State Street Corp Has $27.78 Million Position in DXP Enterprises, Inc. (NASDAQ:DXPE)

State Street Corp trimmed its position in DXP Enterprises, Inc. (NASDAQ:DXPE) by 0.4% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 520,680 shares of the industrial products company’s stock after selling 2,094 shares during the period. State Street Corp’s holdings in DXP Enterprises were worth $27,783,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in DXPE. Quest Partners LLC grew its stake in shares of DXP Enterprises by 24.8% in the second quarter. Quest Partners LLC now owns 2,109 shares of the industrial products company’s stock valued at $97,000 after acquiring an additional 419 shares in the last quarter. Innealta Capital LLC acquired a new stake in DXP Enterprises in the 2nd quarter worth about $29,000. Quantbot Technologies LP bought a new stake in DXP Enterprises in the 3rd quarter valued at about $41,000. Federated Hermes Inc. grew its position in shares of DXP Enterprises by 8.8% during the 2nd quarter. Federated Hermes Inc. now owns 10,962 shares of the industrial products company’s stock worth $502,000 after purchasing an additional 888 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of DXP Enterprises by 39.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,113 shares of the industrial products company’s stock worth $189,000 after purchasing an additional 1,174 shares during the period. Institutional investors own 74.82% of the company’s stock.

Insider Buying and Selling at DXP Enterprises

In other news, insider Christopher T. Gregory sold 1,000 shares of the business’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $73.10, for a total transaction of $73,100.00. Following the completion of the transaction, the insider now owns 29,606 shares of the company’s stock, valued at approximately $2,164,198.60. The trade was a 3.27 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 22.40% of the company’s stock.

DXP Enterprises Stock Performance

Shares of DXP Enterprises stock opened at $78.88 on Monday. The company has a quick ratio of 1.78, a current ratio of 2.22 and a debt-to-equity ratio of 1.29. DXP Enterprises, Inc. has a 12-month low of $30.08 and a 12-month high of $82.33. The company has a market capitalization of $1.24 billion, a price-to-earnings ratio of 20.33 and a beta of 1.70. The firm’s 50-day moving average price is $66.14 and its two-hundred day moving average price is $55.58.

DXP Enterprises (NASDAQ:DXPE) last posted its quarterly earnings results on Monday, November 4th. The industrial products company reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.48. The business had revenue of $472.94 million for the quarter. DXP Enterprises had a net margin of 3.75% and a return on equity of 18.74%. During the same quarter in the prior year, the business posted $0.93 EPS. On average, analysts forecast that DXP Enterprises, Inc. will post 4.07 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently issued reports on DXPE. StockNews.com cut DXP Enterprises from a “buy” rating to a “hold” rating in a research note on Friday. Stephens upped their target price on DXP Enterprises from $65.00 to $75.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th.

DXP Enterprises Profile

DXP Enterprises, Inc, together with its subsidiaries, engages in distributing maintenance, repair, and operating (MRO) products, equipment, and services in the United States and Canada. It operates through three segments: Service Centers (SC), Supply Chain Services (SCS), and Innovative Pumping Solutions (IPS).