Globeflex Capital L P Decreases Holdings in DXP Enterprises, Inc. $DXPE

Globeflex Capital L P decreased its stake in DXP Enterprises, Inc. (NASDAQ:DXPE) by 17.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 37,716 shares of the industrial products company’s stock after selling 8,203 shares during the period. Globeflex Capital L P’s holdings in DXP Enterprises were worth $5,270,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of DXPE. EverSource Wealth Advisors LLC raised its holdings in shares of DXP Enterprises by 3,507.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 469 shares of the industrial products company’s stock worth $41,000 after purchasing an additional 456 shares during the period. KBC Group NV bought a new stake in shares of DXP Enterprises in the first quarter valued at $51,000. Clearstead Advisors LLC lifted its position in shares of DXP Enterprises by 164.5% during the 4th quarter. Clearstead Advisors LLC now owns 492 shares of the industrial products company’s stock valued at $54,000 after buying an additional 306 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of DXP Enterprises by 35.4% during the 4th quarter. GAMMA Investing LLC now owns 860 shares of the industrial products company’s stock worth $94,000 after acquiring an additional 225 shares during the period. Finally, State of Wyoming bought a new position in shares of DXP Enterprises during the 4th quarter worth $152,000. Hedge funds and other institutional investors own 74.82% of the company’s stock.

Insider Buying and Selling

In related news, Director Timothy P. Halter sold 6,842 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $141.59, for a total transaction of $968,758.78. Following the sale, the director owned 30,000 shares of the company’s stock, valued at approximately $4,247,700. This represents a 18.57% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CMO Paz Maestas sold 10,000 shares of the firm’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $164.37, for a total transaction of $1,643,700.00. Following the completion of the transaction, the chief marketing officer directly owned 590,262 shares of the company’s stock, valued at approximately $97,021,364.94. The trade was a 1.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 22.00% of the company’s stock.

DXP Enterprises Stock Down 0.9%

Shares of NASDAQ DXPE opened at $172.57 on Thursday. The company has a quick ratio of 2.56, a current ratio of 2.98 and a debt-to-equity ratio of 1.60. The company has a market cap of $2.68 billion, a P/E ratio of 32.26 and a beta of 0.97. DXP Enterprises, Inc. has a 52 week low of $84.04 and a 52 week high of $183.91. The business has a 50-day simple moving average of $159.66 and a two-hundred day simple moving average of $147.73.

DXP Enterprises (NASDAQ:DXPE) last announced its quarterly earnings results on Thursday, May 7th. The industrial products company reported $1.26 earnings per share for the quarter, missing the consensus estimate of $1.38 by ($0.12). DXP Enterprises had a net margin of 4.27% and a return on equity of 18.16%. The company had revenue of $521.66 million for the quarter, compared to the consensus estimate of $531.00 million. Research analysts anticipate that DXP Enterprises, Inc. will post 6.2 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Zacks Research cut DXP Enterprises from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 11th. Wall Street Zen lowered shares of DXP Enterprises from a “buy” rating to a “hold” rating in a research report on Saturday, June 6th. Weiss Ratings cut shares of DXP Enterprises from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday. Finally, Freedom Capital downgraded shares of DXP Enterprises from a “strong-buy” rating to a “hold” rating in a report on Monday, May 11th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, DXP Enterprises has a consensus rating of “Moderate Buy” and an average price target of $154.00.

DXP Enterprises Profile

DXP Enterprises, Inc is a Houston, Texas–based industrial products and services distributor serving customers across North America. The company provides a broad portfolio of maintenance, repair and operations (MRO) supplies, including fluid power components, safety products, mechanical power transmission parts, and instrumentation. DXP’s product offering spans well-recognized private brands as well as equipment and parts from leading global manufacturers, enabling clients in energy, heavy industrial and manufacturing sectors to source critical components from a single supplier.

Through its network of service centers and specialized repair facilities, DXP delivers inventory management programs, turnkey fluid power rebuilds and custom assembly solutions.