15,146 Shares in DXP Enterprises, Inc. (NASDAQ:DXPE) Acquired by Balyasny Asset Management L.P.

Balyasny Asset Management L.P. bought a new position in DXP Enterprises, Inc. (NASDAQ:DXPE) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 15,146 shares of the industrial products company’s stock, valued at approximately $1,251,000. Balyasny Asset Management L.P. owned approximately 0.10% of DXP Enterprises at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in DXPE. Barclays PLC raised its holdings in shares of DXP Enterprises by 355.4% in the 3rd quarter. Barclays PLC now owns 23,723 shares of the industrial products company’s stock worth $1,267,000 after purchasing an additional 18,514 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of DXP Enterprises by 193.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 98,044 shares of the industrial products company’s stock worth $5,232,000 after purchasing an additional 64,611 shares in the last quarter. Longboard Asset Management LP acquired a new stake in shares of DXP Enterprises during the fourth quarter valued at approximately $216,000. Savant Capital LLC acquired a new stake in shares of DXP Enterprises during the fourth quarter valued at approximately $230,000. Finally, Avidian Wealth Enterprises LLC acquired a new stake in shares of DXP Enterprises during the fourth quarter valued at approximately $371,000. 74.82% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Stephens boosted their price target on shares of DXP Enterprises from $75.00 to $95.00 and gave the company an “overweight” rating in a report on Monday, March 10th. StockNews.com upgraded shares of DXP Enterprises from a “hold” rating to a “buy” rating in a report on Thursday, May 8th.

DXP Enterprises Stock Up 3.1%

DXPE stock opened at $89.88 on Wednesday. DXP Enterprises, Inc. has a 52-week low of $43.25 and a 52-week high of $107.06. The company’s 50 day simple moving average is $83.03 and its 200-day simple moving average is $83.34. The company has a debt-to-equity ratio of 1.29, a current ratio of 2.22 and a quick ratio of 1.78. The firm has a market capitalization of $1.41 billion, a P/E ratio of 23.16 and a beta of 1.26.

DXP Enterprises (NASDAQ:DXPE) last released its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $1.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.06. The business had revenue of $476.57 million for the quarter, compared to analyst estimates of $477.00 million. DXP Enterprises had a net margin of 3.75% and a return on equity of 18.74%. As a group, equities research analysts anticipate that DXP Enterprises, Inc. will post 4.07 EPS for the current year.

Insider Buying and Selling at DXP Enterprises

In related news, CEO David R. Little acquired 5,999 shares of the company’s stock in a transaction on Wednesday, March 26th. The shares were purchased at an average price of $82.70 per share, for a total transaction of $496,117.30. Following the purchase, the chief executive officer now owns 1,257,593 shares in the company, valued at $104,002,941.10. This represents a 0.48% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Timothy P. Halter sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $89.75, for a total transaction of $448,750.00. Following the completion of the transaction, the director now owns 45,925 shares in the company, valued at approximately $4,121,768.75. This represents a 9.82% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 12,785 shares of company stock worth $1,139,818. 22.70% of the stock is currently owned by company insiders.

About DXP Enterprises

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).