Amalgamated Bank Trims Holdings in DXP Enterprises, Inc. (NASDAQ:DXPE)

Amalgamated Bank decreased its holdings in DXP Enterprises, Inc. (NASDAQ:DXPE) by 6.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,775 shares of the industrial products company’s stock after selling 278 shares during the period. Amalgamated Bank’s holdings in DXP Enterprises were worth $201,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Renaissance Technologies LLC increased its stake in DXP Enterprises by 125.3% in the second quarter. Renaissance Technologies LLC now owns 111,300 shares of the industrial products company’s stock worth $5,102,000 after purchasing an additional 61,900 shares during the period. Assenagon Asset Management S.A. purchased a new position in shares of DXP Enterprises during the second quarter valued at $1,741,000. Innealta Capital LLC purchased a new position in shares of DXP Enterprises during the second quarter valued at $29,000. BOKF NA purchased a new position in shares of DXP Enterprises during the first quarter valued at $269,000. Finally, LSV Asset Management increased its stake in shares of DXP Enterprises by 63.1% during the second quarter. LSV Asset Management now owns 90,495 shares of the industrial products company’s stock valued at $4,148,000 after buying an additional 35,011 shares during the period. Hedge funds and other institutional investors own 74.82% of the company’s stock.

Insider Activity at DXP Enterprises

In related news, CMO Paz Maestas sold 2,000 shares of the firm’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $53.21, for a total transaction of $106,420.00. Following the sale, the chief marketing officer now owns 617,367 shares of the company’s stock, valued at $32,850,098.07. This trade represents a 0.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 22.40% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, Stephens raised their price target on DXP Enterprises from $65.00 to $75.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th.

DXP Enterprises Stock Performance

Shares of DXP Enterprises stock opened at $68.99 on Monday. The firm has a market cap of $1.08 billion, a P/E ratio of 17.78 and a beta of 1.60. The company has a current ratio of 2.22, a quick ratio of 1.78 and a debt-to-equity ratio of 1.29. DXP Enterprises, Inc. has a 12 month low of $28.82 and a 12 month high of $73.75. The stock’s fifty day moving average price is $54.46 and its 200-day moving average price is $51.30.

DXP Enterprises (NASDAQ:DXPE) last issued its quarterly earnings data on Monday, November 4th. The industrial products company reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.48. DXP Enterprises had a return on equity of 18.74% and a net margin of 3.75%. The company had revenue of $472.94 million for the quarter. During the same period in the previous year, the business earned $0.93 EPS. On average, equities research analysts expect that DXP Enterprises, Inc. will post 3.56 earnings per share for the current fiscal year.

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).