Public Employees Retirement System of Ohio Grows Position in DXP Enterprises Inc (DXPE)

Public Employees Retirement System of Ohio increased its stake in shares of DXP Enterprises Inc (NASDAQ:DXPE) by 1.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 23,937 shares of the industrial products company’s stock after buying an additional 317 shares during the quarter. Public Employees Retirement System of Ohio owned about 0.14% of DXP Enterprises worth $666,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. KBC Group NV grew its holdings in shares of DXP Enterprises by 3.8% during the fourth quarter. KBC Group NV now owns 10,730 shares of the industrial products company’s stock worth $299,000 after buying an additional 395 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. grew its holdings in shares of DXP Enterprises by 100.0% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,000 shares of the industrial products company’s stock worth $28,000 after buying an additional 500 shares during the last quarter. Texas Permanent School Fund grew its holdings in shares of DXP Enterprises by 5.1% during the fourth quarter. Texas Permanent School Fund now owns 10,463 shares of the industrial products company’s stock worth $291,000 after buying an additional 508 shares during the last quarter. Advisor Group Inc. grew its holdings in shares of DXP Enterprises by 62.2% during the fourth quarter. Advisor Group Inc. now owns 1,552 shares of the industrial products company’s stock worth $43,000 after buying an additional 595 shares during the last quarter. Finally, Laurel Wealth Advisors LLC purchased a new position in shares of DXP Enterprises during the fourth quarter worth about $28,000. 79.77% of the stock is currently owned by hedge funds and other institutional investors.

In other news, VP Kent Nee Hung Yee sold 7,500 shares of DXP Enterprises stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $40.32, for a total transaction of $302,400.00. Following the completion of the sale, the vice president now directly owns 29,146 shares in the company, valued at approximately $1,175,166.72. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 9.20% of the stock is currently owned by insiders.



Shares of DXPE opened at $44.15 on Monday. DXP Enterprises Inc has a twelve month low of $26.95 and a twelve month high of $49.50. The company has a market capitalization of $776.16 million, a price-to-earnings ratio of 22.76 and a beta of 2.48. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.89 and a current ratio of 2.69.

DXP Enterprises (NASDAQ:DXPE) last announced its quarterly earnings data on Thursday, March 7th. The industrial products company reported $0.60 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.20. DXP Enterprises had a return on equity of 12.11% and a net margin of 2.93%. The company had revenue of $311.01 million for the quarter, compared to analyst estimates of $301.70 million. Analysts expect that DXP Enterprises Inc will post 2.36 EPS for the current year.

DXPE has been the topic of a number of research reports. Sidoti lowered their price target on DXP Enterprises from $61.00 to $52.00 and set a “buy” rating on the stock in a report on Tuesday, February 26th. TheStreet raised DXP Enterprises from a “c+” rating to a “b” rating in a report on Friday, March 8th. BidaskClub raised DXP Enterprises from a “sell” rating to a “hold” rating in a report on Tuesday, April 9th. ValuEngine raised DXP Enterprises from a “hold” rating to a “buy” rating in a report on Wednesday, January 9th. Finally, Zacks Investment Research raised DXP Enterprises from a “hold” rating to a “buy” rating and set a $37.00 price objective on the stock in a report on Thursday, February 7th. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $49.00.

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DXP Enterprises Profile

DXP Enterprises, Inc engages in distributing maintenance, repair, and operating (MRO) products, equipment, and services to energy and industrial customers in the United States. It operates through three segments: Service Centers, Supply Chain Services, and Innovative Pumping Solutions. The Service Centers segment offers MRO products, equipment, and integrated services, including technical expertise and logistics services.

Further Reading: Balance Sheet

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Institutional Ownership by Quarter for DXP Enterprises (NASDAQ:DXPE)

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