American International Group Inc. lessened its holdings in DXP Enterprises, Inc. (NASDAQ:DXPE – Free Report) by 7.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,754 shares of the industrial products company’s stock after selling 594 shares during the period. American International Group Inc.’s holdings in DXP Enterprises were worth $282,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Tower Research Capital LLC TRC raised its holdings in shares of DXP Enterprises by 216.7% in the 1st quarter. Tower Research Capital LLC TRC now owns 1,197 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 819 shares during the last quarter. Public Employees Retirement System of Ohio boosted its holdings in DXP Enterprises by 51.0% during the third quarter. Public Employees Retirement System of Ohio now owns 1,616 shares of the industrial products company’s stock worth $38,000 after purchasing an additional 546 shares during the last quarter. Captrust Financial Advisors boosted its holdings in DXP Enterprises by 67.8% during the first quarter. Captrust Financial Advisors now owns 1,606 shares of the industrial products company’s stock worth $44,000 after purchasing an additional 649 shares during the last quarter. Counterpoint Mutual Funds LLC bought a new stake in DXP Enterprises in the 2nd quarter worth about $85,000. Finally, Lazard Asset Management LLC bought a new position in shares of DXP Enterprises during the 4th quarter worth approximately $92,000. Institutional investors and hedge funds own 69.09% of the company’s stock.
Analysts Set New Price Targets
Several research firms have weighed in on DXPE. StockNews.com started coverage on DXP Enterprises in a research report on Thursday, October 5th. They issued a “strong-buy” rating on the stock. Stephens increased their price target on shares of DXP Enterprises from $40.00 to $55.00 and gave the company an “overweight” rating in a research report on Thursday, August 10th.
DXP Enterprises Price Performance
DXPE opened at $30.99 on Monday. The firm has a market cap of $501.42 million, a P/E ratio of 9.36 and a beta of 1.84. The firm has a 50-day moving average of $33.80 and a 200 day moving average of $34.30. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.86 and a current ratio of 2.33. DXP Enterprises, Inc. has a fifty-two week low of $22.06 and a fifty-two week high of $39.89.
DXP Enterprises 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).
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