DXP Enterprises, Inc. (NASDAQ:DXPE) Shares Purchased by EntryPoint Capital LLC

EntryPoint Capital LLC grew its position in shares of DXP Enterprises, Inc. (NASDAQ:DXPE) by 41.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 9,231 shares of the industrial products company’s stock after acquiring an additional 2,720 shares during the period. DXP Enterprises comprises about 0.3% of EntryPoint Capital LLC’s holdings, making the stock its 16th largest position. EntryPoint Capital LLC’s holdings in DXP Enterprises were worth $763,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Global Retirement Partners LLC increased its position in 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 in the last quarter. Quantbot Technologies LP purchased a new stake in DXP Enterprises during the third quarter worth approximately $41,000. Smartleaf Asset Management LLC increased its position in shares of DXP Enterprises by 3,150.0% in the fourth 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 purchased a new position in shares of DXP Enterprises in the 4th quarter valued at $216,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in shares of DXP Enterprises during the 4th quarter valued at $224,000. 74.82% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. StockNews.com raised DXP Enterprises from a “hold” rating to a “buy” rating in a research report 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 research note on Monday, March 10th.

DXP Enterprises Price Performance

Shares of DXPE stock opened at $89.86 on Tuesday. The firm has a fifty day simple moving average of $94.37 and a 200-day simple moving average of $75.43. The company has a market capitalization of $1.41 billion, a PE ratio of 23.16 and a beta of 1.66. DXP Enterprises, Inc. has a twelve month low of $43.25 and a twelve month high of $107.06. 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 (NASDAQ:DXPE) last announced its earnings results on Thursday, March 6th. The industrial products company reported $1.38 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.49. DXP Enterprises had a return on equity of 18.74% and a net margin of 3.75%. The company had revenue of $470.91 million during the quarter, compared to the consensus estimate of $447.00 million. Equities research analysts anticipate that DXP Enterprises, Inc. will post 4.07 earnings per share for the current fiscal year.

Insider Buying and Selling at DXP Enterprises

In related news, CMO Paz Maestas sold 4,328 shares of the company’s stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $89.04, for a total value of $385,365.12. Following the sale, the chief marketing officer now directly owns 613,039 shares of the company’s stock, valued at $54,584,992.56. This represents a 0.70 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 22.40% of the stock is owned by 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).