DXP Enterprises, Inc. (DXPE) Shares Bought by Public Employees Retirement System of Ohio
Public Employees Retirement System of Ohio grew its holdings in DXP Enterprises, Inc. (NASDAQ:DXPE) by 10.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,431 shares of the industrial products company’s stock after purchasing an additional 4,171 shares during the period. Public Employees Retirement System of Ohio owned about 0.26% of DXP Enterprises worth $1,567,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Oppenheimer Asset Management Inc. bought a new stake in shares of DXP Enterprises in the 1st quarter worth $102,000. State of Alaska Department of Revenue boosted its stake in shares of 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 stake in shares of DXP Enterprises by 3.8% in the 1st quarter. Municipal Employees Retirement System of Michigan now owns 3,530 shares of the industrial products company’s stock worth $134,000 after buying an additional 130 shares during the last quarter. Hillsdale Investment Management Inc. purchased a new position in shares of DXP Enterprises in the 2nd quarter worth $152,000. Finally, Highbridge Capital Management LLC purchased a new position in shares of DXP Enterprises in the 1st quarter worth $201,000. 74.25% of the stock is owned by institutional investors and hedge funds.
DXP Enterprises, Inc. (NASDAQ DXPE) opened at $26.64 on Tuesday. The company has a market capitalization of $466.19, a PE ratio of 27.34 and a beta of 2.73. The company has a quick ratio of 0.56, a current ratio of 0.82 and a debt-to-equity ratio of 0.01.
DXP Enterprises (NASDAQ:DXPE) last released its quarterly earnings results on Thursday, November 2nd. The industrial products company reported $0.16 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.22 by ($0.06). The firm had revenue of $251.90 million during the quarter, compared to analysts’ expectations of $250.42 million. DXP Enterprises had a return on equity of 6.92% and a net margin of 1.83%. The business’s quarterly revenue was up 9.5% on a year-over-year basis. During the same quarter last year, the business earned $0.02 earnings per share. analysts forecast that DXP Enterprises, Inc. will post 0.81 EPS for the current year.
A number of equities analysts have recently issued reports on the company. BidaskClub upgraded DXP Enterprises from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. Zacks Investment Research downgraded DXP Enterprises from a “buy” rating to a “hold” rating in a research note on Monday, July 17th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $42.00.
DXP Enterprises Company 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.
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