The Strs Ohio Acquires Shares of 13,100 DXP Enterprises Inc (DXPE)

The Strs Ohio Acquires Shares of 13,100 DXP Enterprises Inc (DXPE)

Several other hedge funds also recently added to or reduced their stakes in the company. New York State Teachers Retirement System raised its stake in DXP Enterprises by 11.2% in the fourth quarter. New York State Teachers Retirement System now owns 5,934 shares of the industrial products company’s stock valued at $206,000 after buying an additional 600 shares during the period. Wexford Capital LP bought a new stake in DXP Enterprises during the fourth quarter valued at about $210,000. Louisiana State Employees Retirement System raised its stake in DXP Enterprises by 1.6% in the first quarter. Louisiana State Employees Retirement System now owns 6,300 shares of the industrial products company’s stock valued at $239,000 after buying an additional 100 shares during the period. Thrivent Financial for Lutherans bought a new stake in DXP Enterprises during the fourth quarter valued at about $292,000. Finally, Public Sector Pension Investment Board raised its stake in DXP Enterprises by 27.9% in the fourth quarter. Public Sector Pension Investment Board now owns 10,997 shares of the industrial products company’s stock valued at $382,000 after buying an additional 2,400 shares during the period. 67.65% of the stock is currently owned by institutional investors.

Strs Ohio bought a new stake in DXP Enterprises Inc (NASDAQ:DXPE) during the first quarter, Holdings Channel reports. The firm bought 13,100 shares of the industrial products company’s stock, valued at approximately $496,000.

Shares of DXP Enterprises Inc (NASDAQ DXPE) opened at 36.70 on Monday. The company has a market capitalization of $639.20 million, a P/E ratio of 38.84 and a beta of 2.33. The company’s 50 day moving average price is $36.53 and its 200 day moving average price is $35.63. DXP Enterprises Inc has a 12 month low of $13.55 and a 12 month high of $42.00.

DXP Enterprises (NASDAQ:DXPE) last announced its quarterly earnings results on Monday, May 15th. The industrial products company reported $0.17 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.14. The company had revenue of $238.50 million during the quarter, compared to analysts’ expectations of $230.04 million. DXP Enterprises had a positive return on equity of 3.61% and a negative net margin of 0.26%. The firm’s quarterly revenue was down 6.0% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.35) earnings per share. Analysts expect that DXP Enterprises Inc will post $0.82 EPS for the current fiscal year.

Several research firms have recently issued reports on DXPE. Keefe, Bruyette & Woods reissued a “hold” rating on shares of DXP Enterprises in a report on Friday, March 24th. KeyCorp reissued a “sector weight” rating on shares of DXP Enterprises in a report on Friday, May 26th. Zacks Investment Research lowered DXP Enterprises from a “buy” rating to a “hold” rating in a report on Monday, February 6th. Finally, Sidoti raised DXP Enterprises from a “neutral” rating to a “buy” rating in a report on Thursday, March 23rd. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $41.50. In related news, VP David C. Vinson sold 3,000 shares of the business’s stock in a transaction dated Thursday, May 18th. The stock was sold at an average price of $39.12, for a total transaction of $117,360.00. Following the completion of the transaction, the vice president now directly owns 6,681 shares in the company, valued at $261,360.72. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Kent Nee Hung Yee sold 4,000 shares of the business’s stock in a transaction dated Monday, May 22nd. The stock was sold at an average price of $37.63, for a total value of $150,520.00. Following the transaction, the insider now owns 40,278 shares of the company’s stock, valued at $1,515,661.14. The disclosure for this sale can be found here. 11.30% of the stock is currently owned by insiders.

About DXP Enterprises DXP Enterprises, Inc (DXP) is engaged in the business of distributing maintenance, repair and operating (MRO) products, equipment and service to industrial customers. The Company operates through three segments: Service Centers, Supply Chain Services and Innovative Pumping Solutions. The Service Centers segment provides MRO products, equipment and services, including technical expertise and logistics capabilities to industrial customers.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:DXPE”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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