DXP Enterprises Inc (DXPE) Stake Boosted by The Manufacturers Life Insurance Company
The Manufacturers Life Insurance Company grew its stake in shares of DXP Enterprises Inc (NASDAQ:DXPE) by 5.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,000 shares of the industrial products company’s stock after acquiring an additional 654 shares during the quarter. The Manufacturers Life Insurance Company owned about 0.07% of DXP Enterprises worth $448,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its holdings in DXP Enterprises by 15.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 831,305 shares of the industrial products company’s stock worth $28,680,000 after buying an additional 111,879 shares during the period. Hood River Capital Management LLC increased its holdings in DXP Enterprises by 40.2% in the 2nd quarter. Hood River Capital Management LLC now owns 300,212 shares of the industrial products company’s stock worth $10,357,000 after buying an additional 86,124 shares during the period. Penn Capital Management Co. Inc. increased its holdings in DXP Enterprises by 21.5% in the 2nd quarter. Penn Capital Management Co. Inc. now owns 398,571 shares of the industrial products company’s stock worth $13,751,000 after buying an additional 70,619 shares during the period. EAM Investors LLC acquired a new position in DXP Enterprises in the 2nd quarter worth approximately $2,339,000. Finally, OxFORD Asset Management LLP acquired a new position in DXP Enterprises in the 2nd quarter worth approximately $2,021,000. Hedge funds and other institutional investors own 75.17% of the company’s stock.
Several equities analysts recently weighed in on DXPE shares. BidaskClub downgraded shares of DXP Enterprises from a “sell” rating to a “strong sell” rating in a report on Sunday, July 30th. Zacks Investment Research downgraded shares of DXP Enterprises from a “hold” rating to a “sell” rating in a report on Tuesday, October 31st. Two analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $42.00.
DXP Enterprises Inc (DXPE) opened at $26.36 on Monday. DXP Enterprises Inc has a fifty-two week low of $24.86 and a fifty-two week high of $42.00. The company has a debt-to-equity ratio of 0.91, a current ratio of 2.51 and a quick ratio of 1.79. The firm has a market cap of $458.45, a P/E ratio of 26.90 and a beta of 2.73.
DXP Enterprises (NASDAQ:DXPE) last issued its quarterly earnings results on Thursday, November 2nd. The industrial products company reported $0.16 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by ($0.06). The business had revenue of $251.90 million during the quarter, compared to analyst estimates of $250.42 million. DXP Enterprises had a return on equity of 6.87% and a net margin of 1.83%. DXP Enterprises’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.02 EPS. analysts expect that DXP Enterprises Inc will post 0.72 earnings per share for the current year.
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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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