New York State Common Retirement Fund Increases Stock Position in DXP Enterprises, Inc. (NASDAQ:DXPE)

New York State Common Retirement Fund boosted its holdings in DXP Enterprises, Inc. (NASDAQ:DXPE) by 75.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,211 shares of the industrial products company’s stock after buying an additional 3,100 shares during the period. New York State Common Retirement Fund’s holdings in DXP Enterprises were worth $596,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of DXPE. Barclays PLC boosted its position in shares of DXP Enterprises by 355.4% during the 3rd quarter. Barclays PLC now owns 23,723 shares of the industrial products company’s stock valued at $1,267,000 after acquiring an additional 18,514 shares during the last quarter. JPMorgan Chase & Co. lifted 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. grew its stake in DXP Enterprises by 4.1% in the 3rd quarter. Pacer Advisors Inc. now owns 744,587 shares of the industrial products company’s stock worth $39,731,000 after buying an additional 29,131 shares in the last quarter. CWA Asset Management Group LLC bought a new position in shares of DXP Enterprises in the 3rd quarter worth $1,107,000. Finally, FMR LLC raised its position in shares of DXP Enterprises by 21.8% during the 3rd quarter. FMR LLC now owns 776,950 shares of the industrial products company’s stock valued at $41,458,000 after buying an additional 139,027 shares in the last quarter. Institutional investors own 74.82% of the company’s stock.

Analysts Set New Price Targets

DXPE has been the subject of several research reports. Stephens upped their target price on DXP Enterprises from $65.00 to $75.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. StockNews.com lowered shares of DXP Enterprises from a “buy” rating to a “hold” rating in a report on Friday, December 20th.

DXP Enterprises Stock Down 5.3 %

Shares of DXP Enterprises stock opened at $81.82 on Wednesday. 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 12-month low of $35.06 and a 12-month high of $107.06. The company has a market cap of $1.28 billion, a P/E ratio of 21.09 and a beta of 1.67. The company’s fifty day simple moving average is $94.50 and its two-hundred day simple moving average is $72.32.

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).