Geode Capital Management LLC Trims Stock Position in DXP Enterprises, Inc. (NASDAQ:DXPE)

Geode Capital Management LLC lessened its stake in shares of DXP Enterprises, Inc. (NASDAQ:DXPE) by 0.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 301,814 shares of the industrial products company’s stock after selling 1,328 shares during the period. Geode Capital Management LLC’s holdings in DXP Enterprises were worth $16,108,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of DXPE. Barclays PLC increased its holdings in DXP Enterprises by 355.4% during the 3rd quarter. Barclays PLC now owns 23,723 shares of the industrial products company’s stock worth $1,267,000 after purchasing an additional 18,514 shares during the period. Jane Street Group LLC grew its position in shares of DXP Enterprises by 9.6% during the 3rd quarter. Jane Street Group LLC now owns 5,915 shares of the industrial products company’s stock worth $316,000 after buying an additional 517 shares in the last quarter. Hotchkis & Wiley Capital Management LLC purchased a new position in shares of DXP Enterprises during the third quarter valued at $3,355,000. 272 Capital LP bought a new stake in shares of DXP Enterprises in the third quarter valued at about $1,380,000. Finally, De Lisle Partners LLP lifted its stake in DXP Enterprises by 96.7% in the third quarter. De Lisle Partners LLP now owns 21,654 shares of the industrial products company’s stock worth $1,157,000 after acquiring an additional 10,645 shares during the period. Hedge funds and other institutional investors own 74.82% of the company’s stock.

Insider Activity

In other news, insider Christopher T. Gregory sold 1,000 shares of the 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 sale, the insider now owns 29,606 shares in the company, valued at approximately $2,164,198.60. This represents a 3.27 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 22.40% of the company’s stock.

DXP Enterprises Trading Down 1.2 %

Shares of NASDAQ:DXPE opened at $82.30 on Monday. The company has a market capitalization of $1.29 billion, a PE ratio of 21.21 and a beta of 1.70. The company has a current ratio of 2.22, a quick ratio of 1.78 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 $83.50. The business’s fifty day simple moving average is $69.01 and its 200-day simple moving average is $56.78.

DXP Enterprises (NASDAQ:DXPE) last posted its earnings results on Monday, November 4th. The industrial products company reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.48. The company had revenue of $472.94 million for the quarter. DXP Enterprises had a return on equity of 18.74% and a net margin of 3.75%. During the same quarter last year, the firm earned $0.93 EPS. As a group, equities research analysts predict that DXP Enterprises, Inc. will post 4.07 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Stephens raised their target price on shares of DXP Enterprises from $65.00 to $75.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. StockNews.com downgraded shares of DXP Enterprises from a “buy” rating to a “hold” rating in a research note on Friday, December 20th.

About DXP Enterprises

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).