Quantbot Technologies LP Sells 8,990 Shares of DXP Enterprises, Inc. $DXPE

Quantbot Technologies LP decreased its stake in shares of DXP Enterprises, Inc. (NASDAQ:DXPE) by 83.3% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,802 shares of the industrial products company’s stock after selling 8,990 shares during the quarter. Quantbot Technologies LP’s holdings in DXP Enterprises were worth $215,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Intrua Financial LLC acquired a new position in shares of DXP Enterprises during the 3rd quarter worth about $1,848,000. Quadrature Capital Ltd acquired a new stake in DXP Enterprises in the 2nd quarter valued at about $712,000. Geode Capital Management LLC lifted its stake in DXP Enterprises by 2.9% in the 2nd quarter. Geode Capital Management LLC now owns 329,543 shares of the industrial products company’s stock valued at $28,888,000 after purchasing an additional 9,216 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in DXP Enterprises by 23.7% during the second quarter. Envestnet Asset Management Inc. now owns 21,345 shares of the industrial products company’s stock worth $1,871,000 after purchasing an additional 4,087 shares during the period. Finally, Thoroughbred Financial Services LLC bought a new position in DXP Enterprises during the second quarter worth about $531,000. Institutional investors own 74.82% of the company’s stock.

DXP Enterprises Stock Down 2.8%

Shares of DXPE opened at $136.14 on Thursday. The firm has a market cap of $2.11 billion, a P/E ratio of 25.30 and a beta of 0.96. The company has a debt-to-equity ratio of 1.64, a quick ratio of 2.94 and a current ratio of 3.34. DXP Enterprises, Inc. has a 52 week low of $67.68 and a 52 week high of $171.70. The firm’s 50-day simple moving average is $133.58 and its 200 day simple moving average is $119.64.

DXP Enterprises (NASDAQ:DXPE) last issued its quarterly earnings data on Wednesday, February 25th. The industrial products company reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.48. DXP Enterprises had a net margin of 4.40% and a return on equity of 18.83%. The firm had revenue of $527.39 million during the quarter, compared to the consensus estimate of $499.00 million. On average, analysts forecast that DXP Enterprises, Inc. will post 4.07 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Loop Capital set a $154.00 price objective on DXP Enterprises in a research note on Monday, March 2nd. Wall Street Zen downgraded DXP Enterprises from a “buy” rating to a “hold” rating in a research note on Saturday, November 15th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of DXP Enterprises in a research note on Monday, December 29th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $154.00.

Insider Buying and Selling at DXP Enterprises

In related news, Director Joseph R. Mannes sold 1,500 shares of DXP Enterprises stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $137.95, for a total transaction of $206,925.00. Following the completion of the sale, the director directly owned 13,964 shares of the company’s stock, valued at approximately $1,926,333.80. This trade represents a 9.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 22.70% of the company’s stock.

About DXP Enterprises

DXP Enterprises, Inc is a Houston, Texas–based industrial products and services distributor serving customers across North America. The company provides a broad portfolio of maintenance, repair and operations (MRO) supplies, including fluid power components, safety products, mechanical power transmission parts, and instrumentation. DXP’s product offering spans well-recognized private brands as well as equipment and parts from leading global manufacturers, enabling clients in energy, heavy industrial and manufacturing sectors to source critical components from a single supplier.

Through its network of service centers and specialized repair facilities, DXP delivers inventory management programs, turnkey fluid power rebuilds and custom assembly solutions.