15,519 Shares in DXP Enterprises, Inc. $DXPE Bought by Intrua Financial LLC

Intrua Financial LLC acquired a new position in DXP Enterprises, Inc. (NASDAQ:DXPE) during the third quarter, according to the company in its most recent filing with the SEC. The fund acquired 15,519 shares of the industrial products company’s stock, valued at approximately $1,848,000. Intrua Financial LLC owned approximately 0.10% of DXP Enterprises at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the business. Geode Capital Management LLC increased its stake in shares of DXP Enterprises by 2.9% in the second quarter. Geode Capital Management LLC now owns 329,543 shares of the industrial products company’s stock worth $28,888,000 after buying an additional 9,216 shares during the last quarter. State of Alaska Department of Revenue grew its holdings in DXP Enterprises by 7.4% during the 2nd quarter. State of Alaska Department of Revenue now owns 7,566 shares of the industrial products company’s stock worth $663,000 after acquiring an additional 521 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in DXP Enterprises by 23.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 21,345 shares of the industrial products company’s stock worth $1,871,000 after acquiring an additional 4,087 shares in the last quarter. Voya Investment Management LLC increased its position in shares of DXP Enterprises by 15.0% in the 1st quarter. Voya Investment Management LLC now owns 19,636 shares of the industrial products company’s stock worth $1,615,000 after purchasing an additional 2,568 shares during the last quarter. Finally, DAVENPORT & Co LLC acquired a new stake in shares of DXP Enterprises in the 2nd quarter valued at about $235,000. 74.82% of the stock is currently owned by institutional investors and hedge funds.

DXP Enterprises Stock Up 2.7%

Shares of DXP Enterprises stock opened at $123.94 on Monday. The stock has a market capitalization of $1.94 billion, a price-to-earnings ratio of 23.47 and a beta of 0.99. DXP Enterprises, Inc. has a twelve month low of $67.68 and a twelve month high of $130.97. The company has a current ratio of 2.77, a quick ratio of 2.36 and a debt-to-equity ratio of 1.27. The business’s 50 day simple moving average is $103.79 and its 200-day simple moving average is $110.71.

DXP Enterprises (NASDAQ:DXPE) last issued its quarterly earnings data on Thursday, November 6th. The industrial products company reported $1.34 EPS for the quarter, missing analysts’ consensus estimates of $1.45 by ($0.11). DXP Enterprises had a return on equity of 19.62% and a net margin of 4.45%.The company had revenue of $513.72 million for the quarter, compared to the consensus estimate of $499.00 million. Equities research analysts forecast that DXP Enterprises, Inc. will post 4.07 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Weiss Ratings reiterated a “buy (b-)” rating on shares of DXP Enterprises in a research note on Monday, December 29th. Wall Street Zen downgraded DXP Enterprises from a “buy” rating to a “hold” rating in a report on Saturday, November 15th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, DXP Enterprises has a consensus rating of “Buy” and a consensus price target of $95.00.

About DXP Enterprises

DXP Enterprises, Inc is a Houston, Texas–based industrial products and services distributor serving customers across North America. The company provides a broad portfolio of maintenance, repair and operations (MRO) supplies, including fluid power components, safety products, mechanical power transmission parts, and instrumentation. DXP’s product offering spans well-recognized private brands as well as equipment and parts from leading global manufacturers, enabling clients in energy, heavy industrial and manufacturing sectors to source critical components from a single supplier.

Through its network of service centers and specialized repair facilities, DXP delivers inventory management programs, turnkey fluid power rebuilds and custom assembly solutions.