Trexquant Investment LP Purchases Shares of 19,896 DXP Enterprises, Inc. (NASDAQ:DXPE)

Trexquant Investment LP purchased a new stake in DXP Enterprises, Inc. (NASDAQ:DXPE) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 19,896 shares of the industrial products company’s stock, valued at approximately $1,644,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DXPE. Wellington Management Group LLP purchased a new position in DXP Enterprises in the 4th quarter valued at approximately $67,901,000. Arrowstreet Capital Limited Partnership boosted its position in DXP Enterprises by 2,589.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 149,349 shares of the industrial products company’s stock valued at $12,339,000 after buying an additional 143,795 shares during the period. JPMorgan Chase & Co. boosted its position in DXP Enterprises by 193.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 98,044 shares of the industrial products company’s stock valued at $5,232,000 after buying an additional 64,611 shares during the period. 272 Capital LP purchased a new position in DXP Enterprises in the 3rd quarter valued at approximately $1,380,000. Finally, Barclays PLC lifted its position in shares of DXP Enterprises by 355.4% during the 3rd quarter. Barclays PLC now owns 23,723 shares of the industrial products company’s stock worth $1,267,000 after purchasing an additional 18,514 shares during the last quarter. Hedge funds and other institutional investors own 74.82% of the company’s stock.

DXP Enterprises Price Performance

DXP Enterprises stock opened at $81.45 on Thursday. The stock has a market cap of $1.28 billion, a P/E ratio of 20.99 and a beta of 1.29. The company has a fifty day simple moving average of $88.26 and a 200-day simple moving average of $77.95. DXP Enterprises, Inc. has a 12-month low of $43.25 and a 12-month high of $107.06. The company has a current ratio of 2.22, a quick ratio of 1.78 and a debt-to-equity ratio of 1.29.

DXP Enterprises (NASDAQ:DXPE) last released its quarterly earnings data on Thursday, March 6th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.49. DXP Enterprises had a net margin of 3.75% and a return on equity of 18.74%. The business had revenue of $470.91 million during the quarter, compared to analysts’ expectations of $447.00 million. Equities analysts expect that DXP Enterprises, Inc. will post 4.07 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on DXPE. Stephens lifted their price objective on shares of DXP Enterprises from $75.00 to $95.00 and gave the stock an “overweight” rating in a research report on Monday, March 10th. StockNews.com raised shares of DXP Enterprises from a “hold” rating to a “buy” rating in a research report on Wednesday, April 2nd.

Insider Buying and Selling

In related news, CEO David R. Little purchased 5,999 shares of the business’s stock in a transaction that occurred on Wednesday, March 26th. The shares were purchased at an average cost of $82.70 per share, for a total transaction of $496,117.30. Following the purchase, the chief executive officer now directly owns 1,257,593 shares of the company’s stock, valued at $104,002,941.10. The trade was a 0.48 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Kent Nee Hung Yee sold 3,457 shares of DXP Enterprises stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of $88.43, for a total transaction of $305,702.51. Following the completion of the transaction, the chief financial officer now owns 68,849 shares in the company, valued at approximately $6,088,317.07. This represents a 4.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,785 shares of company stock worth $1,139,818 in the last ninety days. 22.40% of the stock is owned by corporate insiders.

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).