De Lisle Partners LLP Boosts Position in DXP Enterprises, Inc. $DXPE

De Lisle Partners LLP lifted its position in DXP Enterprises, Inc. (NASDAQ:DXPE) by 10.6% during the second quarter, HoldingsChannel reports. The institutional investor owned 26,154 shares of the industrial products company’s stock after purchasing an additional 2,500 shares during the period. De Lisle Partners LLP’s holdings in DXP Enterprises were worth $2,290,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of DXPE. GAMMA Investing LLC increased its holdings in DXP Enterprises by 24.3% during the 2nd quarter. GAMMA Investing LLC now owns 634 shares of the industrial products company’s stock worth $56,000 after acquiring an additional 124 shares during the period. DAVENPORT & Co LLC purchased a new position in shares of DXP Enterprises during the 2nd quarter valued at $235,000. Police & Firemen s Retirement System of New Jersey increased its holdings in shares of DXP Enterprises by 11.9% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 2,904 shares of the industrial products company’s stock worth $255,000 after purchasing an additional 309 shares during the period. Virtu Financial LLC purchased a new stake in shares of DXP Enterprises in the first quarter worth $286,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in DXP Enterprises by 7.3% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 3,264 shares of the industrial products company’s stock valued at $286,000 after buying an additional 222 shares during the period. 74.82% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on DXPE shares. Wall Street Zen lowered DXP Enterprises from a “buy” rating to a “hold” rating in a research note on Saturday, November 15th. Singular Research raised DXP Enterprises to a “moderate buy” rating in a report on Tuesday, September 9th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of DXP Enterprises in a research report on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $95.00.

DXP Enterprises Price Performance

DXPE opened at $93.96 on Friday. The company has a current ratio of 2.79, a quick ratio of 2.33 and a debt-to-equity ratio of 1.33. The stock has a market capitalization of $1.47 billion, a P/E ratio of 17.93 and a beta of 1.15. The stock has a 50-day moving average price of $110.99 and a 200-day moving average price of $104.33. DXP Enterprises, Inc. has a 12-month low of $67.68 and a 12-month high of $130.97.

DXP Enterprises (NASDAQ:DXPE) last released its earnings results on Thursday, November 6th. The industrial products company reported $1.34 earnings per share for the quarter, missing analysts’ consensus estimates of $1.45 by ($0.11). The firm had revenue of $513.72 million during the quarter, compared to the consensus estimate of $499.00 million. DXP Enterprises had a return on equity of 20.94% and a net margin of 4.52%. Equities analysts predict that DXP Enterprises, Inc. will post 4.07 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, COO Nicholas Little sold 20,440 shares of the business’s stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $118.53, for a total value of $2,422,753.20. Following the completion of the sale, the chief operating officer directly owned 791,888 shares in the company, valued at approximately $93,862,484.64. The trade was a 2.52% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Christopher T. Gregory sold 4,477 shares of the company’s stock in a transaction on Thursday, September 25th. The shares were sold at an average price of $119.76, for a total transaction of $536,165.52. Following the completion of the sale, the insider directly owned 19,959 shares of the company’s stock, valued at $2,390,289.84. This trade represents a 18.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 22.70% 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).