Illinois Municipal Retirement Fund Has $255,000 Holdings in DXP Enterprises, Inc. (NASDAQ:DXPE)

Illinois Municipal Retirement Fund cut its position in DXP Enterprises, Inc. (NASDAQ:DXPE) by 10.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,573 shares of the industrial products company’s stock after selling 916 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in DXP Enterprises were worth $255,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Acadian Asset Management LLC grew its stake in DXP Enterprises by 10.0% in the 3rd quarter. Acadian Asset Management LLC now owns 171,641 shares of the industrial products company’s stock valued at $5,995,000 after buying an additional 15,574 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in DXP Enterprises by 9.3% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 510,443 shares of the industrial products company’s stock valued at $17,835,000 after buying an additional 43,598 shares during the last quarter. Cornercap Investment Counsel Inc. acquired a new stake in DXP Enterprises in the 4th quarter worth $507,000. Connor Clark & Lunn Investment Management Ltd. grew its position in DXP Enterprises by 161.0% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 36,660 shares of the industrial products company’s stock worth $1,281,000 after purchasing an additional 22,612 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its position in DXP Enterprises by 36.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 6,380 shares of the industrial products company’s stock worth $215,000 after purchasing an additional 1,701 shares during the last quarter. 74.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, TheStreet upgraded shares of DXP Enterprises from a “c+” rating to a “b-” rating in a research report on Thursday, March 14th.

Insider Transactions at DXP Enterprises

In other news, CMO Paz Maestas sold 10,000 shares of the firm’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $49.14, for a total transaction of $491,400.00. Following the completion of the transaction, the chief marketing officer now directly owns 621,723 shares of the company’s stock, valued at approximately $30,551,468.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 22.10% of the stock is owned by insiders.

DXP Enterprises Stock Performance

NASDAQ DXPE opened at $49.67 on Thursday. The company has a debt-to-equity ratio of 1.37, a current ratio of 2.89 and a quick ratio of 2.43. The firm has a market capitalization of $803.66 million, a price-to-earnings ratio of 12.80 and a beta of 1.72. The company’s fifty day moving average is $48.13 and its two-hundred day moving average is $37.99. DXP Enterprises, Inc. has a 52-week low of $22.06 and a 52-week high of $57.38.

DXP Enterprises (NASDAQ:DXPE) last posted its quarterly earnings results on Thursday, March 7th. The industrial products company reported $1.12 earnings per share (EPS) for the quarter. The company had revenue of $407.04 million for the quarter. DXP Enterprises had a net margin of 4.10% and a return on equity of 19.30%. During the same quarter in the prior year, the business earned $0.50 earnings per share. Equities research analysts forecast that DXP Enterprises, Inc. will post 3.57 EPS for the current year.

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).