CWA Asset Management Group LLC Buys 4,329 Shares of DXP Enterprises, Inc. (NASDAQ:DXPE)

CWA Asset Management Group LLC grew its stake in shares of DXP Enterprises, Inc. (NASDAQ:DXPE) by 20.9% in the fourth quarter, Holdings Channel reports. The fund owned 25,070 shares of the industrial products company’s stock after acquiring an additional 4,329 shares during the quarter. CWA Asset Management Group LLC’s holdings in DXP Enterprises were worth $2,071,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. FMR LLC lifted its stake in DXP Enterprises by 21.8% in the third quarter. FMR LLC now owns 776,950 shares of the industrial products company’s stock valued at $41,458,000 after purchasing an additional 139,027 shares during the last quarter. Pacer Advisors Inc. lifted its position in shares of DXP Enterprises by 4.1% during the 3rd quarter. Pacer Advisors Inc. now owns 744,587 shares of the industrial products company’s stock valued at $39,731,000 after buying an additional 29,131 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of DXP Enterprises by 125.3% during the 2nd quarter. Renaissance Technologies LLC now owns 111,300 shares of the industrial products company’s stock worth $5,102,000 after acquiring an additional 61,900 shares during the period. Acadian Asset Management LLC increased its holdings in DXP Enterprises by 5.5% in the 2nd quarter. Acadian Asset Management LLC now owns 101,058 shares of the industrial products company’s stock worth $4,630,000 after acquiring an additional 5,311 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in DXP Enterprises by 193.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 98,044 shares of the industrial products company’s stock valued at $5,232,000 after acquiring an additional 64,611 shares during the period. Hedge funds and other institutional investors own 74.82% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on DXPE shares. Stephens increased their target price on shares of DXP Enterprises from $65.00 to $75.00 and gave the stock 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 report on Friday, December 20th.

DXP Enterprises Stock Performance

Shares of DXPE opened at $82.68 on Tuesday. DXP Enterprises, Inc. has a 52-week low of $30.08 and a 52-week high of $86.64. The stock’s 50-day simple moving average is $73.10 and its 200 day simple moving average is $58.31. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.78 and a current ratio of 2.22. The stock has a market capitalization of $1.30 billion, a price-to-earnings ratio of 21.31 and a beta of 1.67.

DXP Enterprises (NASDAQ:DXPE) last announced its quarterly earnings results on Monday, November 4th. The industrial products company reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.95 by $0.48. The firm 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 period in the previous year, the company posted $0.93 earnings per share. Research analysts forecast that DXP Enterprises, Inc. will post 4.07 EPS for the current fiscal year.

Insider Activity

In other news, insider Christopher T. Gregory sold 1,000 shares of DXP Enterprises stock in a transaction dated 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 trade represents a 3.27 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 22.40% of the company’s stock.

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).