10,421 Shares in DXP Enterprises Inc (DXPE) Purchased by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd purchased a new stake in DXP Enterprises Inc (NASDAQ:DXPE) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 10,421 shares of the industrial products company’s stock, valued at approximately $406,000.

Other hedge funds also recently made changes to their positions in the company. SG Americas Securities LLC bought a new stake in shares of DXP Enterprises in the 1st quarter valued at about $111,000. MetLife Investment Advisors LLC bought a new stake in shares of DXP Enterprises in the 4th quarter valued at about $206,000. Element Capital Management LLC bought a new stake in shares of DXP Enterprises in the 1st quarter valued at about $206,000. Pinnacle Financial Partners Inc. bought a new stake in shares of DXP Enterprises in the 1st quarter valued at about $215,000. Finally, Wedbush Securities Inc. bought a new stake in shares of DXP Enterprises in the 1st quarter valued at about $249,000. 76.83% of the stock is owned by institutional investors.

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In related news, Director Cletus Davis sold 1,000 shares of the stock in a transaction that occurred on Monday, June 11th. The stock was sold at an average price of $40.03, for a total transaction of $40,030.00. Following the completion of the sale, the director now directly owns 16,546 shares of the company’s stock, valued at approximately $662,336.38. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Christopher T. Gregory sold 674 shares of the stock in a transaction that occurred on Thursday, May 17th. The stock was sold at an average price of $39.51, for a total value of $26,629.74. Following the sale, the vice president now directly owns 146 shares of the company’s stock, valued at $5,768.46. The disclosure for this sale can be found here. 9.20% of the stock is currently owned by corporate insiders.

DXP Enterprises opened at $39.46 on Wednesday, according to MarketBeat Ratings. DXP Enterprises Inc has a 52-week low of $24.86 and a 52-week high of $43.21. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.44 and a quick ratio of 1.67. The company has a market cap of $663.67 million, a P/E ratio of 45.88 and a beta of 2.44.

DXP Enterprises (NASDAQ:DXPE) last posted its earnings results on Tuesday, May 8th. The industrial products company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.02. DXP Enterprises had a return on equity of 6.40% and a net margin of 1.74%. The business had revenue of $285.94 million during the quarter, compared to analysts’ expectations of $276.00 million. During the same period in the prior year, the business earned $0.17 EPS. DXP Enterprises’s revenue for the quarter was up 19.9% compared to the same quarter last year. sell-side analysts expect that DXP Enterprises Inc will post 1.18 earnings per share for the current year.

A number of brokerages have recently commented on DXPE. ValuEngine raised DXP Enterprises from a “hold” rating to a “buy” rating in a research note on Wednesday. BidaskClub raised DXP Enterprises from a “hold” rating to a “buy” rating in a research note on Thursday, June 21st. Zacks Investment Research raised DXP Enterprises from a “strong sell” rating to a “hold” rating in a research note on Wednesday, June 6th. Finally, Stephens set a $48.00 target price on DXP Enterprises and gave the stock a “buy” rating in a research note on Wednesday, March 21st.

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 through 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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