DXP Enterprises, Inc. $DXPE Shares Sold by Fisher Asset Management LLC

Fisher Asset Management LLC trimmed its stake in DXP Enterprises, Inc. (NASDAQ:DXPE) by 29.9% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 17,347 shares of the industrial products company’s stock after selling 7,412 shares during the quarter. Fisher Asset Management LLC owned approximately 0.11% of DXP Enterprises worth $2,066,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of DXPE. Fox Run Management L.L.C. acquired a new stake in shares of DXP Enterprises in the 3rd quarter worth about $628,000. Thoroughbred Financial Services LLC lifted its position in DXP Enterprises by 17.5% in the 3rd quarter. Thoroughbred Financial Services LLC now owns 7,127 shares of the industrial products company’s stock valued at $848,000 after purchasing an additional 1,064 shares during the last quarter. Cookson Peirce & Co. Inc. boosted its stake in DXP Enterprises by 2.3% during the 3rd quarter. Cookson Peirce & Co. Inc. now owns 10,357 shares of the industrial products company’s stock valued at $1,233,000 after purchasing an additional 235 shares during the period. Metis Global Partners LLC acquired a new position in DXP Enterprises during the 3rd quarter valued at about $268,000. Finally, Public Sector Pension Investment Board grew its position in DXP Enterprises by 14.4% in the 3rd quarter. Public Sector Pension Investment Board now owns 49,590 shares of the industrial products company’s stock worth $5,905,000 after purchasing an additional 6,247 shares during the last quarter. Institutional investors and hedge funds own 74.82% of the company’s stock.

Analysts Set New Price Targets

DXPE has been the topic of several analyst reports. Loop Capital set a $154.00 price target on shares of DXP Enterprises in a research note on Monday. Wall Street Zen downgraded DXP Enterprises from a “buy” rating to a “hold” rating in a research report on Saturday, November 15th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of DXP Enterprises in a report on Monday, December 29th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $124.50.

DXP Enterprises Trading Down 3.2%

Shares of NASDAQ DXPE opened at $135.34 on Friday. The company has a quick ratio of 2.94, a current ratio of 3.34 and a debt-to-equity ratio of 1.64. DXP Enterprises, Inc. has a 12 month low of $67.68 and a 12 month high of $171.70. The company has a market cap of $2.10 billion, a price-to-earnings ratio of 25.16 and a beta of 0.96. The business has a fifty day simple moving average of $132.04 and a 200-day simple moving average of $119.21.

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. The firm had revenue of $527.39 million for the quarter, compared to analysts’ expectations of $499.00 million. DXP Enterprises had a return on equity of 18.83% and a net margin of 4.40%. Sell-side analysts predict that DXP Enterprises, Inc. will post 4.07 EPS for the current year.

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.