De Lisle Partners LLP Has $1.16 Million Stake in DXP Enterprises, Inc. (NASDAQ:DXPE)

De Lisle Partners LLP lifted its position in DXP Enterprises, Inc. (NASDAQ:DXPE) by 96.7% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 21,654 shares of the industrial products company’s stock after acquiring an additional 10,645 shares during the quarter. De Lisle Partners LLP’s holdings in DXP Enterprises were worth $1,157,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in DXPE. Assenagon Asset Management S.A. purchased a new stake in DXP Enterprises in the second quarter worth $1,741,000. Allspring Global Investments Holdings LLC increased its stake in DXP Enterprises by 781.0% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 7,242 shares of the industrial products company’s stock worth $332,000 after acquiring an additional 6,420 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in DXP Enterprises by 39.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,113 shares of the industrial products company’s stock valued at $189,000 after purchasing an additional 1,174 shares during the last quarter. Innealta Capital LLC bought a new stake in shares of DXP Enterprises during the 2nd quarter worth $29,000. Finally, Privium Fund Management UK Ltd purchased a new position in shares of DXP Enterprises in the 2nd quarter worth about $209,000. 74.82% of the stock is owned by institutional investors.

DXP Enterprises Trading Down 0.1 %

Shares of DXPE opened at $72.93 on Thursday. The firm has a fifty day simple moving average of $57.79 and a two-hundred day simple moving average of $52.31. DXP Enterprises, Inc. has a twelve month low of $28.82 and a twelve month high of $74.30. The stock has a market capitalization of $1.14 billion, a P/E ratio of 18.80 and a beta of 1.60. The company has a quick ratio of 1.78, a current ratio of 2.22 and a debt-to-equity ratio of 1.29.

DXP Enterprises (NASDAQ:DXPE) last announced its quarterly earnings results on Monday, November 4th. The industrial products company reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.48. DXP Enterprises had a return on equity of 18.74% and a net margin of 3.75%. The company had revenue of $472.94 million during the quarter. During the same period in the previous year, the business earned $0.93 EPS. On average, research analysts anticipate that DXP Enterprises, Inc. will post 3.56 EPS for the current year.

Insider Activity

In other news, CMO Paz Maestas sold 2,000 shares of DXP Enterprises stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $53.21, for a total transaction of $106,420.00. Following the completion of the transaction, the chief marketing officer now directly owns 617,367 shares in the company, valued at approximately $32,850,098.07. This trade represents a 0.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 22.40% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Separately, Stephens upped their price objective on shares of DXP Enterprises from $65.00 to $75.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th.

DXP Enterprises Company 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).