State of Tennessee Treasury Department Raises Stock Position in DXP Enterprises, Inc. (NASDAQ:DXPE)

State of Tennessee Treasury Department increased its holdings in shares of DXP Enterprises, Inc. (NASDAQ:DXPEGet Rating) by 17.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,214 shares of the industrial products company’s stock after purchasing an additional 942 shares during the period. State of Tennessee Treasury Department’s holdings in DXP Enterprises were worth $168,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. PDT Partners LLC acquired a new stake in DXP Enterprises during the fourth quarter valued at $379,000. BNP Paribas Arbitrage SA grew its position in DXP Enterprises by 19.4% during the fourth quarter. BNP Paribas Arbitrage SA now owns 22,734 shares of the industrial products company’s stock valued at $584,000 after buying an additional 3,698 shares during the period. Swiss National Bank grew its position in DXP Enterprises by 3.5% during the first quarter. Swiss National Bank now owns 41,700 shares of the industrial products company’s stock valued at $1,130,000 after buying an additional 1,400 shares during the period. Victory Capital Management Inc. grew its position in DXP Enterprises by 1.8% during the fourth quarter. Victory Capital Management Inc. now owns 69,248 shares of the industrial products company’s stock valued at $1,778,000 after buying an additional 1,248 shares during the period. Finally, Invesco Ltd. grew its position in DXP Enterprises by 26.0% during the fourth quarter. Invesco Ltd. now owns 501,131 shares of the industrial products company’s stock valued at $12,864,000 after buying an additional 103,519 shares during the period. Hedge funds and other institutional investors own 71.91% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of DXP Enterprises from a “buy” rating to a “strong-buy” rating in a research report on Monday.

DXP Enterprises Stock Up 0.4 %

Shares of NASDAQ DXPE opened at $26.70 on Tuesday. The company’s 50-day simple moving average is $30.17 and its 200-day simple moving average is $28.77. DXP Enterprises, Inc. has a 52-week low of $22.09 and a 52-week high of $36.26. The firm has a market cap of $503.21 million, a price-to-earnings ratio of 14.83 and a beta of 2.04. The company has a quick ratio of 1.40, a current ratio of 1.91 and a debt-to-equity ratio of 0.84.

DXP Enterprises Company Profile

(Get Rating)

DXP Enterprises, Inc, together with its subsidiaries, engages in distributing maintenance, repair, and operating (MRO) products, equipment, and services to the energy and industrial customers primarily in the United States and Canada. It operates through three segments: Service Centers (SC), Supply Chain Services (SCS), and Innovative Pumping Solutions (IPS).

Further Reading

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Institutional Ownership by Quarter for DXP Enterprises (NASDAQ:DXPE)

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