DXP Enterprises, Inc. (NASDAQ:DXPE) Shares Bought by Barclays PLC

Barclays PLC lifted its position in shares of DXP Enterprises, Inc. (NASDAQ:DXPE) by 355.4% during the third quarter, Holdings Channel reports. The firm owned 23,723 shares of the industrial products company’s stock after acquiring an additional 18,514 shares during the quarter. Barclays PLC’s holdings in DXP Enterprises were worth $1,267,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Renaissance Technologies LLC increased its stake in DXP Enterprises by 125.3% in the second quarter. Renaissance Technologies LLC now owns 111,300 shares of the industrial products company’s stock valued at $5,102,000 after purchasing an additional 61,900 shares during the period. Pacer Advisors Inc. increased its position in DXP Enterprises by 4.1% in the 3rd quarter. Pacer Advisors Inc. now owns 744,587 shares of the industrial products company’s stock valued at $39,731,000 after acquiring an additional 29,131 shares during the period. Assenagon Asset Management S.A. raised its stake in DXP Enterprises by 39.2% during the 3rd quarter. Assenagon Asset Management S.A. now owns 52,858 shares of the industrial products company’s stock valued at $2,821,000 after acquiring an additional 14,886 shares during the last quarter. CWA Asset Management Group LLC acquired a new stake in DXP Enterprises during the 3rd quarter worth approximately $1,107,000. Finally, FMR LLC grew its stake 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 last quarter. Institutional investors and hedge funds own 74.82% of the company’s stock.

Insider Buying and Selling

In other news, insider Christopher T. Gregory sold 1,000 shares of the business’s stock in a transaction on Tuesday, December 3rd. The shares were 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 directly owns 29,606 shares of the company’s stock, valued at $2,164,198.60. The trade was a 3.27 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 22.40% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have recently commented on DXPE. Stephens increased their price target on DXP Enterprises from $65.00 to $75.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. StockNews.com downgraded shares of DXP Enterprises from a “buy” rating to a “hold” rating in a research report on Friday, December 20th.

DXP Enterprises Price Performance

Shares of NASDAQ:DXPE opened at $82.30 on Monday. The company has a quick ratio of 1.78, a current ratio of 2.22 and a debt-to-equity ratio of 1.29. The company has a 50-day moving average price of $69.01 and a 200 day moving average price of $56.78. DXP Enterprises, Inc. has a 52 week low of $30.08 and a 52 week high of $83.50. The company has a market cap of $1.29 billion, a P/E ratio of 21.21 and a beta of 1.70.

DXP Enterprises (NASDAQ:DXPE) last posted its quarterly earnings results on Monday, November 4th. The industrial products company reported $1.43 EPS for the quarter, beating the consensus estimate of $0.95 by $0.48. The business had revenue of $472.94 million during the quarter. DXP Enterprises had a return on equity of 18.74% and a net margin of 3.75%. During the same period in the prior year, the business earned $0.93 earnings per share. Research analysts predict that DXP Enterprises, Inc. will post 4.07 earnings per share for the current year.

About DXP Enterprises

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).