Barclays PLC Purchases 18,514 Shares of DXP Enterprises, Inc. (NASDAQ:DXPE)

Barclays PLC boosted its position in shares of DXP Enterprises, Inc. (NASDAQ:DXPE) by 355.4% in the third quarter, HoldingsChannel reports. The institutional investor 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 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Quest Partners LLC increased its position in DXP Enterprises by 24.8% during the 2nd quarter. Quest Partners LLC now owns 2,109 shares of the industrial products company’s stock valued at $97,000 after purchasing an additional 419 shares during the period. Jane Street Group LLC increased its position in shares of DXP Enterprises by 9.6% during the third quarter. Jane Street Group LLC now owns 5,915 shares of the industrial products company’s stock valued at $316,000 after buying an additional 517 shares during the period. Quantbot Technologies LP purchased a new stake in DXP Enterprises in the third quarter worth about $41,000. Federated Hermes Inc. boosted its position in DXP Enterprises by 8.8% during the 2nd 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 in the last quarter. Finally, Public Sector Pension Investment Board grew its holdings in shares of DXP Enterprises by 4.4% during the 2nd quarter. Public Sector Pension Investment Board now owns 28,735 shares of the industrial products company’s stock worth $1,317,000 after acquiring an additional 1,208 shares during the period. Hedge funds and other institutional investors own 74.82% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Stephens lifted their price objective on DXP Enterprises from $65.00 to $75.00 and gave the company an “overweight” rating in a research note 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 Stock Up 0.4 %

NASDAQ DXPE opened at $91.38 on Tuesday. The stock has a 50 day moving average price of $76.77 and a 200-day moving average price of $59.73. DXP Enterprises, Inc. has a one year low of $30.08 and a one year high of $93.73. The company has a market capitalization of $1.43 billion, a P/E ratio of 23.55 and a beta of 1.67. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.78 and a current ratio of 2.22.

DXP Enterprises (NASDAQ:DXPE) last issued its quarterly earnings data 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 in the previous year, the business earned $0.93 earnings per share. As a group, equities analysts predict that DXP Enterprises, Inc. will post 4.07 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Christopher T. Gregory sold 1,000 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $73.10, for a total value of $73,100.00. Following the completion of the sale, the insider now directly owns 29,606 shares in the company, valued at $2,164,198.60. This trade represents a 3.27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 22.40% of the stock is currently owned by company insiders.

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).