WINTON GROUP Ltd Sells 4,770 Shares of DXP Enterprises, Inc. $DXPE

WINTON GROUP Ltd lowered its position in DXP Enterprises, Inc. (NASDAQ:DXPE) by 42.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,566 shares of the industrial products company’s stock after selling 4,770 shares during the quarter. WINTON GROUP Ltd’s holdings in DXP Enterprises were worth $721,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. EverSource Wealth Advisors LLC lifted its position in shares of DXP Enterprises by 3,507.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 469 shares of the industrial products company’s stock worth $41,000 after acquiring an additional 456 shares during the period. Clearstead Advisors LLC raised its holdings in shares of DXP Enterprises by 164.5% in the 4th quarter. Clearstead Advisors LLC now owns 492 shares of the industrial products company’s stock worth $54,000 after buying an additional 306 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of DXP Enterprises by 35.4% in the 4th quarter. GAMMA Investing LLC now owns 860 shares of the industrial products company’s stock worth $94,000 after buying an additional 225 shares in the last quarter. State of Wyoming acquired a new position in shares of DXP Enterprises in the 4th quarter worth approximately $152,000. Finally, Laurel Wealth Advisors LLC acquired a new position in shares of DXP Enterprises in the 4th quarter worth approximately $154,000. Institutional investors own 74.82% of the company’s stock.

Insider Transactions at DXP Enterprises

In other DXP Enterprises news, Director Timothy P. Halter sold 6,842 shares of the company’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $141.59, for a total transaction of $968,758.78. Following the transaction, the director directly owned 30,000 shares in the company, valued at approximately $4,247,700. This represents a 18.57% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 22.70% of the company’s stock.

DXP Enterprises Stock Performance

DXP Enterprises stock opened at $160.40 on Thursday. The company has a current ratio of 2.98, a quick ratio of 2.56 and a debt-to-equity ratio of 1.60. DXP Enterprises, Inc. has a 1 year low of $75.58 and a 1 year high of $183.91. The company has a market cap of $2.49 billion, a PE ratio of 29.98 and a beta of 0.99. The company’s 50-day moving average is $153.88 and its two-hundred day moving average is $134.73.

DXP Enterprises (NASDAQ:DXPE) last released its earnings results on Thursday, May 7th. The industrial products company reported $1.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.12). DXP Enterprises had a net margin of 4.27% and a return on equity of 18.16%. The business had revenue of $521.66 million for the quarter, compared to analyst estimates of $531.00 million. Equities analysts anticipate that DXP Enterprises, Inc. will post 6.2 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Zacks Research cut DXP Enterprises from a “strong-buy” rating to a “hold” rating in a report on Monday, May 11th. Loop Capital set a $154.00 price target on DXP Enterprises in a report on Monday, March 2nd. Freedom Capital cut DXP Enterprises from a “strong-buy” rating to a “hold” rating in a report on Monday, May 11th. Wall Street Zen cut DXP Enterprises from a “buy” rating to a “hold” rating in a report on Saturday, June 6th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of DXP Enterprises in a report on Friday, May 22nd. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $154.00.

About DXP Enterprises

DXP Enterprises, Inc is a Houston, Texas–based industrial products and services distributor serving customers across North America. The company provides a broad portfolio of maintenance, repair and operations (MRO) supplies, including fluid power components, safety products, mechanical power transmission parts, and instrumentation. DXP’s product offering spans well-recognized private brands as well as equipment and parts from leading global manufacturers, enabling clients in energy, heavy industrial and manufacturing sectors to source critical components from a single supplier.

Through its network of service centers and specialized repair facilities, DXP delivers inventory management programs, turnkey fluid power rebuilds and custom assembly solutions.