State of Alaska Department of Revenue Purchases 521 Shares of DXP Enterprises, Inc. $DXPE

State of Alaska Department of Revenue lifted its position in shares of DXP Enterprises, Inc. (NASDAQ:DXPE) by 7.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,566 shares of the industrial products company’s stock after purchasing an additional 521 shares during the period. State of Alaska Department of Revenue’s holdings in DXP Enterprises were worth $663,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in DXPE. GAMMA Investing LLC raised its position in DXP Enterprises by 24.3% in the second quarter. GAMMA Investing LLC now owns 634 shares of the industrial products company’s stock worth $56,000 after acquiring an additional 124 shares during the period. CWM LLC raised its position in DXP Enterprises by 32.2% in the first quarter. CWM LLC now owns 1,487 shares of the industrial products company’s stock worth $122,000 after acquiring an additional 362 shares during the period. Janney Montgomery Scott LLC bought a new stake in DXP Enterprises in the first quarter worth about $210,000. Harbor Capital Advisors Inc. raised its position in DXP Enterprises by 3,657.9% in the first quarter. Harbor Capital Advisors Inc. now owns 2,856 shares of the industrial products company’s stock worth $235,000 after acquiring an additional 2,780 shares during the period. Finally, Virtu Financial LLC bought a new stake in DXP Enterprises in the first quarter worth about $286,000. Institutional investors own 74.82% of the company’s stock.

Insiders Place Their Bets

In other DXP Enterprises news, CMO Paz Maestas sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $120.11, for a total value of $600,550.00. Following the completion of the transaction, the chief marketing officer owned 600,737 shares of the company’s stock, valued at $72,154,521.07. The trade was a 0.83% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Nicholas Little sold 20,440 shares of the business’s stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $118.53, for a total transaction of $2,422,753.20. Following the completion of the transaction, the chief operating officer directly owned 791,888 shares of the company’s stock, valued at approximately $93,862,484.64. This represents a 2.52% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 41,316 shares of company stock worth $4,960,704. 22.40% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Singular Research raised shares of DXP Enterprises to a “moderate buy” rating in a research report on Tuesday, September 9th. Wall Street Zen lowered shares of DXP Enterprises from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 13th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of DXP Enterprises in a research report on Saturday, September 27th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $95.00.

DXP Enterprises Price Performance

Shares of NASDAQ:DXPE opened at $119.00 on Wednesday. The company has a 50 day moving average of $118.97 and a 200 day moving average of $97.69. The stock has a market cap of $1.87 billion, a P/E ratio of 22.71 and a beta of 1.16. DXP Enterprises, Inc. has a 12 month low of $48.45 and a 12 month high of $130.97. The company has a current ratio of 2.79, a quick ratio of 2.33 and a debt-to-equity ratio of 1.33.

DXP Enterprises (NASDAQ:DXPE) last released its quarterly earnings results on Wednesday, August 6th. The industrial products company reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.39 by $0.04. DXP Enterprises had a net margin of 4.52% and a return on equity of 20.94%. The business had revenue of $498.68 million during the quarter, compared to analysts’ expectations of $499.00 million. As a group, sell-side analysts forecast that DXP Enterprises, Inc. will post 4.07 EPS 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).