DXP Enterprises, Inc. (DXPE) Shares Bought by Victory Capital Management Inc.
Victory Capital Management Inc. grew its stake in shares of DXP Enterprises, Inc. (NASDAQ:DXPE) by 13.9% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 42,700 shares of the industrial products company’s stock after buying an additional 5,225 shares during the period. Victory Capital Management Inc. owned approximately 0.25% of DXP Enterprises worth $1,345,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently made changes to their positions in DXPE. Alliancebernstein L.P. increased its stake in DXP Enterprises by 148.4% in the first quarter. Alliancebernstein L.P. now owns 16,070 shares of the industrial products company’s stock valued at $609,000 after acquiring an additional 9,600 shares during the period. Thrivent Financial For Lutherans increased its stake in DXP Enterprises by 3.9% in the first quarter. Thrivent Financial For Lutherans now owns 8,730 shares of the industrial products company’s stock valued at $331,000 after acquiring an additional 330 shares during the period. Vanguard Group Inc. increased its stake in DXP Enterprises by 5.9% in the first quarter. Vanguard Group Inc. now owns 778,746 shares of the industrial products company’s stock valued at $29,490,000 after acquiring an additional 43,270 shares during the period. Geode Capital Management LLC increased its stake in DXP Enterprises by 11.3% in the first quarter. Geode Capital Management LLC now owns 125,144 shares of the industrial products company’s stock valued at $4,739,000 after acquiring an additional 12,706 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in DXP Enterprises by 16.8% in the first quarter. Dimensional Fund Advisors LP now owns 719,426 shares of the industrial products company’s stock valued at $27,243,000 after acquiring an additional 103,298 shares during the period. 75.17% of the stock is owned by institutional investors and hedge funds.
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A number of analysts recently weighed in on DXPE shares. BidaskClub cut shares of DXP Enterprises from a “sell” rating to a “strong sell” rating in a research note on Sunday, July 30th. Zacks Investment Research raised shares of DXP Enterprises from a “hold” rating to a “buy” rating and set a $35.00 target price on the stock in a research note on Thursday, July 27th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $42.00.
Shares of DXP Enterprises, Inc. (NASDAQ:DXPE) opened at $26.30 on Thursday. The firm has a market cap of $458.97, a PE ratio of 26.93 and a beta of 2.73. DXP Enterprises, Inc. has a 52 week low of $24.86 and a 52 week high of $42.00. The company has a debt-to-equity ratio of 0.91, a current ratio of 2.51 and a quick ratio of 1.79.
DXP Enterprises (NASDAQ:DXPE) last posted its earnings results on Thursday, November 2nd. The industrial products company reported $0.16 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.22 by ($0.06). The business had revenue of $251.90 million during the quarter, compared to the consensus estimate of $250.42 million. DXP Enterprises had a net margin of 1.83% and a return on equity of 6.87%. The business’s revenue was up 9.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.02 EPS. equities analysts expect that DXP Enterprises, Inc. will post 0.72 EPS 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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