Virtue Capital Management LLC Trims Position in DXP Enterprises, Inc. $DXPE

Virtue Capital Management LLC decreased its position in shares of DXP Enterprises, Inc. (NASDAQ:DXPE) by 11.2% during the 2nd quarter, HoldingsChannel reports. The fund owned 9,515 shares of the industrial products company’s stock after selling 1,204 shares during the quarter. Virtue Capital Management LLC’s holdings in DXP Enterprises were worth $834,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC raised its stake in DXP Enterprises by 24.3% during the second quarter. GAMMA Investing LLC now owns 634 shares of the industrial products company’s stock worth $56,000 after purchasing an additional 124 shares during the period. DAVENPORT & Co LLC purchased a new stake in shares of DXP Enterprises during the 2nd quarter valued at approximately $235,000. Police & Firemen s Retirement System of New Jersey raised its position in shares of DXP Enterprises by 11.9% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 2,904 shares of the industrial products company’s stock valued at $255,000 after buying an additional 309 shares during the period. Virtu Financial LLC acquired a new position in DXP Enterprises in the first quarter valued at approximately $286,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in DXP Enterprises by 7.3% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 3,264 shares of the industrial products company’s stock worth $286,000 after acquiring an additional 222 shares during the period. 74.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on DXPE shares. Singular Research raised DXP Enterprises to a “moderate buy” rating in a research note on Tuesday, September 9th. Weiss Ratings reissued a “buy (b)” rating on shares of DXP Enterprises in a research report on Wednesday, October 8th. Finally, Wall Street Zen cut shares of DXP Enterprises from a “buy” rating to a “hold” rating in a research report on Saturday, November 15th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, DXP Enterprises presently has an average rating of “Buy” and an average target price of $95.00.

DXP Enterprises Trading Up 0.8%

DXPE opened at $94.17 on Friday. DXP Enterprises, Inc. has a 52 week low of $67.68 and a 52 week high of $130.97. The company has a quick ratio of 2.33, a current ratio of 2.79 and a debt-to-equity ratio of 1.33. The business has a fifty day simple moving average of $111.43 and a 200-day simple moving average of $104.18. The firm has a market cap of $1.48 billion, a P/E ratio of 17.97 and a beta of 1.15.

DXP Enterprises (NASDAQ:DXPE) last posted its quarterly earnings data on Thursday, November 6th. The industrial products company reported $1.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.45 by ($0.11). DXP Enterprises had a net margin of 4.52% and a return on equity of 20.94%. The firm had revenue of $513.72 million during the quarter, compared to analysts’ expectations of $499.00 million. On average, equities analysts expect that DXP Enterprises, Inc. will post 4.07 earnings per share for the current year.

Insider Activity

In other news, insider Christopher T. Gregory sold 4,477 shares of the stock in a transaction dated Thursday, September 25th. The shares were sold at an average price of $119.76, for a total transaction of $536,165.52. Following the sale, the insider owned 19,959 shares of the company’s stock, valued at approximately $2,390,289.84. This represents a 18.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Nicholas Little sold 20,440 shares of DXP Enterprises stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $118.53, for a total transaction of $2,422,753.20. Following the completion of the transaction, the chief operating officer owned 791,888 shares of the company’s stock, valued at $93,862,484.64. This trade represents a 2.52% decrease in their position. The disclosure for this sale is available in the SEC filing. 22.70% of the stock is currently owned by corporate insiders.

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).