Chicago Equity Partners LLC grew its stake in shares of DXP Enterprises, Inc. (NASDAQ:DXPE) by 8.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 50,015 shares of the industrial products company’s stock after acquiring an additional 4,090 shares during the period. Chicago Equity Partners LLC owned about 0.29% of DXP Enterprises worth $1,575,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of DXPE. Prudential Financial Inc. raised its stake in shares of DXP Enterprises by 1.3% during the first quarter. Prudential Financial Inc. now owns 26,698 shares of the industrial products company’s stock valued at $1,011,000 after acquiring an additional 340 shares in the last quarter. Alliancebernstein L.P. raised its stake in shares of DXP Enterprises by 148.4% during the first quarter. Alliancebernstein L.P. now owns 16,070 shares of the industrial products company’s stock valued at $609,000 after acquiring an additional 9,600 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of DXP Enterprises by 3.6% during the first quarter. Principal Financial Group Inc. now owns 117,272 shares of the industrial products company’s stock valued at $4,441,000 after acquiring an additional 4,122 shares in the last quarter. Thrivent Financial For Lutherans raised its stake in shares of DXP Enterprises by 3.9% during the first quarter. Thrivent Financial For Lutherans now owns 8,730 shares of the industrial products company’s stock valued at $331,000 after acquiring an additional 330 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of DXP Enterprises by 5.9% during the first quarter. Vanguard Group Inc. now owns 778,746 shares of the industrial products company’s stock valued at $29,490,000 after acquiring an additional 43,270 shares in the last quarter. 77.14% of the stock is owned by hedge funds and other institutional investors.
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DXP Enterprises, Inc. (NASDAQ DXPE) opened at $26.51 on Tuesday. The stock has a market cap of $462.80, a P/E ratio of 27.15 and a beta of 2.73. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.79 and a current ratio of 2.51. DXP Enterprises, Inc. has a 1-year low of $24.06 and a 1-year high of $42.00.
DXP Enterprises (NASDAQ:DXPE) last issued its quarterly earnings data on Thursday, November 2nd. The industrial products company reported $0.16 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by ($0.06). The business had revenue of $251.90 million for the quarter, compared to analysts’ expectations of $250.42 million. DXP Enterprises had a net margin of 1.83% and a return on equity of 6.87%. The business’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.02 earnings per share. equities analysts predict that DXP Enterprises, Inc. will post 0.72 EPS for the current year.
Several analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of DXP Enterprises from a “hold” rating to a “sell” rating in a research note on Tuesday, October 31st. BidaskClub downgraded shares of DXP Enterprises from a “sell” rating to a “strong sell” rating in a research note on Sunday, July 30th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $42.00.
DXP Enterprises Company Profile
DXP Enterprises, Inc (DXP) is engaged in the business of distributing maintenance, repair and operating (MRO) products, equipment and service to industrial customers. The Company operates through three segments: Service Centers, Supply Chain Services and Innovative Pumping Solutions. The Service Centers segment provides MRO products, equipment and services, including technical expertise and logistics capabilities to industrial customers.
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