DXP Enterprises, Inc. (NASDAQ:DXPE) Holdings Decreased by Yousif Capital Management LLC

Yousif Capital Management LLC cut its position in shares of DXP Enterprises, Inc. (NASDAQ:DXPE) by 4.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,911 shares of the industrial products company’s stock after selling 227 shares during the quarter. Yousif Capital Management LLC’s holdings in DXP Enterprises were worth $406,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Longboard Asset Management LP acquired a new stake in shares of DXP Enterprises during the fourth quarter worth $216,000. CWA Asset Management Group LLC grew its position in shares of DXP Enterprises by 20.9% during the 4th quarter. CWA Asset Management Group LLC now owns 25,070 shares of the industrial products company’s stock valued at $2,071,000 after buying an additional 4,329 shares during the last quarter. JPMorgan Chase & Co. raised its stake in DXP Enterprises by 193.3% during the third quarter. JPMorgan Chase & Co. now owns 98,044 shares of the industrial products company’s stock worth $5,232,000 after acquiring an additional 64,611 shares during the period. Principal Financial Group Inc. lifted its holdings in DXP Enterprises by 0.3% in the third quarter. Principal Financial Group Inc. now owns 68,997 shares of the industrial products company’s stock worth $3,682,000 after acquiring an additional 178 shares during the last quarter. Finally, 272 Capital LP acquired a new position in DXP Enterprises in the third quarter valued at approximately $1,380,000. Institutional investors and hedge funds own 74.82% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. StockNews.com downgraded DXP Enterprises from a “buy” rating to a “hold” rating in a report on Friday, December 20th. Stephens raised their target price on DXP Enterprises from $65.00 to $75.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th.

DXP Enterprises Price Performance

Shares of NASDAQ:DXPE opened at $102.27 on Tuesday. The firm’s 50 day moving average is $91.91 and its two-hundred day moving average is $69.01. The firm has a market capitalization of $1.60 billion, a P/E ratio of 26.36 and a beta of 1.67. The company has a current ratio of 2.22, a quick ratio of 1.78 and a debt-to-equity ratio of 1.29. DXP Enterprises, Inc. has a 52 week low of $33.62 and a 52 week high of $107.06.

Insiders Place Their Bets

In other news, insider Christopher T. Gregory sold 1,000 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $73.10, for a total value of $73,100.00. Following the completion of the transaction, the insider now directly owns 29,606 shares in the company, valued at $2,164,198.60. This trade represents a 3.27 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 22.40% of the stock is currently 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).