Federated Investors Inc. PA Grows Position in DXP Enterprises, Inc. (DXPE)
Federated Investors Inc. PA increased its position in shares of DXP Enterprises, Inc. (NASDAQ:DXPE) by 71.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 54,308 shares of the industrial products company’s stock after purchasing an additional 22,622 shares during the quarter. Federated Investors Inc. PA owned 0.31% of DXP Enterprises worth $1,874,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in DXPE. Oppenheimer Asset Management Inc. acquired a new position in DXP Enterprises in the first quarter valued at approximately $102,000. State of Alaska Department of Revenue lifted its holdings in DXP Enterprises by 78.9% in the second quarter. State of Alaska Department of Revenue now owns 3,059 shares of the industrial products company’s stock valued at $105,000 after acquiring an additional 1,349 shares during the period. Municipal Employees Retirement System of Michigan lifted its holdings in DXP Enterprises by 3.1% in the second quarter. Municipal Employees Retirement System of Michigan now owns 3,640 shares of the industrial products company’s stock valued at $126,000 after acquiring an additional 110 shares during the period. Mason Street Advisors LLC lifted its holdings in DXP Enterprises by 7.0% in the first quarter. Mason Street Advisors LLC now owns 3,608 shares of the industrial products company’s stock valued at $137,000 after acquiring an additional 236 shares during the period. Finally, BNP Paribas Arbitrage SA lifted its holdings in DXP Enterprises by 63.1% in the second quarter. BNP Paribas Arbitrage SA now owns 5,688 shares of the industrial products company’s stock valued at $196,000 after acquiring an additional 2,201 shares during the period. 74.18% of the stock is owned by hedge funds and other institutional investors.
A number of research analysts have issued reports on the company. Sidoti reissued a “buy” rating and issued a $49.00 price target (up from $47.00) on shares of DXP Enterprises in a report on Wednesday, May 17th. KeyCorp reissued a “sector weight” rating on shares of DXP Enterprises in a report on Friday, May 26th. BidaskClub raised DXP Enterprises from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Finally, Zacks Investment Research downgraded DXP Enterprises from a “buy” rating to a “hold” rating in a report on Monday, July 17th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $37.67.
DXP Enterprises, Inc. (NASDAQ:DXPE) opened at 27.28 on Monday. DXP Enterprises, Inc. has a one year low of $19.61 and a one year high of $42.00. The firm has a 50-day moving average price of $27.84 and a 200-day moving average price of $33.45. The firm has a market capitalization of $474.70 million, a P/E ratio of 31.72 and a beta of 2.64.
DXP Enterprises (NASDAQ:DXPE) last posted its quarterly earnings data on Tuesday, July 25th. The industrial products company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.01. DXP Enterprises had a return on equity of 6.15% and a net margin of 1.58%. The company had revenue of $250.69 million during the quarter, compared to analysts’ expectations of $246.15 million. During the same period last year, the firm earned $0.34 EPS. The firm’s revenue for the quarter was down 2.2% on a year-over-year basis. Equities analysts anticipate that DXP Enterprises, Inc. will post $0.77 earnings per share for the current year.
DXP Enterprises Profile
DXP Enterprises, Inc (DXP) is engaged in the business of distributing maintenance, repair and operating (MRO) products, equipment and service to industrial customers. The Company operates through three segments: Service Centers, Supply Chain Services and Innovative Pumping Solutions. The Service Centers segment provides MRO products, equipment and services, including technical expertise and logistics capabilities to industrial customers.
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