Louisiana State Employees Retirement System Lowers Stake in DXP Enterprises, Inc. (NASDAQ:DXPE)

Louisiana State Employees Retirement System reduced its stake in shares of DXP Enterprises, Inc. (NASDAQ:DXPE) by 6.1% in the third quarter, HoldingsChannel.com reports. The fund owned 6,200 shares of the industrial products company’s stock after selling 400 shares during the quarter. Louisiana State Employees Retirement System’s holdings in DXP Enterprises were worth $331,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Quest Partners LLC lifted its stake in DXP Enterprises by 24.8% during the second quarter. Quest Partners LLC now owns 2,109 shares of the industrial products company’s stock worth $97,000 after purchasing an additional 419 shares during the last quarter. Innealta Capital LLC bought a new stake in DXP Enterprises in the 2nd quarter worth approximately $29,000. Federated Hermes Inc. lifted its position in DXP Enterprises by 8.8% in the 2nd quarter. Federated Hermes Inc. now owns 10,962 shares of the industrial products company’s stock worth $502,000 after buying an additional 888 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in 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 worth $189,000 after buying an additional 1,174 shares in the last quarter. Finally, Public Sector Pension Investment Board grew its position in DXP Enterprises by 4.4% during the second quarter. Public Sector Pension Investment Board now owns 28,735 shares of the industrial products company’s stock valued at $1,317,000 after acquiring an additional 1,208 shares during the last quarter. 74.82% of the stock is currently owned by hedge funds and other institutional investors.

DXP Enterprises Trading Up 6.8 %

Shares of DXPE opened at $65.79 on Thursday. DXP Enterprises, Inc. has a fifty-two week low of $28.82 and a fifty-two week high of $66.25. The firm has a market cap of $1.04 billion, a price-to-earnings ratio of 18.58 and a beta of 1.60. The firm has a 50 day moving average price of $52.07 and a 200-day moving average price of $50.34. 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 earnings results 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. DXP Enterprises had a net margin of 3.57% and a return on equity of 17.22%. The company had revenue of $472.94 million for the quarter. During the same quarter in the previous year, the business earned $0.93 EPS. As a group, equities research analysts forecast that DXP Enterprises, Inc. will post 3.56 earnings per share for the current year.

Insider Activity

In related news, CMO Paz Maestas sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $53.21, for a total transaction of $106,420.00. Following the transaction, the chief marketing officer now directly owns 617,367 shares in the company, valued at $32,850,098.07. This trade represents a 0.00 % decrease in their position. 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 currently owned by corporate 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).