DXP Enterprises, Inc. $DXPE Shares Bought by Public Sector Pension Investment Board

Public Sector Pension Investment Board grew its holdings in DXP Enterprises, Inc. (NASDAQ:DXPE) by 14.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 49,590 shares of the industrial products company’s stock after acquiring an additional 6,247 shares during the period. Public Sector Pension Investment Board owned about 0.32% of DXP Enterprises worth $5,905,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of DXPE. Royal Bank of Canada grew its stake in DXP Enterprises by 29.4% during the 1st quarter. Royal Bank of Canada now owns 5,071 shares of the industrial products company’s stock worth $417,000 after purchasing an additional 1,153 shares in the last quarter. Millennium Management LLC boosted its stake in shares of DXP Enterprises by 661.5% in the 1st quarter. Millennium Management LLC now owns 128,956 shares of the industrial products company’s stock valued at $10,608,000 after buying an additional 112,021 shares during the period. Jane Street Group LLC grew its position in shares of DXP Enterprises by 433.8% during the first quarter. Jane Street Group LLC now owns 58,954 shares of the industrial products company’s stock worth $4,850,000 after buying an additional 47,909 shares in the last quarter. Stratos Wealth Partners LTD. purchased a new stake in shares of DXP Enterprises during the second quarter worth approximately $395,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in DXP Enterprises in the second quarter valued at approximately $377,000. Hedge funds and other institutional investors own 74.82% of the company’s stock.

Analyst Upgrades and Downgrades

DXPE has been the subject of several analyst reports. Wall Street Zen cut shares of DXP Enterprises from a “buy” rating to a “hold” rating in a report on Saturday, November 15th. Weiss Ratings reiterated a “buy (b-)” rating on shares of DXP Enterprises in a research note on Monday, December 29th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $95.00.

DXP Enterprises Trading Down 1.0%

Shares of DXP Enterprises stock opened at $147.44 on Thursday. 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 company has a fifty day simple moving average of $123.89 and a 200-day simple moving average of $116.68. The stock has a market cap of $2.31 billion, a price-to-earnings ratio of 27.92 and a beta of 1.00. DXP Enterprises, Inc. has a 12-month low of $67.68 and a 12-month high of $154.19.

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.