Cookson Peirce & Co. Inc. Raises Position in DXP Enterprises, Inc. $DXPE

Cookson Peirce & Co. Inc. raised its stake in DXP Enterprises, Inc. (NASDAQ:DXPE) by 7.2% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 10,122 shares of the industrial products company’s stock after buying an additional 681 shares during the quarter. Cookson Peirce & Co. Inc.’s holdings in DXP Enterprises were worth $887,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Allspring Global Investments Holdings LLC increased its position in shares of DXP Enterprises by 54.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 10,406 shares of the industrial products company’s stock valued at $856,000 after acquiring an additional 3,649 shares during the last quarter. Janney Montgomery Scott LLC purchased a new stake in shares of DXP Enterprises during the first quarter valued at approximately $210,000. Informed Momentum Co LLC purchased a new stake in shares of DXP Enterprises during the first quarter valued at approximately $1,731,000. Illinois Municipal Retirement Fund increased its position in shares of DXP Enterprises by 8.1% during the first quarter. Illinois Municipal Retirement Fund now owns 6,777 shares of the industrial products company’s stock valued at $557,000 after acquiring an additional 508 shares during the last quarter. Finally, Private Advisor Group LLC purchased a new stake in shares of DXP Enterprises during the first quarter valued at approximately $791,000. 74.82% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on DXPE. Weiss Ratings reaffirmed a “buy (b)” rating on shares of DXP Enterprises in a research report on Wednesday, October 8th. Singular Research raised DXP Enterprises to a “moderate buy” rating in a report on Tuesday, September 9th. Finally, Wall Street Zen lowered DXP Enterprises from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 13th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $95.00.

Insider Activity at DXP Enterprises

In related news, SVP John Jay Jeffery sold 2,000 shares of DXP Enterprises stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $125.43, for a total transaction of $250,860.00. Following the completion of the sale, the senior vice president owned 20,008 shares of the company’s stock, valued at approximately $2,509,603.44. This trade represents a 9.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Christopher T. Gregory sold 4,477 shares of DXP Enterprises stock in a transaction on Thursday, September 25th. The shares were sold at an average price of $119.76, for a total value of $536,165.52. Following the sale, the insider directly owned 19,959 shares of the company’s stock, valued at $2,390,289.84. This represents a 18.32% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 41,316 shares of company stock valued at $4,960,704 in the last ninety days. 22.70% of the stock is currently owned by corporate insiders.

DXP Enterprises Price Performance

DXP Enterprises stock opened at $115.67 on Thursday. DXP Enterprises, Inc. has a one year low of $48.45 and a one year high of $130.97. The business has a fifty day moving average price of $120.13 and a 200-day moving average price of $100.28. The company has a debt-to-equity ratio of 1.33, a current ratio of 2.79 and a quick ratio of 2.33. The firm has a market capitalization of $1.81 billion, a P/E ratio of 22.07 and a beta of 1.16.

DXP Enterprises (NASDAQ:DXPE) last posted its quarterly earnings results on Wednesday, August 6th. The industrial products company reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.39 by $0.04. The firm had revenue of $498.68 million during the quarter, compared to analyst estimates of $499.00 million. DXP Enterprises had a return on equity of 20.94% and a net margin of 4.52%. As a group, equities research analysts forecast that DXP Enterprises, Inc. will post 4.07 EPS for the current year.

DXP Enterprises Company Profile

DXP Enterprises, Inc, together with its subsidiaries, engages in distributing maintenance, repair, and operating (MRO) products, equipment, and services in the United States and Canada. It operates through three segments: Service Centers (SC), Supply Chain Services (SCS), and Innovative Pumping Solutions (IPS).