Systematic Financial Management LP Purchases New Stake in DXP Enterprises Inc (NASDAQ:DXPE)

Systematic Financial Management LP acquired a new position in DXP Enterprises Inc (NASDAQ:DXPE) during the third quarter, according to its most recent filing with the SEC. The firm acquired 50,925 shares of the industrial products company’s stock, valued at approximately $1,604,000. Systematic Financial Management LP owned about 0.29% of DXP Enterprises as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Oppenheimer Asset Management Inc. raised its position in DXP Enterprises by 8.1% during the second quarter. Oppenheimer Asset Management Inc. now owns 2,915 shares of the industrial products company’s stock valued at $101,000 after purchasing an additional 219 shares during the period. State of Alaska Department of Revenue boosted its holdings in DXP Enterprises by 78.9% in the 2nd quarter. State of Alaska Department of Revenue now owns 3,059 shares of the industrial products company’s stock worth $105,000 after buying an additional 1,349 shares during the last quarter. Municipal Employees Retirement System of Michigan boosted its holdings in shares of DXP Enterprises by 3.1% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 3,640 shares of the industrial products company’s stock worth $126,000 after purchasing an additional 110 shares during the last quarter. Hillsdale Investment Management Inc. purchased a new stake in shares of DXP Enterprises during the second quarter worth $152,000. Finally, BNP Paribas Arbitrage SA increased its holdings in DXP Enterprises by 63.1% in the second quarter. BNP Paribas Arbitrage SA now owns 5,688 shares of the industrial products company’s stock valued at $196,000 after buying an additional 2,201 shares during the last quarter. Institutional investors own 74.35% of the company’s stock.

Separately, Zacks Investment Research cut shares of DXP Enterprises from a “buy” rating to a “hold” rating in a research note on Tuesday, September 26th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a buy rating to the company’s stock. DXP Enterprises has an average rating of “Hold” and an average price target of $42.00.

Shares of DXP Enterprises Inc (NASDAQ DXPE) opened at $26.93 on Thursday. The company has a quick ratio of 1.79, a current ratio of 2.51 and a debt-to-equity ratio of 0.91. DXP Enterprises Inc has a one year low of $24.86 and a one year high of $42.00. The stock has a market capitalization of $485.93, a P/E ratio of 28.51 and a beta of 2.65.

DXP Enterprises (NASDAQ:DXPE) last announced its earnings results on Thursday, November 2nd. The industrial products company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.06). DXP Enterprises had a return on equity of 6.87% and a net margin of 1.83%. The business had revenue of $251.90 million for the quarter, compared to analyst estimates of $250.42 million. During the same quarter last year, the company posted $0.02 EPS. DXP Enterprises’s quarterly revenue was up 9.5% on a year-over-year basis. sell-side analysts predict that DXP Enterprises Inc will post 0.72 earnings per share for the current fiscal year.

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DXP Enterprises Profile

DXP Enterprises, Inc (DXP) is engaged in the business of distributing maintenance, repair and operating (MRO) products, equipment and service to industrial customers. The Company operates through three segments: Service Centers, Supply Chain Services and Innovative Pumping Solutions. The Service Centers segment provides MRO products, equipment and services, including technical expertise and logistics capabilities to industrial customers.

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

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