Smartleaf Asset Management LLC Boosts Holdings in DXP Enterprises, Inc. (NASDAQ:DXPE)

Smartleaf Asset Management LLC raised its holdings in DXP Enterprises, Inc. (NASDAQ:DXPE) by 3,150.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 520 shares of the industrial products company’s stock after buying an additional 504 shares during the quarter. Smartleaf Asset Management LLC’s holdings in DXP Enterprises were worth $43,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Global Retirement Partners LLC grew its stake in shares of DXP Enterprises by 2,220.0% during the 4th quarter. Global Retirement Partners LLC now owns 348 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 333 shares during the period. Quantbot Technologies LP acquired a new position in DXP Enterprises during the third quarter worth $41,000. Longboard Asset Management LP acquired a new stake in shares of DXP Enterprises in the 4th quarter worth $216,000. Savant Capital LLC purchased a new position in shares of DXP Enterprises during the 4th quarter worth $230,000. Finally, Metis Global Partners LLC acquired a new position in shares of DXP Enterprises during the 4th quarter valued at about $252,000. Hedge funds and other institutional investors own 74.82% of the company’s stock.

DXP Enterprises Price Performance

Shares of NASDAQ DXPE opened at $82.49 on Wednesday. The company has a market cap of $1.29 billion, a PE ratio of 21.26 and a beta of 1.66. The stock has a fifty day moving average price of $94.25 and a 200 day moving average price of $73.36. The company has a debt-to-equity ratio of 1.29, a current ratio of 2.22 and a quick ratio of 1.78. DXP Enterprises, Inc. has a 1-year low of $43.25 and a 1-year high of $107.06.

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

Wall Street Analyst Weigh In

Several brokerages recently issued reports on DXPE. Stephens boosted their price objective on shares of DXP Enterprises from $75.00 to $95.00 and gave the company an “overweight” rating in a report on Monday. StockNews.com upgraded shares of DXP Enterprises from a “hold” rating to a “buy” rating in a research note on Tuesday.

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).