Odyssean LLC Buys 8,340 Shares of DXP Enterprises, Inc. $DXPE

Odyssean LLC raised its position in DXP Enterprises, Inc. (NASDAQ:DXPE) by 96.3% during the second quarter, Holdings Channel reports. The institutional investor owned 17,000 shares of the industrial products company’s stock after buying an additional 8,340 shares during the quarter. Odyssean LLC’s holdings in DXP Enterprises were worth $2,869,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in DXPE. Public Employees Retirement System of Ohio acquired a new position in shares of DXP Enterprises during the second quarter valued at $33,000. Nykredit A S bought a new position in DXP Enterprises in the second quarter valued at about $36,000. KBC Group NV acquired a new stake in DXP Enterprises in the first quarter worth about $51,000. EverSource Wealth Advisors LLC increased its position in DXP Enterprises by 3,507.7% in the second quarter. EverSource Wealth Advisors LLC now owns 469 shares of the industrial products company’s stock worth $41,000 after purchasing an additional 456 shares during the period. Finally, Clearstead Advisors LLC raised its holdings in DXP Enterprises by 164.5% during the 4th quarter. Clearstead Advisors LLC now owns 492 shares of the industrial products company’s stock worth $54,000 after purchasing an additional 306 shares during the last quarter. 74.82% of the stock is owned by institutional investors and hedge funds.

Insider Activity at DXP Enterprises

In related news, CMO Paz Maestas sold 10,000 shares of the company’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $164.37, for a total value of $1,643,700.00. Following the completion of the sale, the chief marketing officer owned 590,262 shares in the company, valued at $97,021,364.94. This represents a 1.67% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 22.00% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Weiss Ratings lowered shares of DXP Enterprises from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, August 20th. Wall Street Zen upgraded shares of DXP Enterprises from a “buy” rating to a “strong-buy” rating in a report on Saturday. Zacks Research lowered shares of DXP Enterprises from a “strong-buy” rating to a “hold” rating in a report on Monday, May 11th. Freedom Capital lowered shares of DXP Enterprises from a “strong-buy” rating to a “hold” rating in a report on Monday, May 11th. Finally, Stephens lifted their target price on shares of DXP Enterprises from $160.00 to $220.00 and gave the stock an “overweight” rating in a report on Friday, August 7th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $187.00.

DXP Enterprises Stock Up 1.5%

Shares of NASDAQ DXPE opened at $184.00 on Friday. The stock has a market cap of $2.86 billion, a P/E ratio of 32.39 and a beta of 1.02. The firm has a 50 day moving average price of $175.69 and a 200 day moving average price of $159.76. The company has a debt-to-equity ratio of 1.51, a quick ratio of 2.58 and a current ratio of 2.99. DXP Enterprises, Inc. has a 52-week low of $84.04 and a 52-week high of $208.00.

DXP Enterprises (NASDAQ:DXPE) last posted its earnings results on Wednesday, August 5th. The industrial products company reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.59 by $0.17. The company had revenue of $576.46 million for the quarter, compared to analyst estimates of $543.00 million. DXP Enterprises had a net margin of 4.35% and a return on equity of 18.51%.

DXP Enterprises Profile

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.