Barclays PLC Raises Stake in DXP Enterprises, Inc. (NASDAQ:DXPE)

Barclays PLC raised its stake in shares of DXP Enterprises, Inc. (NASDAQ:DXPE) by 355.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 23,723 shares of the industrial products company’s stock after purchasing an additional 18,514 shares during the quarter. Barclays PLC owned 0.15% of DXP Enterprises worth $1,267,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of DXPE. Allspring Global Investments Holdings LLC boosted its holdings in shares of DXP Enterprises by 781.0% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 7,242 shares of the industrial products company’s stock valued at $332,000 after acquiring an additional 6,420 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of DXP Enterprises by 39.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,113 shares of the industrial products company’s stock worth $189,000 after purchasing an additional 1,174 shares during the last quarter. Privium Fund Management UK Ltd purchased a new position in DXP Enterprises during the 2nd quarter worth $209,000. Acadian Asset Management LLC lifted its position in shares of DXP Enterprises by 5.5% in the 2nd quarter. Acadian Asset Management LLC now owns 101,058 shares of the industrial products company’s stock worth $4,630,000 after purchasing an additional 5,311 shares during the period. Finally, LSV Asset Management raised its holdings in DXP Enterprises by 63.1% in the second quarter. LSV Asset Management now owns 90,495 shares of the industrial products company’s stock worth $4,148,000 after purchasing an additional 35,011 shares in the last quarter. 74.82% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

DXP Enterprises Stock Performance

NASDAQ:DXPE opened at $82.30 on Monday. The stock has a market capitalization of $1.29 billion, a P/E ratio of 21.21 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 $83.50. The company has a 50 day moving average price of $69.01 and a 200 day moving average price of $56.78.

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

Insider Buying and Selling at DXP Enterprises

In other news, insider Christopher T. Gregory sold 1,000 shares of DXP Enterprises stock in a transaction dated Tuesday, December 3rd. The stock was 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 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 22.40% of the stock is currently owned by corporate insiders.

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).