Victory Capital Management Inc. Decreases Stake in DXP Enterprises, Inc. (NASDAQ:DXPE)

Victory Capital Management Inc. reduced its position in DXP Enterprises, Inc. (NASDAQ:DXPE) by 13.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,399 shares of the industrial products company’s stock after selling 2,890 shares during the period. Victory Capital Management Inc. owned 0.12% of DXP Enterprises worth $1,603,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Barclays PLC raised 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 period. JPMorgan Chase & Co. lifted its stake in shares of DXP Enterprises by 193.3% in the 3rd 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. lifted its stake in shares of DXP Enterprises by 4.1% in the 3rd 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 lifted its stake in shares of DXP Enterprises by 21.8% in the 3rd 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 lifted its stake in shares of DXP Enterprises by 96.7% in the 3rd 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 currently owned by hedge funds and other institutional investors.

DXP Enterprises Price Performance

Shares of DXPE stock opened at $85.14 on Wednesday. DXP Enterprises, Inc. has a 52-week low of $43.25 and a 52-week high of $107.06. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.78 and a current ratio of 2.22. The firm has a market capitalization of $1.34 billion, a P/E ratio of 21.94 and a beta of 1.66. The stock has a 50 day moving average price of $94.33 and a 200 day moving average price of $74.44.

DXP Enterprises (NASDAQ:DXPE) last issued its quarterly earnings results on Thursday, March 6th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.49. DXP Enterprises had a return on equity of 18.74% and a net margin of 3.75%. The firm had revenue of $470.91 million during the quarter, compared to analyst estimates of $447.00 million. As a group, sell-side analysts predict that DXP Enterprises, Inc. will post 4.07 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. StockNews.com raised DXP Enterprises from a “hold” rating to a “buy” rating in a research note on Tuesday, March 11th. Stephens raised their price objective on DXP Enterprises from $75.00 to $95.00 and gave the company an “overweight” rating in a research note on Monday, March 10th.

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).