Northern Trust Corp trimmed its position in shares of DXP Enterprises Inc (NASDAQ:DXPE) by 1.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 204,159 shares of the industrial products company’s stock after selling 2,350 shares during the quarter. Northern Trust Corp owned 1.16% of DXP Enterprises worth $5,684,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in DXPE. KBC Group NV raised its position in shares of DXP Enterprises by 3.8% during the 4th quarter. KBC Group NV now owns 10,730 shares of the industrial products company’s stock worth $299,000 after acquiring an additional 395 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. raised its position in shares of DXP Enterprises by 100.0% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,000 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 500 shares in the last quarter. Texas Permanent School Fund raised its position in shares of DXP Enterprises by 5.1% during the 4th quarter. Texas Permanent School Fund now owns 10,463 shares of the industrial products company’s stock worth $291,000 after acquiring an additional 508 shares in the last quarter. Advisor Group Inc. raised its position in shares of DXP Enterprises by 62.2% during the 4th quarter. Advisor Group Inc. now owns 1,552 shares of the industrial products company’s stock worth $43,000 after acquiring an additional 595 shares in the last quarter. Finally, Laurel Wealth Advisors LLC acquired a new stake in shares of DXP Enterprises during the 4th quarter worth about $28,000. Institutional investors own 79.96% of the company’s stock.
Several research firms have commented on DXPE. Zacks Investment Research lowered DXP Enterprises from a “buy” rating to a “hold” rating in a research report on Thursday, February 21st. Stephens set a $47.00 target price on DXP Enterprises and gave the company a “buy” rating in a report on Wednesday. BidaskClub upgraded DXP Enterprises from a “sell” rating to a “hold” rating in a research note on Friday, March 1st. ValuEngine downgraded DXP Enterprises from a “buy” rating to a “hold” rating in a research note on Tuesday, January 29th. Finally, TheStreet upgraded DXP Enterprises from a “c+” rating to a “b” rating in a research note on Friday, March 8th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $48.00.
DXPE traded up $0.17 during trading on Friday, reaching $37.07. 74,297 shares of the stock were exchanged, compared to its average volume of 68,648. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.89 and a current ratio of 2.48. The company has a market cap of $649.26 million, a price-to-earnings ratio of 19.11, a PEG ratio of 0.89 and a beta of 2.49. DXP Enterprises Inc has a 1 year low of $26.95 and a 1 year high of $49.50.
DXP Enterprises (NASDAQ:DXPE) last posted its earnings results on Tuesday, May 7th. The industrial products company reported $0.40 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.40. DXP Enterprises had a return on equity of 12.59% and a net margin of 3.09%. The company had revenue of $311.20 million for the quarter, compared to the consensus estimate of $310.87 million. During the same period in the previous year, the business earned $0.24 earnings per share. DXP Enterprises’s quarterly revenue was up 8.8% compared to the same quarter last year. On average, analysts predict that DXP Enterprises Inc will post 2.36 EPS for the current fiscal year.
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DXP Enterprises Company Profile
DXP Enterprises, Inc engages in distributing maintenance, repair, and operating (MRO) products, equipment, and services to energy and industrial customers in the United States. It operates in three segments: Service Centers, Supply Chain Services, and Innovative Pumping Solutions. The Service Centers segment offers MRO products, equipment, and integrated services, including technical expertise and logistics services.
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