De Lisle Partners LLP Has $1.16 Million Stake in DXP Enterprises, Inc. (NASDAQ:DXPE)

De Lisle Partners LLP raised its holdings in DXP Enterprises, Inc. (NASDAQ:DXPE) by 96.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 21,654 shares of the industrial products company’s stock after buying an additional 10,645 shares during the period. De Lisle Partners LLP owned 0.14% of DXP Enterprises worth $1,157,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DXPE. Quest Partners LLC raised its holdings in DXP Enterprises by 24.8% during the second quarter. Quest Partners LLC now owns 2,109 shares of the industrial products company’s stock worth $97,000 after acquiring an additional 419 shares in the last quarter. Innealta Capital LLC bought a new position in shares of DXP Enterprises in the second quarter worth $29,000. Quantbot Technologies LP acquired a new position in shares of DXP Enterprises in the 3rd quarter valued at approximately $41,000. Federated Hermes Inc. raised its position in DXP Enterprises by 8.8% during the second quarter. Federated Hermes Inc. now owns 10,962 shares of the industrial products company’s stock valued at $502,000 after purchasing an additional 888 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of DXP Enterprises by 39.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,113 shares of the industrial products company’s stock worth $189,000 after buying an additional 1,174 shares in the last quarter. 74.82% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Stephens upped their price objective on shares of DXP Enterprises from $65.00 to $75.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th.

Insiders Place Their Bets

In other news, CMO Paz Maestas sold 2,000 shares of the firm’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $53.21, for a total value of $106,420.00. Following the completion of the sale, the chief marketing officer now directly owns 617,367 shares in the company, valued at $32,850,098.07. This trade represents a 0.32 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 22.40% of the company’s stock.

DXP Enterprises Trading Down 0.1 %

Shares of NASDAQ DXPE opened at $72.93 on Thursday. The stock has a market cap of $1.14 billion, a P/E ratio of 18.80 and a beta of 1.60. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.78 and a current ratio of 2.22. DXP Enterprises, Inc. has a 52-week low of $28.82 and a 52-week high of $74.30. The firm has a 50 day moving average price of $57.79 and a two-hundred day moving average price of $52.31.

DXP Enterprises (NASDAQ:DXPE) last announced its earnings results on Monday, November 4th. The industrial products company reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.48. DXP Enterprises had a net margin of 3.75% and a return on equity of 18.74%. The business had revenue of $472.94 million during the quarter. During the same period in the prior year, the business earned $0.93 EPS. As a group, equities analysts forecast that DXP Enterprises, Inc. will post 3.56 EPS for the current year.

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).