Cornerstone Capital Management Holdings LLC. Sells 52,700 Shares of DXP Enterprises, Inc. (DXPE)

Cornerstone Capital Management Holdings LLC. decreased its position in DXP Enterprises, Inc. (NASDAQ:DXPE) by 63.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,861 shares of the industrial products company’s stock after selling 52,700 shares during the quarter. Cornerstone Capital Management Holdings LLC. owned 0.17% of DXP Enterprises worth $882,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Municipal Employees Retirement System of Michigan increased its position in shares of DXP Enterprises by 59.9% in the third quarter. Municipal Employees Retirement System of Michigan now owns 5,820 shares of the industrial products company’s stock valued at $183,000 after acquiring an additional 2,180 shares during the last quarter. BNP Paribas Arbitrage SA increased its position in shares of DXP Enterprises by 46.7% in the third quarter. BNP Paribas Arbitrage SA now owns 8,346 shares of the industrial products company’s stock valued at $263,000 after acquiring an additional 2,658 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in shares of DXP Enterprises in the third quarter valued at about $290,000. Crossmark Global Holdings Inc. acquired a new stake in shares of DXP Enterprises in the fourth quarter valued at about $295,000. Finally, Great West Life Assurance Co. Can increased its position in shares of DXP Enterprises by 9.6% in the third quarter. Great West Life Assurance Co. Can now owns 22,960 shares of the industrial products company’s stock valued at $731,000 after acquiring an additional 2,011 shares during the last quarter. 75.80% of the stock is currently owned by hedge funds and other institutional investors.

How to Become a New Pot Stock Millionaire

DXPE has been the topic of a number of recent research reports. Stephens set a $48.00 target price on DXP Enterprises and gave the company a “buy” rating in a research report on Wednesday, March 21st. Zacks Investment Research raised DXP Enterprises from a “hold” rating to a “strong-buy” rating and set a $48.00 target price on the stock in a research report on Friday, March 23rd. Finally, BidaskClub raised DXP Enterprises from a “buy” rating to a “strong-buy” rating in a research report on Friday, January 26th. Three equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $48.33.

NASDAQ:DXPE opened at $38.95 on Monday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.79 and a current ratio of 2.51. The stock has a market capitalization of $676.09, a P/E ratio of 45.29 and a beta of 2.64. DXP Enterprises, Inc. has a 52-week low of $24.86 and a 52-week high of $43.21.

In other DXP Enterprises news, CEO David R. Little sold 49,841 shares of the business’s stock in a transaction that occurred on Wednesday, March 21st. The stock was sold at an average price of $40.33, for a total transaction of $2,010,087.53. Following the transaction, the chief executive officer now owns 1,304,873 shares of the company’s stock, valued at $52,625,528.09. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, SVP John Jay Jeffery sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, March 26th. The stock was sold at an average price of $40.00, for a total value of $120,000.00. Following the transaction, the senior vice president now directly owns 22,858 shares in the company, valued at approximately $914,320. The disclosure for this sale can be found here. 11.30% of the stock is currently owned by insiders.

ILLEGAL ACTIVITY NOTICE: “Cornerstone Capital Management Holdings LLC. Sells 52,700 Shares of DXP Enterprises, Inc. (DXPE)” was reported by WKRB News and is the property of of WKRB News. If you are accessing this piece of content on another publication, it was copied illegally and republished in violation of US & international copyright legislation. The legal version of this piece of content can be accessed at https://www.wkrb13.com/2018/04/02/cornerstone-capital-management-holdings-llc-sells-52700-shares-of-dxp-enterprises-inc-dxpe.html.

About DXP Enterprises

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 through 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.

Want to see what other hedge funds are holding DXPE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for DXP Enterprises, Inc. (NASDAQ:DXPE).

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

Receive News & Ratings for DXP Enterprises Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DXP Enterprises and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply