DXP Enterprises, Inc. (NASDAQ:DXPE) Stock Position Decreased by Stephens Inc. AR

Stephens Inc. AR lessened its holdings in shares of DXP Enterprises, Inc. (NASDAQ:DXPE) by 4.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 16,509 shares of the industrial products company’s stock after selling 843 shares during the quarter. Stephens Inc. AR’s holdings in DXP Enterprises were worth $1,364,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Quantbot Technologies LP acquired a new position in DXP Enterprises in the 3rd quarter valued at $41,000. Longboard Asset Management LP bought a new stake in shares of DXP Enterprises in the fourth quarter valued at about $216,000. SG Americas Securities LLC acquired a new stake in DXP Enterprises during the third quarter worth about $197,000. Jane Street Group LLC grew its holdings in shares of DXP Enterprises by 9.6% during the 3rd quarter. Jane Street Group LLC now owns 5,915 shares of the industrial products company’s stock worth $316,000 after purchasing an additional 517 shares in the last quarter. Finally, CWA Asset Management Group LLC bought a new position in DXP Enterprises in the third quarter worth $1,107,000. 74.82% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have issued reports on DXPE. Stephens boosted their price target on shares of DXP Enterprises from $65.00 to $75.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. StockNews.com cut shares of DXP Enterprises from a “buy” rating to a “hold” rating in a research note on Friday, December 20th.

Insider Transactions at DXP Enterprises

In related news, insider Christopher T. Gregory sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $73.10, for a total value of $73,100.00. Following the completion of the transaction, the insider now owns 29,606 shares in the company, valued at $2,164,198.60. The trade was a 3.27 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 22.40% of the stock is owned by company insiders.

DXP Enterprises Stock Performance

DXP Enterprises stock opened at $101.90 on Thursday. The stock has a 50-day simple moving average of $89.91 and a 200 day simple moving average of $67.66. The stock has a market capitalization of $1.60 billion, a price-to-earnings ratio of 26.26 and a beta of 1.67. 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, Inc. has a 12-month low of $32.57 and a 12-month high of $107.06.

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).