State of Tennessee Treasury Department raised its holdings in DXP Enterprises Inc (NASDAQ:DXPE) by 13.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,857 shares of the industrial products company’s stock after acquiring an additional 1,369 shares during the quarter. State of Tennessee Treasury Department owned 0.07% of DXP Enterprises worth $412,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Nisa Investment Advisors LLC increased its holdings in shares of DXP Enterprises by 192.3% in the 2nd quarter. Nisa Investment Advisors LLC now owns 760 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 500 shares during the period. New York State Teachers Retirement System increased its holdings in DXP Enterprises by 72.3% in the second quarter. New York State Teachers Retirement System now owns 10,962 shares of the industrial products company’s stock worth $415,000 after buying an additional 4,600 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. acquired a new position in DXP Enterprises in the second quarter worth approximately $311,000. Aperio Group LLC increased its holdings in DXP Enterprises by 22.0% in the second quarter. Aperio Group LLC now owns 7,694 shares of the industrial products company’s stock worth $292,000 after buying an additional 1,387 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan increased its holdings in DXP Enterprises by 14.0% in the second quarter. Municipal Employees Retirement System of Michigan now owns 32,160 shares of the industrial products company’s stock worth $1,218,000 after buying an additional 3,950 shares during the last quarter. Hedge funds and other institutional investors own 79.54% of the company’s stock.
A number of equities analysts recently commented on DXPE shares. BidaskClub downgraded DXP Enterprises from a “buy” rating to a “hold” rating in a report on Monday, November 18th. Zacks Investment Research downgraded DXP Enterprises from a “hold” rating to a “sell” rating in a report on Tuesday, November 26th. Finally, ValuEngine cut DXP Enterprises from a “hold” rating to a “sell” rating in a research report on Thursday. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. DXP Enterprises currently has a consensus rating of “Hold” and a consensus price target of $47.00.
Shares of DXP Enterprises stock opened at $38.53 on Monday. DXP Enterprises Inc has a 12-month low of $26.95 and a 12-month high of $45.66. The company has a quick ratio of 1.85, a current ratio of 2.71 and a debt-to-equity ratio of 0.83. The stock has a market capitalization of $686.53 million, a P/E ratio of 19.86, a PEG ratio of 0.93 and a beta of 2.64. The stock has a 50 day moving average price of $36.58 and a two-hundred day moving average price of $34.63.
DXP Enterprises (NASDAQ:DXPE) last posted its quarterly earnings data on Wednesday, November 6th. The industrial products company reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.10. The company had revenue of $327.18 million during the quarter, compared to analysts’ expectations of $323.44 million. DXP Enterprises had a return on equity of 13.87% and a net margin of 3.51%. DXP Enterprises’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.46 earnings per share. Sell-side analysts anticipate that DXP Enterprises Inc will post 2.39 earnings per share for the current year.
DXP Enterprises Company Profile
DXP Enterprises, Inc engages in distributing maintenance, repair, and operating (MRO) products, equipment, and services to energy and industrial customers in the United States. It operates in three segments: Service Centers, Supply Chain Services, and Innovative Pumping Solutions. The Service Centers segment offers MRO products, equipment, and integrated services, including technical expertise and logistics services.
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