Yousif Capital Management LLC Has $389,000 Position in DXP Enterprises, Inc. (NASDAQ:DXPE)

Yousif Capital Management LLC lowered its position in DXP Enterprises, Inc. (NASDAQ:DXPE) by 3.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,726 shares of the industrial products company’s stock after selling 185 shares during the period. Yousif Capital Management LLC’s holdings in DXP Enterprises were worth $389,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Global Retirement Partners LLC grew its holdings in DXP Enterprises by 2,220.0% during the fourth quarter. Global Retirement Partners LLC now owns 348 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 333 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of DXP Enterprises by 3,150.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 520 shares of the industrial products company’s stock valued at $43,000 after acquiring an additional 504 shares during the period. Lazard Asset Management LLC bought a new position in shares of DXP Enterprises during the fourth quarter valued at $159,000. Hsbc Holdings PLC bought a new position in shares of DXP Enterprises during the fourth quarter valued at $208,000. Finally, Pictet Asset Management Holding SA bought a new position in shares of DXP Enterprises during the fourth quarter valued at $218,000. Institutional investors and hedge funds own 74.82% of the company’s stock.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In other news, Director Timothy P. Halter sold 5,000 shares of the business’s stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $89.75, for a total transaction of $448,750.00. Following the completion of the transaction, the director now directly owns 45,925 shares in the company, valued at approximately $4,121,768.75. The trade was a 9.82% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CMO Paz Maestas sold 3,000 shares of the business’s stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $87.00, for a total value of $261,000.00. Following the transaction, the chief marketing officer now owns 610,737 shares of the company’s stock, valued at $53,134,119. The trade was a 0.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 14,457 shares of company stock worth $1,252,723 over the last three months. 22.70% of the stock is currently owned by company insiders.

DXP Enterprises Price Performance

Shares of DXPE stock opened at $81.90 on Friday. The stock has a 50-day moving average price of $83.74 and a 200 day moving average price of $86.48. The company has a quick ratio of 2.25, a current ratio of 2.70 and a debt-to-equity ratio of 1.40. The firm has a market cap of $1.29 billion, a price-to-earnings ratio of 17.03 and a beta of 1.17. DXP Enterprises, Inc. has a 12 month low of $43.25 and a 12 month high of $107.06.

DXP Enterprises (NASDAQ:DXPE) last announced its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $1.26 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.06. The firm had revenue of $476.57 million during the quarter, compared to analyst estimates of $477.00 million. DXP Enterprises had a return on equity of 20.41% and a net margin of 4.27%. Research analysts expect that DXP Enterprises, Inc. will post 4.07 EPS for the current year.

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).