DXP Enterprises, Inc. (DXPE) Stake Decreased by ClariVest Asset Management LLC
ClariVest Asset Management LLC decreased its holdings in DXP Enterprises, Inc. (NASDAQ:DXPE) by 77.6% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,064 shares of the industrial products company’s stock after selling 20,974 shares during the period. ClariVest Asset Management LLC’s holdings in DXP Enterprises were worth $190,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in DXPE. Alliancebernstein L.P. boosted its stake in shares of DXP Enterprises by 148.4% in the first quarter. Alliancebernstein L.P. now owns 16,070 shares of the industrial products company’s stock worth $609,000 after acquiring an additional 9,600 shares during the period. Thrivent Financial For Lutherans boosted its stake in shares of DXP Enterprises by 3.9% in the first quarter. Thrivent Financial For Lutherans now owns 8,730 shares of the industrial products company’s stock worth $331,000 after acquiring an additional 330 shares during the period. Vanguard Group Inc. boosted its stake in shares of DXP Enterprises by 5.9% in the first quarter. Vanguard Group Inc. now owns 778,746 shares of the industrial products company’s stock worth $29,490,000 after acquiring an additional 43,270 shares during the period. Geode Capital Management LLC boosted its stake in shares of DXP Enterprises by 11.3% in the first quarter. Geode Capital Management LLC now owns 125,144 shares of the industrial products company’s stock worth $4,739,000 after acquiring an additional 12,706 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in shares of DXP Enterprises by 16.8% in the first quarter. Dimensional Fund Advisors LP now owns 719,426 shares of the industrial products company’s stock worth $27,243,000 after acquiring an additional 103,298 shares during the period. 75.17% of the stock is owned by hedge funds and other institutional investors.
DXP Enterprises, Inc. (NASDAQ:DXPE) opened at $26.30 on Thursday. The firm has a market capitalization of $458.97, a PE ratio of 26.93 and a beta of 2.73. The company has a debt-to-equity ratio of 0.91, a current ratio of 2.51 and a quick ratio of 1.79. DXP Enterprises, Inc. has a one year low of $24.86 and a one year high of $42.00.
DXP Enterprises (NASDAQ:DXPE) last announced its quarterly earnings results on Thursday, November 2nd. The industrial products company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.06). DXP Enterprises had a net margin of 1.83% and a return on equity of 6.87%. The firm had revenue of $251.90 million for the quarter, compared to the consensus estimate of $250.42 million. During the same period in the previous year, the company posted $0.02 earnings per share. DXP Enterprises’s quarterly revenue was up 9.5% on a year-over-year basis. research analysts forecast that DXP Enterprises, Inc. will post 0.72 EPS for the current year.
A number of equities analysts have recently weighed in on the company. Zacks Investment Research lowered DXP Enterprises from a “buy” rating to a “hold” rating in a research note on Tuesday, September 26th. BidaskClub lowered DXP Enterprises from a “sell” rating to a “strong sell” rating in a research note on Sunday, July 30th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $42.00.
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DXP Enterprises 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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