Boston Partners Has $5.86 Million Stock Holdings in DXP Enterprises, Inc. (NASDAQ:DXPE)

Boston Partners decreased its stake in DXP Enterprises, Inc. (NASDAQ:DXPE) by 1.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 70,923 shares of the industrial products company’s stock after selling 933 shares during the quarter. Boston Partners owned 0.45% of DXP Enterprises worth $5,860,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Global Retirement Partners LLC boosted its holdings in shares of DXP Enterprises by 2,220.0% in the fourth quarter. Global Retirement Partners LLC now owns 348 shares of the industrial products company’s stock worth $29,000 after buying an additional 333 shares during the period. Quantbot Technologies LP acquired a new position in DXP Enterprises in the 3rd quarter worth approximately $41,000. Smartleaf Asset Management LLC grew its position in DXP Enterprises by 3,150.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 520 shares of the industrial products company’s stock worth $43,000 after purchasing an additional 504 shares in the last quarter. Longboard Asset Management LP acquired a new stake in DXP Enterprises during the 4th quarter valued at $216,000. Finally, Savant Capital LLC purchased a new stake in shares of DXP Enterprises in the fourth quarter valued at $230,000. Institutional investors and hedge funds own 74.82% of the company’s stock.

Analyst Ratings Changes

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

DXP Enterprises Stock Down 0.8 %

DXPE stock opened at $87.00 on Friday. The company has a 50 day moving average of $94.40 and a two-hundred day moving average of $74.85. The company has a market cap of $1.37 billion, a price-to-earnings ratio of 22.42 and a beta of 1.66. DXP Enterprises, Inc. has a 12-month low of $43.25 and a 12-month high of $107.06. The company has a quick ratio of 1.78, a current ratio of 2.22 and a debt-to-equity ratio of 1.29.

DXP Enterprises (NASDAQ:DXPE) last released its quarterly earnings data on Thursday, March 6th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.49. DXP Enterprises had a return on equity of 18.74% and a net margin of 3.75%. The firm had revenue of $470.91 million during the quarter, compared to analysts’ expectations of $447.00 million. On average, equities analysts anticipate that DXP Enterprises, Inc. will post 4.07 earnings per share for the current fiscal year.

Insider Activity

In other DXP Enterprises news, CMO Paz Maestas sold 4,328 shares of DXP Enterprises stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $89.04, for a total value of $385,365.12. Following the completion of the sale, the chief marketing officer now directly owns 613,039 shares in the company, valued at $54,584,992.56. The trade was a 0.70 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 22.40% of the stock is owned by corporate insiders.

DXP Enterprises 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).