WINTON GROUP Ltd Sells 4,770 Shares of DXP Enterprises, Inc. $DXPE

WINTON GROUP Ltd reduced its stake in DXP Enterprises, Inc. (NASDAQ:DXPE) by 42.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,566 shares of the industrial products company’s stock after selling 4,770 shares during the period. WINTON GROUP Ltd’s holdings in DXP Enterprises were worth $721,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in DXPE. EverSource Wealth Advisors LLC boosted its position in shares of DXP Enterprises by 3,507.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 469 shares of the industrial products company’s stock worth $41,000 after purchasing an additional 456 shares during the last quarter. Clearstead Advisors LLC lifted its holdings in DXP Enterprises by 164.5% during the fourth quarter. Clearstead Advisors LLC now owns 492 shares of the industrial products company’s stock worth $54,000 after acquiring an additional 306 shares in the last quarter. GAMMA Investing LLC lifted its holdings in DXP Enterprises by 35.4% during the fourth quarter. GAMMA Investing LLC now owns 860 shares of the industrial products company’s stock worth $94,000 after acquiring an additional 225 shares in the last quarter. State of Wyoming bought a new position in DXP Enterprises during the fourth quarter worth about $152,000. Finally, Laurel Wealth Advisors LLC bought a new position in DXP Enterprises during the fourth quarter worth about $154,000. 74.82% of the stock is currently owned by institutional investors.

DXP Enterprises Price Performance

Shares of NASDAQ DXPE opened at $160.40 on Thursday. The business’s 50 day moving average price is $153.88 and its two-hundred day moving average price is $134.73. The company has a market cap of $2.49 billion, a PE ratio of 29.98 and a beta of 0.99. The company has a quick ratio of 2.56, a current ratio of 2.98 and a debt-to-equity ratio of 1.60. DXP Enterprises, Inc. has a twelve month low of $75.58 and a twelve month high of $183.91.

DXP Enterprises (NASDAQ:DXPE) last posted its earnings results on Thursday, May 7th. The industrial products company reported $1.26 EPS for the quarter, missing the consensus estimate of $1.38 by ($0.12). The firm had revenue of $521.66 million during the quarter, compared to analyst estimates of $531.00 million. DXP Enterprises had a net margin of 4.27% and a return on equity of 18.16%. On average, analysts predict that DXP Enterprises, Inc. will post 6.2 EPS for the current year.

Insider Activity

In other DXP Enterprises news, Director Timothy P. Halter sold 6,842 shares of the company’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $141.59, for a total transaction of $968,758.78. Following the completion of the sale, the director directly owned 30,000 shares in the company, valued at $4,247,700. This represents a 18.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 22.70% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on DXPE shares. Zacks Research downgraded DXP Enterprises from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 11th. Wall Street Zen downgraded DXP Enterprises from a “buy” rating to a “hold” rating in a research note on Saturday, June 6th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of DXP Enterprises in a research report on Friday, May 22nd. Loop Capital set a $154.00 target price on DXP Enterprises in a research report on Monday, March 2nd. Finally, Freedom Capital downgraded DXP Enterprises from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 11th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $154.00.

DXP Enterprises Profile

DXP Enterprises, Inc is a Houston, Texas–based industrial products and services distributor serving customers across North America. The company provides a broad portfolio of maintenance, repair and operations (MRO) supplies, including fluid power components, safety products, mechanical power transmission parts, and instrumentation. DXP’s product offering spans well-recognized private brands as well as equipment and parts from leading global manufacturers, enabling clients in energy, heavy industrial and manufacturing sectors to source critical components from a single supplier.

Through its network of service centers and specialized repair facilities, DXP delivers inventory management programs, turnkey fluid power rebuilds and custom assembly solutions.