Algert Global LLC trimmed its position in shares of DXP Enterprises Inc (NASDAQ:DXPE) by 78.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,417 shares of the industrial products company’s stock after selling 53,875 shares during the period. Algert Global LLC owned approximately 0.08% of DXP Enterprises worth $426,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. Municipal Employees Retirement System of Michigan boosted its holdings in shares of DXP Enterprises by 59.9% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 5,820 shares of the industrial products company’s stock valued at $183,000 after buying an additional 2,180 shares during the period. Voya Investment Management LLC bought a new stake in DXP Enterprises in the 2nd quarter valued at about $243,000. BNP Paribas Arbitrage SA lifted its position in DXP Enterprises by 46.7% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 8,346 shares of the industrial products company’s stock valued at $263,000 after purchasing an additional 2,658 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. bought a new stake in DXP Enterprises in the 3rd quarter valued at about $290,000. Finally, Thrivent Financial For Lutherans lifted its position in DXP Enterprises by 6.9% in the 2nd quarter. Thrivent Financial For Lutherans now owns 9,330 shares of the industrial products company’s stock valued at $322,000 after purchasing an additional 600 shares during the last quarter. 73.28% of the stock is owned by institutional investors.
DXPE has been the topic of a number of recent analyst reports. BidaskClub downgraded shares of DXP Enterprises from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 3rd. Zacks Investment Research upgraded shares of DXP Enterprises from a “hold” rating to a “buy” rating and set a $39.00 price target on the stock in a research report on Tuesday, January 30th. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $44.00.
In other DXP Enterprises news, CEO David R. Little sold 13,500 shares of DXP Enterprises stock in a transaction that occurred on Wednesday, December 27th. The shares were sold at an average price of $29.50, for a total value of $398,250.00. Following the completion of the sale, the chief executive officer now directly owns 1,368,214 shares in the company, valued at $40,362,313. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Kent Nee Hung Yee sold 2,200 shares of the business’s stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $29.69, for a total transaction of $65,318.00. Following the completion of the sale, the insider now owns 40,984 shares of the company’s stock, valued at $1,216,814.96. The disclosure for this sale can be found here. Insiders have sold 34,200 shares of company stock worth $1,010,218 over the last ninety days. 9.60% of the stock is currently owned by insiders.
DXP Enterprises Inc (NASDAQ:DXPE) opened at $30.26 on Wednesday. The firm has a market cap of $530.62, a P/E ratio of 31.13 and a beta of 2.64. 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 1 year low of $24.86 and a 1 year high of $42.00.
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About DXP Enterprises
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.
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