Quantbot Technologies LP Invests $41,000 in DXP Enterprises, Inc. (NASDAQ:DXPE)

Quantbot Technologies LP bought a new stake in DXP Enterprises, Inc. (NASDAQ:DXPE) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 771 shares of the industrial products company’s stock, valued at approximately $41,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Innealta Capital LLC purchased a new position in shares of DXP Enterprises in the 2nd quarter valued at about $29,000. Quest Partners LLC boosted its holdings in DXP Enterprises by 24.8% in the second 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 in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in DXP Enterprises by 39.9% in the second 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. SG Americas Securities LLC purchased a new position in DXP Enterprises in the third quarter valued at approximately $197,000. Finally, Privium Fund Management UK Ltd acquired a new stake in DXP Enterprises during the second quarter worth approximately $209,000. 74.82% of the stock is currently owned by institutional investors and hedge funds.

DXP Enterprises Stock Up 2.6 %

DXP Enterprises stock opened at $76.98 on Friday. The company has a market capitalization of $1.21 billion, a P/E ratio of 19.84 and a beta of 1.70. 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 fifty-two week low of $30.08 and a fifty-two week high of $77.22. The stock has a 50-day simple moving average of $60.82 and a 200-day simple moving average of $53.45.

DXP Enterprises (NASDAQ:DXPE) last released its quarterly earnings results on Monday, November 4th. The industrial products company reported $1.43 EPS for the quarter, beating the consensus estimate of $0.95 by $0.48. DXP Enterprises had a net margin of 3.75% and a return on equity of 18.74%. The firm had revenue of $472.94 million during the quarter. During the same quarter last year, the company earned $0.93 EPS. Equities research analysts expect that DXP Enterprises, Inc. will post 4.07 earnings per share for the current year.

Insider Buying and Selling

In other news, CMO Paz Maestas sold 2,000 shares of DXP Enterprises stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $53.21, for a total value of $106,420.00. Following the sale, the chief marketing officer now owns 617,367 shares of the company’s stock, valued at $32,850,098.07. The trade was a 0.32 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Christopher T. Gregory sold 1,000 shares of the stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $73.10, for a total transaction of $73,100.00. Following the transaction, the insider now directly owns 29,606 shares of the company’s stock, valued at $2,164,198.60. This represents a 3.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 22.40% of the company’s stock.

Analyst Upgrades and Downgrades

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

About DXP Enterprises

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).