Oliver Luxxe Assets LLC Invests $2.96 Million in DXP Enterprises, Inc. $DXPE

Oliver Luxxe Assets LLC purchased a new position in DXP Enterprises, Inc. (NASDAQ:DXPE) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 26,919 shares of the industrial products company’s stock, valued at approximately $2,955,000. Oliver Luxxe Assets LLC owned approximately 0.17% of DXP Enterprises as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. HM Payson & Co. acquired a new stake in DXP Enterprises in the 3rd quarter valued at $27,000. EverSource Wealth Advisors LLC raised its stake in DXP Enterprises by 3,507.7% during the second quarter. EverSource Wealth Advisors LLC now owns 469 shares of the industrial products company’s stock worth $41,000 after acquiring an additional 456 shares in the last quarter. TD Waterhouse Canada Inc. bought a new position in shares of DXP Enterprises during the third quarter valued at $58,000. GAMMA Investing LLC boosted its stake in shares of DXP Enterprises by 35.4% in the 4th quarter. GAMMA Investing LLC now owns 860 shares of the industrial products company’s stock valued at $94,000 after purchasing an additional 225 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its stake in shares of DXP Enterprises by 498.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,802 shares of the industrial products company’s stock valued at $158,000 after purchasing an additional 1,501 shares in the last quarter. Institutional investors own 74.82% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on DXPE. Zacks Research raised shares of DXP Enterprises from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 12th. Weiss Ratings reiterated a “buy (b-)” rating on shares of DXP Enterprises in a research note on Monday, December 29th. Finally, Loop Capital set a $154.00 target price on DXP Enterprises in a report on Monday, March 2nd. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the stock. According to MarketBeat, DXP Enterprises has a consensus rating of “Buy” and a consensus target price of $154.00.

DXP Enterprises Stock Performance

Shares of NASDAQ:DXPE opened at $128.40 on Friday. The company has a current ratio of 3.34, a quick ratio of 2.94 and a debt-to-equity ratio of 1.64. DXP Enterprises, Inc. has a 1-year low of $67.68 and a 1-year high of $171.70. The stock has a market capitalization of $1.99 billion, a P/E ratio of 23.87 and a beta of 0.96. The business has a 50-day moving average price of $136.69 and a two-hundred day moving average price of $119.98.

DXP Enterprises (NASDAQ:DXPE) last released its earnings results on Wednesday, February 25th. The industrial products company reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.48. The firm had revenue of $527.39 million during the quarter, compared to analyst estimates of $499.00 million. DXP Enterprises had a net margin of 4.40% and a return on equity of 18.83%. Equities analysts predict that DXP Enterprises, Inc. will post 4.07 earnings per share for the current year.

Insider Buying and Selling

In other DXP Enterprises news, Director Joseph R. Mannes sold 1,500 shares of the stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $137.95, for a total value of $206,925.00. Following the completion of the sale, the director directly owned 13,964 shares in the company, valued at $1,926,333.80. This represents a 9.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 22.70% of the company’s stock.

DXP Enterprises Company 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.