Bank of New York Mellon Corp Has $7.90 Million Position in DXP Enterprises, Inc. (NASDAQ:DXPE)

Bank of New York Mellon Corp cut its stake in shares of DXP Enterprises, Inc. (NASDAQ:DXPE) by 13.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 95,601 shares of the industrial products company’s stock after selling 14,675 shares during the period. Bank of New York Mellon Corp owned 0.61% of DXP Enterprises worth $7,899,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Barclays PLC boosted its position in DXP Enterprises by 355.4% during the third quarter. Barclays PLC now owns 23,723 shares of the industrial products company’s stock valued at $1,267,000 after purchasing an additional 18,514 shares during the last quarter. JPMorgan Chase & Co. boosted its position 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 valued at $5,232,000 after purchasing an additional 64,611 shares during the last quarter. Pacer Advisors Inc. boosted its position in DXP Enterprises by 4.1% during the third quarter. Pacer Advisors Inc. now owns 744,587 shares of the industrial products company’s stock valued at $39,731,000 after purchasing an additional 29,131 shares during the last quarter. FMR LLC boosted its position in DXP Enterprises by 21.8% during the third quarter. FMR LLC now owns 776,950 shares of the industrial products company’s stock valued at $41,458,000 after purchasing an additional 139,027 shares during the last quarter. Finally, De Lisle Partners LLP boosted its position in DXP Enterprises by 96.7% during the third quarter. De Lisle Partners LLP now owns 21,654 shares of the industrial products company’s stock valued at $1,157,000 after purchasing an additional 10,645 shares during the last quarter. 74.82% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Stephens increased their price target on DXP Enterprises from $75.00 to $95.00 and gave the company an “overweight” rating in a research report on Monday, March 10th. StockNews.com upgraded DXP Enterprises from a “hold” rating to a “buy” rating in a research note on Tuesday, March 11th.

DXP Enterprises Price Performance

NASDAQ:DXPE opened at $85.55 on Friday. The company has a quick ratio of 1.78, a current ratio of 2.22 and a debt-to-equity ratio of 1.29. The stock’s 50 day moving average price is $94.23 and its two-hundred day moving average price is $73.87. The firm has a market capitalization of $1.34 billion, a price-to-earnings ratio of 22.05 and a beta of 1.66. DXP Enterprises, Inc. has a 12-month low of $43.25 and a 12-month high of $107.06.

DXP Enterprises (NASDAQ:DXPE) last released its quarterly earnings data on Thursday, March 6th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.49. The firm had revenue of $470.91 million for the quarter, compared to analyst estimates of $447.00 million. DXP Enterprises had a return on equity of 18.74% and a net margin of 3.75%. On average, analysts anticipate that DXP Enterprises, Inc. will post 4.07 earnings per share 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).