DXP Enterprises Inc (NASDAQ:DXPE) Shares Sold by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC reduced its holdings in DXP Enterprises Inc (NASDAQ:DXPE) by 52.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,470 shares of the industrial products company’s stock after selling 9,165 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in DXP Enterprises were worth $321,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. BlackRock Inc. increased its position in DXP Enterprises by 1.4% in the 2nd quarter. BlackRock Inc. now owns 2,500,228 shares of the industrial products company’s stock valued at $94,734,000 after acquiring an additional 34,365 shares during the period. JPMorgan Chase & Co. increased its position in DXP Enterprises by 1.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 320,583 shares of the industrial products company’s stock valued at $12,477,000 after acquiring an additional 4,274 shares during the period. Grandeur Peak Global Advisors LLC increased its position in DXP Enterprises by 0.7% in the 2nd quarter. Grandeur Peak Global Advisors LLC now owns 279,812 shares of the industrial products company’s stock valued at $10,602,000 after acquiring an additional 1,925 shares during the period. Wells Fargo & Company MN increased its position in DXP Enterprises by 55.3% in the 2nd quarter. Wells Fargo & Company MN now owns 255,979 shares of the industrial products company’s stock valued at $9,699,000 after acquiring an additional 91,152 shares during the period. Finally, Northern Trust Corp increased its position in DXP Enterprises by 2.7% in the 2nd quarter. Northern Trust Corp now owns 207,284 shares of the industrial products company’s stock valued at $7,853,000 after acquiring an additional 5,423 shares during the period. Hedge funds and other institutional investors own 78.84% of the company’s stock.

Shares of NASDAQ DXPE opened at $32.60 on Friday. The stock has a fifty day moving average price of $33.41 and a two-hundred day moving average price of $35.89. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.75 and a current ratio of 2.56. The firm has a market cap of $562.20 million, a P/E ratio of 14.58, a PEG ratio of 0.76 and a beta of 2.62. DXP Enterprises Inc has a 1 year low of $26.95 and a 1 year high of $45.66.

DXP Enterprises (NASDAQ:DXPE) last issued its quarterly earnings results on Tuesday, August 6th. The industrial products company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.08. The firm had revenue of $333.30 million during the quarter, compared to analyst estimates of $331.07 million. DXP Enterprises had a return on equity of 12.86% and a net margin of 3.19%. The firm’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period last year, the company posted $0.61 EPS. On average, research analysts predict that DXP Enterprises Inc will post 2.4 earnings per share for the current fiscal year.

A number of equities analysts have issued reports on DXPE shares. ValuEngine raised DXP Enterprises from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Sidoti lowered DXP Enterprises from a “buy” rating to a “neutral” rating in a research note on Thursday, July 11th. Zacks Investment Research lowered DXP Enterprises from a “buy” rating to a “hold” rating in a research note on Tuesday, September 17th. Finally, BidaskClub lowered DXP Enterprises from a “hold” rating to a “sell” rating in a research note on Friday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $47.00.

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

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