Avidian Wealth Enterprises LLC Invests $371,000 in DXP Enterprises, Inc. (NASDAQ:DXPE)

Avidian Wealth Enterprises LLC bought a new position in DXP Enterprises, Inc. (NASDAQ:DXPE) in the 4th quarter, HoldingsChannel reports. The fund bought 4,494 shares of the industrial products company’s stock, valued at approximately $371,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Quantbot Technologies LP acquired a new stake in shares of DXP Enterprises in the third quarter worth $41,000. SG Americas Securities LLC acquired a new stake in shares of DXP Enterprises in the third quarter worth $197,000. Longboard Asset Management LP acquired a new stake in shares of DXP Enterprises in the fourth quarter worth $216,000. Savant Capital LLC acquired a new stake in DXP Enterprises during the fourth quarter valued at $230,000. Finally, Jane Street Group LLC boosted its position in DXP Enterprises by 9.6% during the third quarter. Jane Street Group LLC now owns 5,915 shares of the industrial products company’s stock valued at $316,000 after purchasing an additional 517 shares during the last quarter. Institutional investors and hedge funds own 74.82% of the company’s stock.

Insiders Place Their Bets

In other DXP Enterprises news, insider Christopher T. Gregory sold 1,000 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $73.10, for a total value of $73,100.00. Following the completion of the sale, the insider now owns 29,606 shares of the company’s stock, valued at $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 Securities & Exchange Commission, which is available at this hyperlink. Insiders own 22.40% of the company’s stock.

Analyst Upgrades and Downgrades

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

DXP Enterprises Price Performance

DXPE opened at $97.98 on Friday. The stock has a market cap of $1.54 billion, a price-to-earnings ratio of 25.25 and a beta of 1.67. DXP Enterprises, Inc. has a 1 year low of $33.45 and a 1 year high of $107.06. The company has a current ratio of 2.22, a quick ratio of 1.78 and a debt-to-equity ratio of 1.29. The stock has a fifty day moving average price of $90.47 and a 200 day moving average price of $67.90.

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).