Pacer Advisors Inc. Buys Shares of 715,456 DXP Enterprises, Inc. (NASDAQ:DXPE)

Pacer Advisors Inc. purchased a new position in shares of DXP Enterprises, Inc. (NASDAQ:DXPE) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 715,456 shares of the industrial products company’s stock, valued at approximately $32,797,000. Pacer Advisors Inc. owned approximately 4.49% of DXP Enterprises as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently modified their holdings of the company. Innealta Capital LLC acquired a new position in DXP Enterprises in the 2nd quarter worth about $29,000. Quest Partners LLC bought a new stake in shares of DXP Enterprises during the fourth quarter worth about $80,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of DXP Enterprises by 39.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,113 shares of the industrial products company’s stock valued at $189,000 after buying an additional 1,174 shares during the period. Privium Fund Management UK Ltd bought a new position in DXP Enterprises in the 2nd quarter valued at approximately $209,000. Finally, Maryland State Retirement & Pension System acquired a new stake in DXP Enterprises during the 1st quarter worth approximately $244,000. 74.82% of the stock is currently owned by institutional investors.

DXP Enterprises Trading Down 2.1 %

Shares of NASDAQ DXPE opened at $52.75 on Friday. The firm has a 50 day moving average price of $51.02 and a two-hundred day moving average price of $50.04. The stock has a market cap of $840.20 million, a P/E ratio of 14.65 and a beta of 1.59. DXP Enterprises, Inc. has a 52-week low of $28.82 and a 52-week high of $57.38. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.92 and a current ratio of 2.39.

DXP Enterprises (NASDAQ:DXPE) last issued its quarterly earnings data on Thursday, August 8th. The industrial products company reported $1.02 earnings per share for the quarter. The company had revenue of $445.56 million for the quarter. DXP Enterprises had a net margin of 3.57% and a return on equity of 17.22%. As a group, equities analysts forecast that DXP Enterprises, Inc. will post 3.56 EPS for the current year.

Insider Activity

In related news, CMO Paz Maestas sold 2,000 shares of DXP Enterprises stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $53.21, for a total value of $106,420.00. Following the transaction, the chief marketing officer now directly owns 617,367 shares of the company’s stock, valued at $32,850,098.07. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 22.10% of the company’s stock.

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).