Quadrature Capital Ltd Sells 16,636 Shares of DXP Enterprises, Inc. (NASDAQ:DXPE)

Quadrature Capital Ltd lessened its position in DXP Enterprises, Inc. (NASDAQ:DXPE) by 63.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,491 shares of the industrial products company’s stock after selling 16,636 shares during the quarter. Quadrature Capital Ltd owned 0.06% of DXP Enterprises worth $319,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Hillsdale Investment Management Inc. bought a new position in shares of DXP Enterprises during the fourth quarter valued at about $1,900,000. Fisher Asset Management LLC grew its stake in shares of DXP Enterprises by 10.5% during the fourth quarter. Fisher Asset Management LLC now owns 40,659 shares of the industrial products company’s stock valued at $1,370,000 after buying an additional 3,860 shares during the last quarter. Cornercap Investment Counsel Inc. bought a new position in shares of DXP Enterprises during the fourth quarter valued at about $507,000. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of DXP Enterprises by 161.0% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 36,660 shares of the industrial products company’s stock valued at $1,281,000 after buying an additional 22,612 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of DXP Enterprises by 36.4% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 6,380 shares of the industrial products company’s stock valued at $215,000 after buying an additional 1,701 shares during the last quarter. Institutional investors own 74.82% of the company’s stock.

DXP Enterprises Stock Performance

DXP Enterprises stock opened at $45.73 on Wednesday. The company has a current ratio of 2.69, a quick ratio of 2.22 and a debt-to-equity ratio of 1.39. The firm has a 50-day moving average of $49.75 and a 200-day moving average of $42.91. The firm has a market cap of $728.48 million, a P/E ratio of 12.70 and a beta of 1.64. DXP Enterprises, Inc. has a 1-year low of $28.70 and a 1-year high of $57.38.

DXP Enterprises (NASDAQ:DXPE) last posted its earnings results on Wednesday, May 8th. The industrial products company reported $0.74 earnings per share for the quarter. The company had revenue of $412.64 million during the quarter. DXP Enterprises had a net margin of 3.75% and a return on equity of 17.93%. Sell-side analysts expect that DXP Enterprises, Inc. will post 3.16 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have recently issued reports on DXPE shares. StockNews.com cut DXP Enterprises from a “strong-buy” rating to a “buy” rating in a research note on Friday, May 10th. TheStreet raised DXP Enterprises from a “c+” rating to a “b-” rating in a research note on Thursday, March 14th.

Insider Transactions at DXP Enterprises

In other DXP Enterprises news, CMO Paz Maestas sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $48.14, for a total value of $192,560.00. Following the completion of the sale, the chief marketing officer now directly owns 621,867 shares in the company, valued at $29,936,677.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 22.10% of the stock is currently owned by company insiders.

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).