Renaissance Technologies LLC Purchases 61,900 Shares of DXP Enterprises, Inc. (NASDAQ:DXPE)

Renaissance Technologies LLC raised its position in DXP Enterprises, Inc. (NASDAQ:DXPE) by 125.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 111,300 shares of the industrial products company’s stock after buying an additional 61,900 shares during the period. Renaissance Technologies LLC owned 0.70% of DXP Enterprises worth $5,102,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Innealta Capital LLC bought a new stake in DXP Enterprises during the second quarter worth $29,000. Quest Partners LLC increased its position in shares of DXP Enterprises by 24.8% during the 2nd quarter. Quest Partners LLC now owns 2,109 shares of the industrial products company’s stock valued at $97,000 after purchasing an additional 419 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position 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 valued at $189,000 after purchasing an additional 1,174 shares during the last quarter. Privium Fund Management UK Ltd purchased a new position in shares of DXP Enterprises in the 2nd quarter worth about $209,000. Finally, Maryland State Retirement & Pension System bought a new position in DXP Enterprises during the first quarter valued at about $244,000. Hedge funds and other institutional investors own 74.82% of the company’s stock.

Insider Buying and Selling at DXP Enterprises

In other news, CMO Paz Maestas sold 2,500 shares of the stock in a transaction on Friday, August 16th. The stock was sold at an average price of $49.00, for a total transaction of $122,500.00. Following the completion of the transaction, the chief marketing officer now owns 619,367 shares in the company, valued at approximately $30,348,983. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 22.10% of the company’s stock.

DXP Enterprises Stock Performance

NASDAQ DXPE opened at $52.90 on Friday. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.92 and a current ratio of 2.39. The company has a market capitalization of $842.59 million, a PE ratio of 14.69 and a beta of 1.59. DXP Enterprises, Inc. has a 52-week low of $28.82 and a 52-week high of $57.38. The company has a 50-day simple moving average of $51.13 and a 200 day simple moving average of $50.31.

DXP Enterprises (NASDAQ:DXPE) last posted its quarterly earnings results on Thursday, August 8th. The industrial products company reported $1.02 EPS for the quarter. DXP Enterprises had a net margin of 3.57% and a return on equity of 17.22%. The company had revenue of $445.56 million for the quarter. On average, research analysts predict 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).