State Street Corp Sells 2,094 Shares of DXP Enterprises, Inc. (NASDAQ:DXPE)

State Street Corp reduced its position in shares of DXP Enterprises, Inc. (NASDAQ:DXPE) by 0.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 520,680 shares of the industrial products company’s stock after selling 2,094 shares during the period. State Street Corp owned about 3.32% of DXP Enterprises worth $27,783,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Quest Partners LLC lifted its stake in DXP Enterprises by 24.8% in the 2nd quarter. Quest Partners LLC now owns 2,109 shares of the industrial products company’s stock valued at $97,000 after acquiring an additional 419 shares in the last quarter. Innealta Capital LLC acquired a new position in DXP Enterprises during the second quarter worth $29,000. Quantbot Technologies LP bought a new position in DXP Enterprises in the third quarter valued at $41,000. Federated Hermes Inc. lifted its position in DXP Enterprises by 8.8% during the 2nd quarter. Federated Hermes Inc. now owns 10,962 shares of the industrial products company’s stock worth $502,000 after buying an additional 888 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake 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 during the last quarter. 74.82% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on DXPE shares. Stephens raised their price objective on DXP Enterprises from $65.00 to $75.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. StockNews.com lowered DXP Enterprises from a “buy” rating to a “hold” rating in a research report on Friday.

DXP Enterprises Stock Performance

Shares of DXPE stock opened at $78.88 on Monday. The stock has a market cap of $1.24 billion, a P/E ratio of 20.33 and a beta of 1.70. The company has a fifty day moving average price of $66.14 and a two-hundred day moving average price of $55.58. DXP Enterprises, Inc. has a one year low of $30.08 and a one year high of $82.33. The company has a debt-to-equity ratio of 1.29, a current ratio of 2.22 and a quick ratio of 1.78.

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

Insider Buying and Selling

In other news, insider Christopher T. Gregory sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $73.10, for a total transaction of $73,100.00. Following the completion of the sale, the insider now owns 29,606 shares in the company, valued at approximately $2,164,198.60. This trade represents a 3.27 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 22.40% of the stock is owned by insiders.

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).