DXP Enterprises, Inc. (NASDAQ:DXPE) Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC raised its holdings in shares of DXP Enterprises, Inc. (NASDAQ:DXPE) by 9,327.6% during the first quarter, HoldingsChannel reports. The institutional investor owned 41,953 shares of the industrial products company’s stock after acquiring an additional 41,508 shares during the quarter. GAMMA Investing LLC’s holdings in DXP Enterprises were worth $3,451,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of DXPE. Global Retirement Partners LLC lifted its holdings in shares of DXP Enterprises by 2,220.0% during the 4th quarter. Global Retirement Partners LLC now owns 348 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 333 shares in the last quarter. Smartleaf Asset Management LLC raised its position in DXP Enterprises by 3,150.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 520 shares of the industrial products company’s stock valued at $43,000 after purchasing an additional 504 shares during the period. Lazard Asset Management LLC acquired a new position in shares of DXP Enterprises during the fourth quarter worth about $159,000. Hsbc Holdings PLC acquired a new position in shares of DXP Enterprises during the fourth quarter worth about $208,000. Finally, Pictet Asset Management Holding SA purchased a new stake in shares of DXP Enterprises in the fourth quarter worth about $218,000. 74.82% of the stock is currently owned by hedge funds and other institutional investors.

DXP Enterprises Stock Performance

NASDAQ:DXPE opened at $80.21 on Thursday. The firm has a 50-day moving average of $83.51 and a two-hundred day moving average of $86.27. The company has a debt-to-equity ratio of 1.29, a current ratio of 2.22 and a quick ratio of 1.78. The stock has a market cap of $1.26 billion, a P/E ratio of 20.67 and a beta of 1.17. DXP Enterprises, Inc. has a 1-year low of $43.25 and a 1-year high of $107.06.

DXP Enterprises (NASDAQ:DXPE) last posted its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $1.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.06. The company had revenue of $476.57 million for the quarter, compared to the consensus estimate of $477.00 million. DXP Enterprises had a return on equity of 18.74% and a net margin of 3.75%. On average, research analysts expect that DXP Enterprises, Inc. will post 4.07 earnings per share for the current fiscal year.

Insider Activity at DXP Enterprises

In other news, Director Timothy P. Halter sold 5,000 shares of the stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $89.75, for a total transaction of $448,750.00. Following the transaction, the director now owns 45,925 shares of the company’s stock, valued at approximately $4,121,768.75. This trade represents a 9.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CMO Paz Maestas sold 4,328 shares of the business’s stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $89.04, for a total value of $385,365.12. Following the completion of the sale, the chief marketing officer now directly owns 613,039 shares of the company’s stock, valued at approximately $54,584,992.56. This represents a 0.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 15,785 shares of company stock valued at $1,400,818 over the last ninety days. Corporate insiders own 22.40% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Wall Street Zen downgraded DXP Enterprises from a “buy” rating to a “hold” rating in a report on Friday, May 16th. Stephens increased their price objective on shares of DXP Enterprises from $75.00 to $95.00 and gave the company an “overweight” rating in a research report on Monday, March 10th.

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).