Keeley Teton Advisors LLC Sells 400 Shares of DXP Enterprises, Inc. $DXPE

Keeley Teton Advisors LLC lessened its position in DXP Enterprises, Inc. (NASDAQ:DXPE) by 10.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,400 shares of the industrial products company’s stock after selling 400 shares during the quarter. Keeley Teton Advisors LLC’s holdings in DXP Enterprises were worth $280,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. SummerHaven Investment Management LLC grew its stake in shares of DXP Enterprises by 0.8% during the 1st quarter. SummerHaven Investment Management LLC now owns 17,413 shares of the industrial products company’s stock worth $1,432,000 after acquiring an additional 142 shares in the last quarter. Algert Global LLC lifted its position in shares of DXP Enterprises by 2.6% in the first quarter. Algert Global LLC now owns 11,255 shares of the industrial products company’s stock worth $926,000 after purchasing an additional 280 shares in the last quarter. CastleKnight Management LP boosted its holdings in DXP Enterprises by 0.3% during the fourth quarter. CastleKnight Management LP now owns 117,300 shares of the industrial products company’s stock worth $9,691,000 after purchasing an additional 300 shares during the last quarter. CWM LLC grew its position in DXP Enterprises by 32.2% in the first quarter. CWM LLC now owns 1,487 shares of the industrial products company’s stock valued at $122,000 after purchasing an additional 362 shares in the last quarter. Finally, Illinois Municipal Retirement Fund grew its position in DXP Enterprises by 8.1% in the first quarter. Illinois Municipal Retirement Fund now owns 6,777 shares of the industrial products company’s stock valued at $557,000 after purchasing an additional 508 shares in the last quarter. Institutional investors own 74.82% of the company’s stock.

DXP Enterprises Price Performance

Shares of DXPE opened at $124.18 on Thursday. The company has a market cap of $1.95 billion, a price-to-earnings ratio of 23.70 and a beta of 1.25. DXP Enterprises, Inc. has a 1-year low of $45.81 and a 1-year high of $126.60. The company’s fifty day simple moving average is $103.41 and its 200 day simple moving average is $91.49. The company has a current ratio of 2.79, a quick ratio of 2.33 and a debt-to-equity ratio of 1.33.

DXP Enterprises (NASDAQ:DXPE) last announced its quarterly earnings results on Wednesday, August 6th. The industrial products company reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.39 by $0.04. DXP Enterprises had a net margin of 4.52% and a return on equity of 20.94%. The firm had revenue of $498.68 million during the quarter, compared to analysts’ expectations of $499.00 million. On average, research analysts forecast that DXP Enterprises, Inc. will post 4.07 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut shares of DXP Enterprises from a “buy” rating to a “hold” rating in a research report on Friday, May 16th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $95.00.

Insiders Place Their Bets

In related news, COO Nicholas Little sold 45,938 shares of the firm’s stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $87.73, for a total value of $4,030,140.74. Following the completion of the sale, the chief operating officer directly owned 812,328 shares in the company, valued at approximately $71,265,535.44. This trade represents a 5.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Karen Hoffman sold 2,399 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $125.00, for a total value of $299,875.00. Following the transaction, the director directly owned 4,787 shares in the company, valued at approximately $598,375. This trade represents a 33.38% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 67,337 shares of company stock worth $6,431,516 in the last three months. Insiders own 22.70% of the company’s stock.

DXP Enterprises 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).