Two Sigma Investments LP Invests $166,000 in DXP Enterprises Inc (NASDAQ:DXPE)

Two Sigma Investments LP bought a new position in shares of DXP Enterprises Inc (NASDAQ:DXPE) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 13,501 shares of the industrial products company’s stock, valued at approximately $166,000. Two Sigma Investments LP owned approximately 0.08% of DXP Enterprises as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Swiss National Bank lifted its stake in DXP Enterprises by 3.2% in the 4th quarter. Swiss National Bank now owns 32,000 shares of the industrial products company’s stock valued at $1,274,000 after buying an additional 1,000 shares in the last quarter. State Street Corp lifted its position in shares of DXP Enterprises by 6.6% in the fourth quarter. State Street Corp now owns 480,734 shares of the industrial products company’s stock valued at $19,138,000 after acquiring an additional 29,909 shares in the last quarter. Sei Investments Co. boosted its stake in shares of DXP Enterprises by 7.7% in the fourth quarter. Sei Investments Co. now owns 22,450 shares of the industrial products company’s stock worth $894,000 after acquiring an additional 1,598 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of DXP Enterprises by 2.2% in the fourth quarter. Victory Capital Management Inc. now owns 58,889 shares of the industrial products company’s stock worth $2,344,000 after acquiring an additional 1,292 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of DXP Enterprises by 2.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 183,105 shares of the industrial products company’s stock worth $7,290,000 after purchasing an additional 4,241 shares in the last quarter. Hedge funds and other institutional investors own 74.90% of the company’s stock.

DXPE has been the topic of several recent research reports. BidaskClub raised shares of DXP Enterprises from a “sell” rating to a “hold” rating in a research note on Friday, June 5th. Zacks Investment Research lowered shares of DXP Enterprises from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 10th. Stephens dropped their price objective on shares of DXP Enterprises from $36.00 to $20.00 and set an “overweight” rating for the company in a research note on Friday, April 3rd. ValuEngine upgraded shares of DXP Enterprises from a “sell” rating to a “hold” rating in a report on Thursday, June 4th. Finally, Sidoti upgraded DXP Enterprises from a “neutral” rating to a “buy” rating and set a $18.00 target price on the stock in a report on Friday, May 15th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $19.33.

In other DXP Enterprises news, Director Timothy P. Halter acquired 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 13th. The shares were purchased at an average cost of $12.25 per share, for a total transaction of $122,500.00. Following the completion of the acquisition, the director now owns 36,486 shares of the company’s stock, valued at approximately $446,953.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 8.30% of the stock is currently owned by insiders.

NASDAQ DXPE opened at $19.77 on Wednesday. The business’s fifty day simple moving average is $18.19 and its 200-day simple moving average is $24.66. The company has a quick ratio of 1.87, a current ratio of 2.79 and a debt-to-equity ratio of 0.80. The firm has a market cap of $350.36 million, a PE ratio of 10.57 and a beta of 2.80. DXP Enterprises Inc has a 52 week low of $10.44 and a 52 week high of $43.94.

DXP Enterprises (NASDAQ:DXPE) last released its quarterly earnings data on Friday, May 8th. The industrial products company reported $0.31 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.11. The firm had revenue of $300.98 million during the quarter, compared to analysts’ expectations of $278.70 million. DXP Enterprises had a net margin of 2.74% and a return on equity of 10.06%. Research analysts expect that DXP Enterprises Inc will post 0.99 EPS for the current year.

DXP Enterprises Profile

DXP Enterprises, Inc engages in distributing maintenance, repair, and operating (MRO) products, equipment, and services to energy and industrial customers in the United States. It operates in three segments: Service Centers, Supply Chain Services, and Innovative Pumping Solutions. The Service Centers segment offers MRO products, equipment, and integrated services, including technical expertise and logistics services.

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Institutional Ownership by Quarter for DXP Enterprises (NASDAQ:DXPE)

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