Credit Suisse AG reduced its position in shares of DXP Enterprises, Inc. (NASDAQ:DXPE) by 44.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,802 shares of the industrial products company’s stock after selling 13,586 shares during the period. Credit Suisse AG owned about 0.10% of DXP Enterprises worth $637,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the stock. Frontier Capital Management Co. LLC increased its stake in DXP Enterprises by 1.6% in the first quarter. Frontier Capital Management Co. LLC now owns 976,713 shares of the industrial products company’s stock worth $36,988,000 after buying an additional 14,982 shares during the last quarter. Van Berkom & Associates Inc. increased its stake in DXP Enterprises by 0.5% in the first quarter. Van Berkom & Associates Inc. now owns 911,084 shares of the industrial products company’s stock worth $34,503,000 after buying an additional 4,440 shares during the last quarter. 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 worth $29,490,000 after buying an additional 43,270 shares during the last quarter. 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 worth $27,243,000 after buying an additional 103,298 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in DXP Enterprises by 15.6% in the first quarter. JPMorgan Chase & Co. now owns 551,083 shares of the industrial products company’s stock worth $20,869,000 after buying an additional 74,262 shares during the last quarter. Hedge funds and other institutional investors own 74.23% of the company’s stock.

Shares of DXP Enterprises, Inc. (NASDAQ DXPE) traded up 0.08% on Tuesday, reaching $26.67. 33,267 shares of the company’s stock were exchanged. The company has a market capitalization of $464.08 million, a P/E ratio of 31.01 and a beta of 2.63. The firm’s 50 day moving average price is $29.93 and its 200-day moving average price is $34.12. DXP Enterprises, Inc. has a 12 month low of $19.61 and a 12 month high of $42.00.

DXP Enterprises (NASDAQ:DXPE) last released its earnings results on Tuesday, July 25th. The industrial products company reported $0.23 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.01. The firm had revenue of $250.69 million for the quarter, compared to analysts’ expectations of $246.15 million. DXP Enterprises had a return on equity of 6.15% and a net margin of 1.58%. The business’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.34 EPS. On average, equities analysts anticipate that DXP Enterprises, Inc. will post $0.78 EPS for the current year.

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DXPE has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded shares of DXP Enterprises from a “hold” rating to a “buy” rating and set a $35.00 target price for the company in a report on Thursday, July 27th. Sidoti restated a “buy” rating and issued a $49.00 target price (up from $47.00) on shares of DXP Enterprises in a report on Wednesday, May 17th. BidaskClub downgraded shares of DXP Enterprises from a “hold” rating to a “sell” rating in a report on Monday, July 24th. Finally, KeyCorp restated a “sector weight” rating on shares of DXP Enterprises in a report on Friday, May 26th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $37.67.

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.

Institutional Ownership by Quarter for DXP Enterprises (NASDAQ:DXPE)

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