Jane Street Group LLC Buys 517 Shares of DXP Enterprises, Inc. (NASDAQ:DXPE)

Jane Street Group LLC boosted its stake in DXP Enterprises, Inc. (NASDAQ:DXPE) by 9.6% during the third quarter, Holdings Channel.com reports. The firm owned 5,915 shares of the industrial products company’s stock after buying an additional 517 shares during the period. Jane Street Group LLC’s holdings in DXP Enterprises were worth $316,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Quest Partners LLC increased its stake in shares of DXP Enterprises by 24.8% in the second quarter. Quest Partners LLC now owns 2,109 shares of the industrial products company’s stock worth $97,000 after buying an additional 419 shares during the period. Quantbot Technologies LP bought a new stake in DXP Enterprises in the 3rd quarter worth $41,000. Federated Hermes Inc. increased its position in shares of DXP Enterprises by 8.8% in the second quarter. Federated Hermes Inc. now owns 10,962 shares of the industrial products company’s stock valued at $502,000 after acquiring an additional 888 shares during the period. Public Sector Pension Investment Board raised its stake in shares of DXP Enterprises by 4.4% during the second quarter. Public Sector Pension Investment Board now owns 28,735 shares of the industrial products company’s stock valued at $1,317,000 after acquiring an additional 1,208 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in shares of DXP Enterprises during the third quarter worth about $197,000. Institutional investors own 74.82% of the company’s stock.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at DXP Enterprises

In other DXP Enterprises news, insider Christopher T. Gregory sold 1,000 shares of the business’s 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 of the company’s stock, valued at approximately $2,164,198.60. The trade was a 3.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 22.40% of the company’s stock.

DXP Enterprises Trading Up 4.2 %

Shares of NASDAQ DXPE opened at $84.75 on Friday. DXP Enterprises, Inc. has a 52-week low of $30.08 and a 52-week high of $86.64. The firm’s 50 day moving average price is $75.15 and its 200-day moving average price is $58.91. 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 company has a market cap of $1.33 billion, a PE ratio of 21.84 and a beta of 1.67.

DXP Enterprises (NASDAQ:DXPE) last posted its earnings results on Monday, November 4th. The industrial products company reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.48. The business had revenue of $472.94 million during the quarter. DXP Enterprises had a net margin of 3.75% and a return on equity of 18.74%. During the same period last year, the firm posted $0.93 EPS. On average, equities research analysts expect that DXP Enterprises, Inc. will post 4.07 EPS for the current fiscal year.

DXP Enterprises Company Profile

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).