Hillsdale Investment Management Inc. Acquires 4,800 Shares of DXP Enterprises, Inc. (NASDAQ:DXPE)

Hillsdale Investment Management Inc. boosted its holdings in shares of DXP Enterprises, Inc. (NASDAQ:DXPE) by 8.5% during the 1st quarter, Holdings Channel reports. The firm owned 61,189 shares of the industrial products company’s stock after buying an additional 4,800 shares during the period. Hillsdale Investment Management Inc.’s holdings in DXP Enterprises were worth $3,288,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP grew its holdings in DXP Enterprises by 1.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,122,651 shares of the industrial products company’s stock valued at $37,834,000 after buying an additional 14,328 shares in the last quarter. Principal Financial Group Inc. grew its holdings in DXP Enterprises by 5.1% during the 1st quarter. Principal Financial Group Inc. now owns 72,716 shares of the industrial products company’s stock valued at $3,907,000 after buying an additional 3,540 shares in the last quarter. LSV Asset Management grew its stake in DXP Enterprises by 59.4% during the 1st quarter. LSV Asset Management now owns 55,484 shares of the industrial products company’s stock worth $2,981,000 after buying an additional 20,684 shares during the last quarter. Fisher Asset Management LLC grew its stake in DXP Enterprises by 10.5% during the 4th quarter. Fisher Asset Management LLC now owns 40,659 shares of the industrial products company’s stock worth $1,370,000 after buying an additional 3,860 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its stake in DXP Enterprises by 4.6% during the 1st quarter. BNP Paribas Financial Markets now owns 35,445 shares of the industrial products company’s stock worth $1,904,000 after buying an additional 1,553 shares during the last quarter. Institutional investors own 74.82% of the company’s stock.

Insider Buying and Selling at DXP Enterprises

In other DXP Enterprises news, CMO Paz Maestas sold 4,000 shares of the business’s stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $48.14, for a total transaction of $192,560.00. Following the sale, the chief marketing officer now owns 621,867 shares in the company, valued at approximately $29,936,677.38. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 22.10% of the company’s stock.

DXP Enterprises Stock Performance

DXP Enterprises stock traded up $1.27 during trading hours on Monday, hitting $52.05. 83,020 shares of the stock traded hands, compared to its average volume of 106,814. The company has a debt-to-equity ratio of 1.39, a current ratio of 2.69 and a quick ratio of 2.22. The firm’s 50 day moving average price is $48.05 and its 200-day moving average price is $44.68. The stock has a market capitalization of $829.16 million, a price-to-earnings ratio of 14.46 and a beta of 1.60. DXP Enterprises, Inc. has a 1 year low of $28.70 and a 1 year high of $57.38.

DXP Enterprises (NASDAQ:DXPE) last posted its quarterly earnings results on Wednesday, May 8th. The industrial products company reported $0.74 earnings per share for the quarter. The business had revenue of $412.64 million for the quarter. DXP Enterprises had a return on equity of 17.93% and a net margin of 3.75%. As a group, equities analysts expect that DXP Enterprises, Inc. will post 3.16 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, StockNews.com downgraded DXP Enterprises from a “strong-buy” rating to a “buy” rating in a research note on Friday, May 10th.

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).