DXP Enterprises, Inc. (DXPE) Shares Bought by Oppenheimer Asset Management Inc.
Oppenheimer Asset Management Inc. grew its position in DXP Enterprises, Inc. (NASDAQ:DXPE) by 8.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,915 shares of the industrial products company’s stock after acquiring an additional 219 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in DXP Enterprises were worth $101,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of the company. State of Alaska Department of Revenue raised its stake in shares of DXP Enterprises by 78.9% during the second quarter. State of Alaska Department of Revenue now owns 3,059 shares of the industrial products company’s stock worth $105,000 after purchasing an additional 1,349 shares during the last quarter. Municipal Employees Retirement System of Michigan raised its stake in shares of DXP Enterprises by 3.1% during the second quarter. Municipal Employees Retirement System of Michigan now owns 3,640 shares of the industrial products company’s stock worth $126,000 after purchasing an additional 110 shares during the last quarter. Mason Street Advisors LLC raised its stake in shares of DXP Enterprises by 7.0% during the first quarter. Mason Street Advisors LLC now owns 3,608 shares of the industrial products company’s stock worth $137,000 after purchasing an additional 236 shares during the last quarter. BNP Paribas Arbitrage SA raised its stake in shares of DXP Enterprises by 63.1% during the second quarter. BNP Paribas Arbitrage SA now owns 5,688 shares of the industrial products company’s stock worth $196,000 after purchasing an additional 2,201 shares during the last quarter. Finally, Highbridge Capital Management LLC purchased a new stake in shares of DXP Enterprises during the first quarter worth approximately $201,000. 74.18% of the stock is owned by institutional investors and hedge funds.
DXP Enterprises, Inc. (NASDAQ DXPE) opened at 29.70 on Monday. The firm has a 50-day moving average price of $27.42 and a 200 day moving average price of $33.10. The stock has a market cap of $516.81 million, a PE ratio of 34.53 and a beta of 2.64. DXP Enterprises, Inc. has a 52-week low of $19.61 and a 52-week high of $42.00.
DXP Enterprises (NASDAQ:DXPE) last announced its earnings results on Tuesday, July 25th. The industrial products company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.01. The firm had revenue of $250.69 million for the quarter, compared to the consensus estimate of $246.15 million. DXP Enterprises had a return on equity of 6.15% and a net margin of 1.58%. The firm’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.34 EPS. Equities analysts anticipate that DXP Enterprises, Inc. will post $0.77 earnings per share for the current year.
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Several equities research analysts have recently commented on the company. Zacks Investment Research upgraded DXP Enterprises from a “hold” rating to a “buy” rating and set a $35.00 price target for the company in a research note on Thursday, July 27th. BidaskClub upgraded DXP Enterprises from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. One equities research 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. The stock currently has an average rating of “Hold” and an average target price of $37.67.
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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