Quadrature Capital Ltd Buys New Stake in DXP Enterprises, Inc. $DXPE

Quadrature Capital Ltd bought a new stake in shares of DXP Enterprises, Inc. (NASDAQ:DXPE) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 8,144 shares of the industrial products company’s stock, valued at approximately $712,000.

Other institutional investors also recently added to or reduced their stakes in the company. Laurel Wealth Advisors LLC increased its holdings in shares of DXP Enterprises by 8,665.0% during the second quarter. Laurel Wealth Advisors LLC now owns 122,710 shares of the industrial products company’s stock valued at $10,756,000 after purchasing an additional 121,310 shares during the period. Millennium Management LLC grew its position in DXP Enterprises by 661.5% in the 1st quarter. Millennium Management LLC now owns 128,956 shares of the industrial products company’s stock valued at $10,608,000 after buying an additional 112,021 shares in the last quarter. American Century Companies Inc. increased its stake in DXP Enterprises by 24.5% during the 2nd quarter. American Century Companies Inc. now owns 562,210 shares of the industrial products company’s stock valued at $49,278,000 after buying an additional 110,482 shares during the period. Wellington Management Group LLP increased its stake in DXP Enterprises by 13.3% during the 1st quarter. Wellington Management Group LLP now owns 931,004 shares of the industrial products company’s stock valued at $76,584,000 after buying an additional 109,151 shares during the period. Finally, Nomura Holdings Inc. bought a new stake in shares of DXP Enterprises during the 1st quarter worth about $5,831,000. Institutional investors and hedge funds own 74.82% of the company’s stock.

DXP Enterprises Trading Down 1.4%

Shares of NASDAQ:DXPE opened at $92.71 on Tuesday. The company has a debt-to-equity ratio of 1.33, a quick ratio of 2.33 and a current ratio of 2.79. The stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of 17.69 and a beta of 1.15. DXP Enterprises, Inc. has a 1-year low of $67.68 and a 1-year high of $130.97. The company has a 50 day moving average price of $110.51 and a 200 day moving average price of $104.46.

DXP Enterprises (NASDAQ:DXPE) last announced its quarterly earnings data on Thursday, November 6th. The industrial products company reported $1.34 EPS for the quarter, missing analysts’ consensus estimates of $1.45 by ($0.11). The company had revenue of $513.72 million for the quarter, compared to analyst estimates of $499.00 million. DXP Enterprises had a net margin of 4.52% and a return on equity of 20.94%. On average, research analysts anticipate that DXP Enterprises, Inc. will post 4.07 EPS for the current fiscal year.

Analyst Ratings Changes

DXPE has been the topic of a number of research analyst reports. Singular Research upgraded shares of DXP Enterprises to a “moderate buy” rating in a research note on Tuesday, September 9th. Weiss Ratings reiterated a “buy (b)” rating on shares of DXP Enterprises in a research report on Wednesday, October 8th. Finally, Wall Street Zen lowered DXP Enterprises from a “buy” rating to a “hold” rating in a report on Saturday, November 15th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $95.00.

Insider Buying and Selling at DXP Enterprises

In other DXP Enterprises news, COO Nicholas Little sold 20,440 shares of the company’s stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $118.53, for a total transaction of $2,422,753.20. Following the completion of the sale, the chief operating officer directly owned 791,888 shares of the company’s stock, valued at approximately $93,862,484.64. This represents a 2.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Christopher T. Gregory sold 4,477 shares of the firm’s stock in a transaction dated Thursday, September 25th. The stock was sold at an average price of $119.76, for a total transaction of $536,165.52. Following the completion of the transaction, the insider owned 19,959 shares of the company’s stock, valued at approximately $2,390,289.84. The trade was a 18.32% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 22.70% of the company’s stock.

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).