Teachers Retirement System of The State of Kentucky Has $163,000 Stake in DXP Enterprises, Inc. (DXPE)
Teachers Retirement System of The State of Kentucky maintained its position in shares of DXP Enterprises, Inc. (NASDAQ:DXPE) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,300 shares of the industrial products company’s stock at the end of the first quarter. Teachers Retirement System of The State of Kentucky’s holdings in DXP Enterprises were worth $163,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Hood River Capital Management LLC purchased a new position in shares of DXP Enterprises during the first quarter worth approximately $8,108,000. Norges Bank purchased a new position in shares of DXP Enterprises during the fourth quarter worth approximately $4,892,000. Hennessy Advisors Inc. purchased a new position in shares of DXP Enterprises during the first quarter worth approximately $3,961,000. Dimensional Fund Advisors LP raised its position 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 buying an additional 103,298 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of DXP Enterprises by 15.6% in the first quarter. JPMorgan Chase & Co. now owns 551,083 shares of the industrial products company’s stock worth $20,869,000 after buying an additional 74,262 shares in the last quarter. 73.84% of the stock is currently owned by hedge funds and other institutional investors.
DXP Enterprises, Inc. (DXPE) traded up 0.837% during mid-day trading on Monday, hitting $27.095. The stock had a trading volume of 22,712 shares. The company has a market cap of $471.48 million, a price-to-earnings ratio of 31.506 and a beta of 2.63. DXP Enterprises, Inc. has a 12 month low of $19.61 and a 12 month high of $42.00. The firm’s 50-day moving average is $32.15 and its 200 day moving average is $35.02.
DXP Enterprises (NASDAQ:DXPE) last announced its quarterly earnings results on Tuesday, July 25th. The industrial products company reported $0.23 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.01. The company had revenue of $250.69 million during the quarter, compared to analysts’ expectations of $246.15 million. DXP Enterprises had a return on equity of 6.15% and a net margin of 1.58%. The firm’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.34 earnings per share. Equities analysts anticipate that DXP Enterprises, Inc. will post $0.78 EPS for the current fiscal year.
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DXPE has been the topic of a number of research reports. BidaskClub raised DXP Enterprises from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Sidoti reaffirmed a “buy” rating and issued a $49.00 price objective (up from $47.00) on shares of DXP Enterprises in a report on Wednesday, May 17th. Zacks Investment Research lowered DXP Enterprises from a “buy” rating to a “hold” rating in a report on Monday, July 17th. Finally, KeyCorp reaffirmed a “sector weight” rating on shares of DXP Enterprises in a report on Friday, May 26th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $39.50.
In related news, insider Kent Nee Hung Yee sold 4,000 shares of DXP Enterprises stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $37.63, for a total transaction of $150,520.00. Following the completion of the sale, the insider now owns 40,278 shares of the company’s stock, valued at $1,515,661.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP David C. Vinson sold 3,000 shares of DXP Enterprises stock in a transaction on Thursday, May 18th. The shares were sold at an average price of $39.12, for a total value of $117,360.00. Following the sale, the vice president now directly owns 6,681 shares of the company’s stock, valued at approximately $261,360.72. The disclosure for this sale can be found here. 9.60% of the stock is currently owned by company insiders.
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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