Hillsdale Investment Management Inc. purchased a new stake in DXP Enterprises, Inc. (NASDAQ:DXPE) during the second quarter, according to its most recent disclosure with the SEC. The firm purchased 4,400 shares of the industrial products company’s stock, valued at approximately $152,000.

A number of other institutional investors also recently modified their holdings of the stock. Oppenheimer Asset Management Inc. increased its stake in DXP Enterprises by 8.1% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 2,915 shares of the industrial products company’s stock worth $101,000 after buying an additional 219 shares in the last quarter. State of Alaska Department of Revenue lifted its position in shares of DXP Enterprises by 78.9% in the second quarter. State of Alaska Department of Revenue now owns 3,059 shares of the industrial products company’s stock valued at $105,000 after acquiring an additional 1,349 shares in the last quarter. Municipal Employees Retirement System of Michigan lifted its position in shares of DXP Enterprises by 3.1% in the second quarter. Municipal Employees Retirement System of Michigan now owns 3,640 shares of the industrial products company’s stock valued at $126,000 after acquiring an additional 110 shares in the last quarter. Mason Street Advisors LLC lifted its position in shares of DXP Enterprises by 7.0% in the first quarter. Mason Street Advisors LLC now owns 3,608 shares of the industrial products company’s stock valued at $137,000 after acquiring an additional 236 shares in the last quarter. Finally, BNP Paribas Arbitrage SA lifted its position in shares of DXP Enterprises by 63.1% in the second quarter. BNP Paribas Arbitrage SA now owns 5,688 shares of the industrial products company’s stock valued at $196,000 after acquiring an additional 2,201 shares in the last quarter. 74.18% of the stock is currently owned by hedge funds and other institutional investors.

DXP Enterprises, Inc. (NASDAQ DXPE) opened at 32.32 on Tuesday. The stock’s 50 day moving average price is $28.26 and its 200 day moving average price is $33.00. The firm has a market capitalization of $562.40 million, a PE ratio of 37.58 and a beta of 2.66. DXP Enterprises, Inc. has a one year low of $19.61 and a one year high of $42.00.

DXP Enterprises (NASDAQ:DXPE) last issued its quarterly earnings data on Tuesday, July 25th. The industrial products company reported $0.23 EPS for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.01. DXP Enterprises had a net margin of 1.58% and a return on equity of 6.15%. The firm had revenue of $250.69 million for the quarter, compared to analysts’ expectations of $246.15 million. During the same period in the prior year, the company earned $0.34 EPS. The firm’s revenue was down 2.2% on a year-over-year basis. Analysts expect that DXP Enterprises, Inc. will post $0.76 EPS for the current year.

DXPE has been the topic of a number of research analyst reports. BidaskClub lowered DXP Enterprises from a “sell” rating to a “strong sell” rating in a research note on Sunday, July 30th. Zacks Investment Research cut DXP Enterprises from a “buy” rating to a “hold” rating in a research report on Monday, July 17th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $37.67.

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About DXP Enterprises

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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Institutional Ownership by Quarter for DXP Enterprises (NASDAQ:DXPE)

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