DXP Enterprises, Inc. (NASDAQ:DXPE) Stock Holdings Lessened by Stephens Inc. AR

Stephens Inc. AR lessened its holdings in shares of DXP Enterprises, Inc. (NASDAQ:DXPE) by 4.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 16,509 shares of the industrial products company’s stock after selling 843 shares during the period. Stephens Inc. AR owned 0.11% of DXP Enterprises worth $1,364,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of DXPE. Quantbot Technologies LP acquired a new position in DXP Enterprises during the 3rd quarter worth $41,000. Longboard Asset Management LP acquired a new stake in DXP Enterprises in the fourth quarter worth about $216,000. SG Americas Securities LLC bought a new position in DXP Enterprises in the 3rd quarter valued at about $197,000. Jane Street Group LLC increased its stake in DXP Enterprises by 9.6% during the 3rd quarter. Jane Street Group LLC now owns 5,915 shares of the industrial products company’s stock valued at $316,000 after buying an additional 517 shares during the period. Finally, CWA Asset Management Group LLC acquired a new position in DXP Enterprises during the 3rd quarter valued at about $1,107,000. Institutional investors and hedge funds own 74.82% of the company’s stock.

DXP Enterprises Stock Performance

DXPE opened at $101.90 on Thursday. The company has a quick ratio of 1.78, a current ratio of 2.22 and a debt-to-equity ratio of 1.29. The firm has a market cap of $1.60 billion, a PE ratio of 26.26 and a beta of 1.67. The business has a fifty day simple moving average of $89.91 and a 200-day simple moving average of $67.66. DXP Enterprises, Inc. has a fifty-two week low of $32.57 and a fifty-two week high of $107.06.

Wall Street Analysts Forecast Growth

DXPE has been the subject of a number of research analyst reports. StockNews.com downgraded DXP Enterprises from a “buy” rating to a “hold” rating in a research report on Friday, December 20th. Stephens upped their price objective on DXP Enterprises from $65.00 to $75.00 and gave the company an “overweight” rating in a report on Thursday, November 7th.

Insiders Place Their Bets

In other news, insider Christopher T. Gregory sold 1,000 shares of DXP Enterprises stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $73.10, for a total transaction of $73,100.00. Following the transaction, the insider now owns 29,606 shares in the company, valued at approximately $2,164,198.60. The trade was a 3.27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 22.40% of the company’s stock.

DXP Enterprises Company 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).