WINTON GROUP Ltd Boosts Stock Position in DXP Enterprises, Inc. (NASDAQ:DXPE)

WINTON GROUP Ltd raised its holdings in DXP Enterprises, Inc. (NASDAQ:DXPE) by 9.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,101 shares of the industrial products company’s stock after purchasing an additional 698 shares during the period. WINTON GROUP Ltd owned about 0.05% of DXP Enterprises worth $669,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Global Retirement Partners LLC increased its stake in shares of DXP Enterprises by 2,220.0% in the fourth quarter. Global Retirement Partners LLC now owns 348 shares of the industrial products company’s stock worth $29,000 after buying an additional 333 shares during the last quarter. Smartleaf Asset Management LLC grew its position in shares of DXP Enterprises by 3,150.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 520 shares of the industrial products company’s stock worth $43,000 after acquiring an additional 504 shares in the last quarter. Quantbot Technologies LP bought a new stake in shares of DXP Enterprises in the 3rd quarter valued at approximately $41,000. Longboard Asset Management LP acquired a new stake in shares of DXP Enterprises during the 4th quarter valued at approximately $216,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in DXP Enterprises during the fourth quarter worth $224,000. 74.82% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

DXPE has been the topic of a number of recent research reports. StockNews.com cut DXP Enterprises from a “buy” rating to a “hold” rating in a research note on Tuesday, March 25th. Stephens lifted their price objective on shares of DXP Enterprises from $75.00 to $95.00 and gave the company an “overweight” rating in a research report on Monday, March 10th.

Insider Transactions at DXP Enterprises

In other news, CFO Kent Nee Hung Yee sold 3,457 shares of the firm’s stock in a transaction dated 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 trade represents a 4.78 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO David R. Little acquired 5,999 shares of the stock in a transaction dated Wednesday, March 26th. The stock was acquired 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 in the company, valued at approximately $104,002,941.10. The trade was a 0.48 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 12,785 shares of company stock valued at $1,139,818. Corporate insiders own 22.40% of the company’s stock.

DXP Enterprises Stock Down 0.1 %

DXP Enterprises stock opened at $82.88 on Friday. DXP Enterprises, Inc. has a 52 week low of $43.25 and a 52 week high of $107.06. The stock has a market cap of $1.30 billion, a price-to-earnings ratio of 21.36 and a beta of 1.66. The company’s 50-day moving average price is $93.23 and its two-hundred day moving average price is $76.25. 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 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 firm 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, analysts expect that DXP Enterprises, Inc. will post 4.07 EPS 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).