SG Americas Securities LLC Buys 13,115 Shares of DXP Enterprises, Inc. $DXPE

SG Americas Securities LLC grew its stake in DXP Enterprises, Inc. (NASDAQ:DXPE) by 646.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,143 shares of the industrial products company’s stock after acquiring an additional 13,115 shares during the quarter. SG Americas Securities LLC owned about 0.10% of DXP Enterprises worth $1,663,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in DXPE. Nordea Investment Management AB purchased a new position in DXP Enterprises in the fourth quarter valued at about $1,597,000. Oliver Luxxe Assets LLC purchased a new stake in shares of DXP Enterprises during the fourth quarter valued at about $2,955,000. Intrua Financial LLC purchased a new stake in shares of DXP Enterprises during the third quarter valued at about $1,848,000. Nomura Holdings Inc. boosted its holdings in shares of DXP Enterprises by 22.1% in the 2nd quarter. Nomura Holdings Inc. now owns 86,578 shares of the industrial products company’s stock valued at $7,589,000 after buying an additional 15,691 shares in the last quarter. Finally, Algert Global LLC grew its position in shares of DXP Enterprises by 64.5% in the 3rd quarter. Algert Global LLC now owns 68,178 shares of the industrial products company’s stock worth $8,118,000 after buying an additional 26,727 shares during the last quarter. 74.82% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on DXPE shares. Wall Street Zen raised shares of DXP Enterprises from a “hold” rating to a “buy” rating in a research report on Saturday, March 28th. Zacks Research upgraded shares of DXP Enterprises from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 12th. Loop Capital set a $154.00 target price on shares of DXP Enterprises in a research note on Monday, March 2nd. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of DXP Enterprises in a report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $154.00.

DXP Enterprises Price Performance

Shares of DXPE stock opened at $142.75 on Tuesday. DXP Enterprises, Inc. has a fifty-two week low of $67.68 and a fifty-two week high of $171.70. The firm has a market capitalization of $2.22 billion, a price-to-earnings ratio of 26.53 and a beta of 0.96. The company has a debt-to-equity ratio of 1.64, a quick ratio of 2.94 and a current ratio of 3.34. The stock’s 50-day simple moving average is $140.41 and its 200-day simple moving average is $121.58.

DXP Enterprises (NASDAQ:DXPE) last issued its quarterly earnings results on Wednesday, February 25th. The industrial products company reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.48. DXP Enterprises had a return on equity of 18.83% and a net margin of 4.40%.The business had revenue of $527.39 million for the quarter, compared to analyst estimates of $499.00 million. As a group, equities analysts forecast that DXP Enterprises, Inc. will post 4.07 earnings per share for the current fiscal year.

Insider Buying and Selling at DXP Enterprises

In other news, Director Joseph R. Mannes sold 1,500 shares of the business’s stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $137.95, for a total transaction of $206,925.00. Following the sale, the director owned 13,964 shares in the company, valued at approximately $1,926,333.80. The trade was a 9.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 22.70% of the company’s stock.

DXP Enterprises Profile

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.