Harvest Fund Management Co. Ltd Purchases Shares of 5,734 DXP Enterprises, Inc. (NASDAQ:DXPE)

Harvest Fund Management Co. Ltd purchased a new stake in shares of DXP Enterprises, Inc. (NASDAQ:DXPE) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 5,734 shares of the industrial products company’s stock, valued at approximately $471,000.

Several other large investors have also modified their holdings of DXPE. Global Retirement Partners LLC boosted 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 acquiring an additional 333 shares in the last quarter. Quantbot Technologies LP bought a new stake in shares of DXP Enterprises during the 3rd quarter worth $41,000. Smartleaf Asset Management LLC boosted its stake in shares of DXP Enterprises by 3,150.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 520 shares of the industrial products company’s stock worth $43,000 after acquiring an additional 504 shares in the last quarter. Longboard Asset Management LP bought a new stake in shares of DXP Enterprises during the 4th quarter worth $216,000. Finally, Savant Capital LLC bought a new stake in shares of DXP Enterprises during the 4th quarter worth $230,000. 74.82% of the stock is owned by institutional investors.

DXP Enterprises Price Performance

DXPE opened at $87.00 on Friday. The stock has a fifty day moving average of $94.40 and a 200-day moving average of $74.85. The firm has a market capitalization of $1.37 billion, a P/E ratio of 22.42 and a beta of 1.66. DXP Enterprises, Inc. has a 12-month low of $43.25 and a 12-month high of $107.06. The company has a quick ratio of 1.78, a current ratio of 2.22 and a debt-to-equity ratio of 1.29.

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

Insider Activity

In related news, CMO Paz Maestas sold 4,328 shares of the stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $89.04, for a total transaction of $385,365.12. Following the completion of the sale, the chief marketing officer now directly owns 613,039 shares in the company, valued at approximately $54,584,992.56. This trade represents a 0.70 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 22.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on DXPE. StockNews.com raised DXP Enterprises from a “hold” rating to a “buy” rating in a research note on Tuesday, March 11th. Stephens increased their target price on DXP Enterprises from $75.00 to $95.00 and gave the company an “overweight” rating in a report on Monday, March 10th.

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).