DXP Enterprises, Inc. (NASDAQ:DXPE) Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System decreased its position in shares of DXP Enterprises, Inc. (NASDAQ:DXPE) by 1.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,483 shares of the industrial products company’s stock after selling 240 shares during the quarter. California State Teachers Retirement System owned 0.08% of DXP Enterprises worth $1,031,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Prudential Financial Inc. grew its stake in shares of DXP Enterprises by 96.2% during the 4th quarter. Prudential Financial Inc. now owns 26,105 shares of the industrial products company’s stock worth $2,157,000 after purchasing an additional 12,800 shares during the period. Raymond James Financial Inc. acquired a new stake in DXP Enterprises in the 4th quarter valued at $1,037,000. Intech Investment Management LLC acquired a new stake in DXP Enterprises in the 4th quarter valued at $447,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in DXP Enterprises by 14.9% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 33,293 shares of the industrial products company’s stock valued at $2,751,000 after acquiring an additional 4,321 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its stake in DXP Enterprises by 2,589.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 149,349 shares of the industrial products company’s stock valued at $12,339,000 after acquiring an additional 143,795 shares during the period. Institutional investors and hedge funds own 74.82% of the company’s stock.

Insider Buying and Selling at DXP Enterprises

In other news, CEO David R. Little acquired 5,999 shares of the firm’s stock in a transaction on Wednesday, March 26th. The shares were bought at an average price of $82.70 per share, for a total transaction of $496,117.30. Following the acquisition, the chief executive officer now owns 1,257,593 shares of the company’s stock, valued at approximately $104,002,941.10. This trade represents a 0.48% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Timothy P. Halter sold 5,000 shares of the firm’s stock in a transaction on Monday, March 24th. The shares were sold at an average price of $89.75, for a total value of $448,750.00. Following the completion of the transaction, the director now owns 45,925 shares in the company, valued at $4,121,768.75. The trade was a 9.82% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 15,785 shares of company stock worth $1,400,818. Corporate insiders own 22.40% of the company’s stock.

DXP Enterprises Price Performance

DXP Enterprises stock opened at $80.50 on Wednesday. The company’s fifty day moving average price is $83.37 and its 200 day moving average price is $86.31. DXP Enterprises, Inc. has a 1 year low of $43.25 and a 1 year high of $107.06. The stock has a market capitalization of $1.26 billion, a P/E ratio of 20.75 and a beta of 1.17. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.78 and a current ratio of 2.22.

DXP Enterprises (NASDAQ:DXPE) last announced its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $1.26 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.06. The company had revenue of $476.57 million for the quarter, compared to analyst estimates of $477.00 million. DXP Enterprises had a return on equity of 18.74% and a net margin of 3.75%. As a group, equities research analysts anticipate that DXP Enterprises, Inc. will post 4.07 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Stephens lifted their price target on shares of DXP Enterprises from $75.00 to $95.00 and gave the company an “overweight” rating in a research note on Monday, March 10th. Wall Street Zen cut shares of DXP Enterprises from a “buy” rating to a “hold” rating in a research note on Friday, May 16th.

About DXP Enterprises

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).