Trading Down 0.3 %

Shares of DXP Enterprises stock opened at $80.58 on Friday. The company has a 50-day moving average of $62.99 and a two-hundred day moving average of $54.23. The stock has a market cap of $1.26 billion, a PE ratio of 20.77 and a beta of 1.70. The company has a current ratio of 2.22, a quick ratio of 1.78 and a debt-to-equity ratio of 1.29. DXP Enterprises, Inc. has a 12-month low of $30.08 and a 12-month high of $82.33.

DXP Enterprises (NASDAQ:DXPE) last issued its quarterly earnings data on Monday, November 4th. The industrial products company reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.48. DXP Enterprises had a return on equity of 18.74% and a net margin of 3.75%. The firm had revenue of $472.94 million during the quarter. During the same period in the prior year, the firm posted $0.93 earnings per share. On average, research analysts anticipate that DXP Enterprises, Inc. will post 4.07 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Stephens increased their price objective on DXP Enterprises from $65.00 to $75.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th.

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).