DXP Enterprises, Inc. (NASDAQ:DXPE) Short Interest Down 8.8% in September

DXP Enterprises, Inc. (NASDAQ:DXPE) saw a significant decline in short interest during the month of September. As of September 15th, there was short interest totalling 661,800 shares, a decline of 8.8% from the August 31st total of 725,800 shares. Currently, 5.2% of the shares of the stock are sold short. Based on an average trading volume of 100,400 shares, the days-to-cover ratio is presently 6.6 days.

DXP Enterprises Trading Up 0.8 %

DXPE stock traded up $0.45 during midday trading on Tuesday, reaching $53.81. 25,342 shares of the company’s stock traded hands, compared to its average volume of 103,390. DXP Enterprises has a fifty-two week low of $28.82 and a fifty-two week high of $57.38. The business has a 50-day moving average price of $51.19 and a two-hundred day moving average price of $50.47. The company has a market capitalization of $857.09 million, a P/E ratio of 14.71 and a beta of 1.59. The company has a debt-to-equity ratio of 1.35, a current ratio of 2.39 and a quick ratio of 1.92.

DXP Enterprises (NASDAQ:DXPE) last issued 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 business had revenue of $445.56 million for the quarter. Equities research analysts forecast that DXP Enterprises will post 3.56 EPS for the current fiscal year.

Insider Transactions at DXP Enterprises

In related news, CMO Paz Maestas sold 2,000 shares of the stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $53.21, for a total value of $106,420.00. Following the transaction, the chief marketing officer now directly owns 617,367 shares of the company’s stock, valued at approximately $32,850,098.07. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 22.10% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of DXPE. Dimensional Fund Advisors LP lifted its holdings in shares of DXP Enterprises by 1.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,122,651 shares of the industrial products company’s stock worth $37,834,000 after purchasing an additional 14,328 shares during the last quarter. Fisher Asset Management LLC increased its stake in DXP Enterprises by 10.5% during the 4th 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 period. Maryland State Retirement & Pension System bought a new stake in shares of DXP Enterprises during the 1st quarter worth about $244,000. Simplex Trading LLC acquired a new position in shares of DXP Enterprises during the first quarter valued at approximately $486,000. Finally, New York State Teachers Retirement System raised its holdings in DXP Enterprises by 19.9% during the first quarter. New York State Teachers Retirement System now owns 5,851 shares of the industrial products company’s stock worth $314,000 after purchasing an additional 973 shares in the last quarter. 74.82% of the stock is currently owned by institutional investors.

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).