DXP Enterprises, Inc. (DXPE) Position Held by Public Employees Retirement Association of Colorado
Public Employees Retirement Association of Colorado continued to hold its stake in shares of DXP Enterprises, Inc. (NASDAQ:DXPE) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,989 shares of the industrial products company’s stock at the end of the first quarter. Public Employees Retirement Association of Colorado’s holdings in DXP Enterprises were worth $189,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in the company. Dimensional Fund Advisors LP increased its position in DXP Enterprises by 26.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 616,128 shares of the industrial products company’s stock worth $21,404,000 after buying an additional 127,241 shares during the last quarter. State Street Corp increased its position in DXP Enterprises by 28.9% in the fourth quarter. State Street Corp now owns 301,101 shares of the industrial products company’s stock worth $10,457,000 after buying an additional 67,438 shares during the last quarter. Norges Bank purchased a new position in DXP Enterprises during the fourth quarter worth about $4,892,000. Russell Investments Group Ltd. purchased a new position in DXP Enterprises during the fourth quarter worth about $4,579,000. Finally, Bogle Investment Management L P DE purchased a new position in DXP Enterprises during the fourth quarter worth about $3,832,000. Institutional investors own 74.86% of the company’s stock.
DXP Enterprises, Inc. (NASDAQ DXPE) opened at 36.25 on Tuesday. The company has a market capitalization of $631.37 million, a P/E ratio of 38.36 and a beta of 2.53. The company’s 50 day moving average price is $36.51 and its 200-day moving average price is $36.16. DXP Enterprises, Inc. has a 12-month low of $13.94 and a 12-month high of $42.00.
DXP Enterprises (NASDAQ:DXPE) last posted its quarterly earnings results on Monday, May 15th. The industrial products company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.14. DXP Enterprises had a return on equity of 7.00% and a net margin of 1.68%. The business had revenue of $238.50 million for the quarter, compared to the consensus estimate of $230.04 million. During the same period in the prior year, the business earned ($0.35) EPS. The firm’s revenue for the quarter was down 6.0% on a year-over-year basis. Equities analysts forecast that DXP Enterprises, Inc. will post $0.82 earnings per share for the current fiscal year.
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A number of research analysts recently issued reports on the company. Keefe, Bruyette & Woods reiterated a “hold” rating on shares of DXP Enterprises in a report on Friday, March 24th. KeyCorp reiterated a “sector weight” rating on shares of DXP Enterprises in a report on Friday, May 26th. Zacks Investment Research upgraded DXP Enterprises from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a report on Wednesday, April 5th. Finally, Sidoti upgraded DXP Enterprises from a “neutral” rating to a “buy” rating in a report on Thursday, March 23rd. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $41.50.
In related news, VP David C. Vinson sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, May 18th. The stock was sold at an average price of $39.12, for a total transaction of $117,360.00. Following the transaction, the vice president now directly owns 6,681 shares of the company’s stock, valued at approximately $261,360.72. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Kent Nee Hung Yee sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $37.63, for a total value of $150,520.00. Following the transaction, the insider now directly owns 40,278 shares in the company, valued at $1,515,661.14. The disclosure for this sale can be found here. 9.60% of the stock is currently owned by corporate insiders.
DXP Enterprises Company 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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