DXP Enterprises Inc. (DXPE) Stake Held by GAM Holding AG
GAM Holding AG held its position in DXP Enterprises Inc. (NASDAQ:DXPE) during the third quarter, Holdings Channel reports. The institutional investor owned 200,000 shares of the company’s stock at the end of the third quarter. GAM Holding AG’s holdings in DXP Enterprises were worth $5,638,000 at the end of the most recent reporting period.
Other institutional investors have also bought and sold shares of the company. Acadian Asset Management LLC purchased a new stake in DXP Enterprises during the third quarter worth approximately $275,000. Texas Permanent School Fund bought a new stake in DXP Enterprises during the third quarter worth about $277,000. Zacks Investment Management bought a new stake in DXP Enterprises during the second quarter worth about $152,000. Metropolitan Life Insurance Co. NY raised its stake in DXP Enterprises by 8.4% in the second quarter. Metropolitan Life Insurance Co. NY now owns 10,334 shares of the company’s stock worth $154,000 after buying an additional 799 shares during the period. Finally, State Board of Administration of Florida Retirement System raised its stake in DXP Enterprises by 6.7% in the second quarter. State Board of Administration of Florida Retirement System now owns 11,751 shares of the company’s stock worth $175,000 after buying an additional 741 shares during the period. Institutional investors own 65.63% of the company’s stock.
Shares of DXP Enterprises Inc. (NASDAQ:DXPE) traded up 12.86% during trading on Wednesday, reaching $33.70. 460,260 shares of the company traded hands. The stock’s 50 day moving average price is $25.63 and its 200-day moving average price is $21.76. DXP Enterprises Inc. has a 12 month low of $12.67 and a 12 month high of $33.73. The stock’s market cap is $584.22 million.
DXP Enterprises (NASDAQ:DXPE) last announced its quarterly earnings data on Monday, November 14th. The company reported $0.02 EPS for the quarter, missing the Zacks’ consensus estimate of $0.12 by $0.10. The firm earned $230 million during the quarter, compared to analyst estimates of $253.35 million. DXP Enterprises had a positive return on equity of 3.61% and a negative net margin of 0.26%. DXP Enterprises’s revenue for the quarter was down 24.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.32 earnings per share. On average, equities research analysts expect that DXP Enterprises Inc. will post $0.02 EPS for the current fiscal year.
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DXPE has been the subject of a number of research analyst reports. Stephens set a $45.00 price target on shares of DXP Enterprises and gave the stock a “buy” rating in a research report on Sunday, August 21st. Zacks Investment Research raised shares of DXP Enterprises from a “sell” rating to a “hold” rating in a research report on Wednesday, November 2nd. Finally, William Blair reissued a “market perform” rating and issued a $29.00 price target on shares of DXP Enterprises in a research report on Saturday, October 22nd.
In related news, SVP John Jay Jeffery sold 1,000 shares of DXP Enterprises stock in a transaction dated Friday, September 30th. The stock was sold at an average price of $28.07, for a total value of $28,070.00. Following the completion of the sale, the senior vice president now directly owns 14,221 shares in the company, valued at $399,183.47. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Todd Hamlin sold 1,500 shares of DXP Enterprises stock in a transaction dated Tuesday, November 22nd. The stock was sold at an average price of $30.08, for a total value of $45,120.00. Following the completion of the sale, the insider now owns 22,168 shares of the company’s stock, valued at $666,813.44. The disclosure for this sale can be found here. 11.30% of the stock is owned by corporate insiders.
About DXP Enterprises
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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