Counterpoint Mutual Funds LLC Buys New Position in DXP Enterprises, Inc. (NASDAQ:DXPE)

Counterpoint Mutual Funds LLC purchased a new stake in DXP Enterprises, Inc. (NASDAQ:DXPE) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 6,187 shares of the industrial products company’s stock, valued at approximately $511,000.

A number of other hedge funds and other institutional investors have also modified their holdings of DXPE. FMR LLC boosted its position in shares of DXP Enterprises by 21.8% in the 3rd 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 period. JPMorgan Chase & Co. boosted its position in shares of 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 purchasing an additional 64,611 shares during the period. Hotchkis & Wiley Capital Management LLC acquired a new stake in DXP Enterprises during the 3rd quarter worth about $3,355,000. Pacer Advisors Inc. boosted its position in DXP Enterprises by 4.1% during the 3rd quarter. Pacer Advisors Inc. now owns 744,587 shares of the industrial products company’s stock worth $39,731,000 after acquiring an additional 29,131 shares during the period. Finally, 272 Capital LP purchased a new position in DXP Enterprises during the 3rd quarter valued at about $1,380,000. Institutional investors and hedge funds own 74.82% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on DXPE. StockNews.com raised DXP Enterprises from a “hold” rating to a “buy” rating in a research note on Tuesday, March 11th. Stephens lifted their target price on DXP Enterprises from $75.00 to $95.00 and gave the company an “overweight” rating in a research note on Monday, March 10th.

DXP Enterprises Trading Down 1.6 %

NASDAQ:DXPE opened at $84.16 on Tuesday. The company has a debt-to-equity ratio of 1.29, a current ratio of 2.22 and a quick ratio of 1.78. DXP Enterprises, Inc. has a fifty-two week low of $43.25 and a fifty-two week high of $107.06. The stock’s 50-day moving average is $94.26 and its two-hundred day moving average is $74.22. The stock has a market cap of $1.32 billion, a PE ratio of 21.69 and a beta of 1.66.

DXP Enterprises (NASDAQ:DXPE) last announced its quarterly earnings results on Thursday, March 6th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.49. The business had revenue of $470.91 million during the quarter, compared to analyst estimates of $447.00 million. DXP Enterprises had a return on equity of 18.74% and a net margin of 3.75%. As a group, equities research analysts forecast that DXP Enterprises, Inc. will post 4.07 earnings per share 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).