Massar Capital Management LP Purchases Shares of 3,920 DXP Enterprises, Inc. (NASDAQ:DXPE)

Massar Capital Management LP acquired a new position in shares of DXP Enterprises, Inc. (NASDAQ:DXPE) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 3,920 shares of the industrial products company’s stock, valued at approximately $324,000.

A number of other institutional investors and hedge funds have also modified their holdings of DXPE. Global Retirement Partners LLC increased its holdings in DXP Enterprises by 2,220.0% in the 4th quarter. Global Retirement Partners LLC now owns 348 shares of the industrial products company’s stock valued at $29,000 after buying an additional 333 shares during the period. Smartleaf Asset Management LLC raised its position in DXP Enterprises by 3,150.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 520 shares of the industrial products company’s stock worth $43,000 after purchasing an additional 504 shares in the last quarter. Hsbc Holdings PLC bought a new position in DXP Enterprises during the fourth quarter worth about $208,000. Longboard Asset Management LP acquired a new stake in DXP Enterprises during the fourth quarter valued at approximately $216,000. Finally, Pictet Asset Management Holding SA bought a new stake in shares of DXP Enterprises in the 4th quarter valued at approximately $218,000. 74.82% of the stock is currently owned by institutional investors.

DXP Enterprises Stock Performance

NASDAQ DXPE opened at $77.00 on Tuesday. The firm has a market cap of $1.21 billion, a price-to-earnings ratio of 19.85 and a beta of 1.29. 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, Inc. has a 1-year low of $43.25 and a 1-year high of $107.06. The company has a 50 day moving average of $84.77 and a 200-day moving average of $79.64.

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

Insiders Place Their Bets

In related news, CEO David R. Little acquired 5,999 shares of the company’s stock in a transaction that occurred on Wednesday, March 26th. The stock was purchased at an average price of $82.70 per share, for a total transaction of $496,117.30. Following the transaction, the chief executive officer now directly owns 1,257,593 shares of the company’s stock, valued at approximately $104,002,941.10. This trade represents a 0.48 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Timothy P. Halter sold 5,000 shares of the stock in a transaction on Monday, March 24th. The shares were sold at an average price of $89.75, for a total value of $448,750.00. Following the completion of the transaction, the director now owns 45,925 shares in the company, valued at $4,121,768.75. The trade was a 9.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 12,785 shares of company stock valued at $1,139,818. Insiders own 22.40% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on the company. StockNews.com raised DXP Enterprises from a “hold” rating to a “buy” rating in a research note on Friday. Stephens upped their target price on shares of DXP Enterprises from $75.00 to $95.00 and gave the stock an “overweight” rating in a report on Monday, March 10th.

DXP Enterprises 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).