State of Wyoming Acquires 1,569 Shares of DXP Enterprises, Inc. (NASDAQ:DXPE)

State of Wyoming lifted its position in shares of DXP Enterprises, Inc. (NASDAQ:DXPE) by 21.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,724 shares of the industrial products company’s stock after purchasing an additional 1,569 shares during the quarter. State of Wyoming’s holdings in DXP Enterprises were worth $721,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in DXPE. Wellington Management Group LLP bought a new stake in shares of DXP Enterprises during the fourth quarter valued at approximately $67,901,000. Arrowstreet Capital Limited Partnership boosted its position in shares of DXP Enterprises by 2,589.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 149,349 shares of the industrial products company’s stock valued at $12,339,000 after purchasing an additional 143,795 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of DXP Enterprises by 5.7% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 720,320 shares of the industrial products company’s stock valued at $59,513,000 after purchasing an additional 38,900 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of DXP Enterprises by 26.5% during the fourth quarter. JPMorgan Chase & Co. now owns 123,986 shares of the industrial products company’s stock valued at $10,244,000 after purchasing an additional 25,942 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its position in shares of DXP Enterprises by 193.8% during the fourth quarter. BNP Paribas Financial Markets now owns 33,760 shares of the industrial products company’s stock valued at $2,789,000 after purchasing an additional 22,270 shares in the last quarter. 74.82% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on DXPE shares. StockNews.com lowered DXP Enterprises from a “buy” rating to a “hold” rating in a research report on Friday. Stephens boosted their target price on DXP Enterprises from $75.00 to $95.00 and gave the stock an “overweight” rating in a report on Monday, March 10th.

Insider Activity at DXP Enterprises

In related news, CEO David R. Little purchased 5,999 shares of DXP Enterprises stock in a transaction dated Wednesday, March 26th. The stock was purchased at an average cost of $82.70 per share, for a total transaction of $496,117.30. Following the completion of 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 position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CMO Paz Maestas sold 4,328 shares of the business’s stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $89.04, for a total transaction of $385,365.12. Following the transaction, the chief marketing officer now directly owns 613,039 shares of the company’s stock, valued at $54,584,992.56. The trade was a 0.70% 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 valued at $1,139,818 over the last ninety days. Insiders own 22.70% of the company’s stock.

DXP Enterprises Trading Up 0.9%

DXP Enterprises stock opened at $89.76 on Monday. The company has a current ratio of 2.22, a quick ratio of 1.78 and a debt-to-equity ratio of 1.29. The business’s fifty day simple moving average is $83.86 and its two-hundred day simple moving average is $84.21. DXP Enterprises, Inc. has a 12 month low of $43.25 and a 12 month high of $107.06. The company has a market capitalization of $1.41 billion, a price-to-earnings ratio of 23.13 and a beta of 1.26.

DXP Enterprises (NASDAQ:DXPE) last released its earnings results on Wednesday, May 7th. The industrial products company reported $1.26 EPS for the quarter, topping the consensus estimate of $1.20 by $0.06. DXP Enterprises had a return on equity of 18.74% and a net margin of 3.75%. The business had revenue of $476.57 million for the quarter, compared to the consensus estimate of $477.00 million. As a group, equities analysts predict that DXP Enterprises, Inc. will post 4.07 earnings per share for the current fiscal year.

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).