GSA Capital Partners LLP Acquires Shares of 14,754 DXP Enterprises, Inc. (DXPE)

GSA Capital Partners LLP acquired a new position in shares of DXP Enterprises, Inc. (NASDAQ:DXPE) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 14,754 shares of the industrial products company’s stock, valued at approximately $509,000. GSA Capital Partners LLP owned 0.08% of DXP Enterprises as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. Prudential Financial Inc. increased its holdings in shares of DXP Enterprises by 1.3% during the 1st quarter. Prudential Financial Inc. now owns 26,698 shares of the industrial products company’s stock worth $1,011,000 after purchasing an additional 340 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of DXP Enterprises by 15.6% during the 1st quarter. JPMorgan Chase & Co. now owns 551,083 shares of the industrial products company’s stock worth $20,869,000 after purchasing an additional 74,262 shares during the period. Russell Investments Group Ltd. increased its holdings in shares of DXP Enterprises by 55.7% during the 2nd quarter. Russell Investments Group Ltd. now owns 107,083 shares of the industrial products company’s stock worth $3,694,000 after purchasing an additional 38,289 shares during the period. Federated Investors Inc. PA increased its holdings in shares of DXP Enterprises by 71.4% during the 2nd quarter. Federated Investors Inc. PA now owns 54,308 shares of the industrial products company’s stock worth $1,874,000 after purchasing an additional 22,622 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in shares of DXP Enterprises by 4.8% during the 1st quarter. Bank of New York Mellon Corp now owns 174,941 shares of the industrial products company’s stock worth $6,625,000 after purchasing an additional 7,941 shares during the period. Institutional investors own 74.18% of the company’s stock.

Several research firms have recently issued reports on DXPE. Zacks Investment Research downgraded shares of DXP Enterprises from a “buy” rating to a “hold” rating in a report on Tuesday, September 26th. BidaskClub upgraded shares of DXP Enterprises from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. DXP Enterprises currently has a consensus rating of “Hold” and an average target price of $37.67.

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Shares of DXP Enterprises, Inc. (NASDAQ:DXPE) opened at 32.14 on Wednesday. The stock’s 50 day moving average is $29.30 and its 200 day moving average is $33.02. The firm has a market capitalization of $559.27 million, a price-to-earnings ratio of 37.37 and a beta of 2.66. DXP Enterprises, Inc. has a 12 month low of $19.61 and a 12 month high of $42.00.

DXP Enterprises (NASDAQ:DXPE) last released its quarterly earnings results on Tuesday, July 25th. The industrial products company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.01. DXP Enterprises had a net margin of 1.58% and a return on equity of 6.15%. The business had revenue of $250.69 million for the quarter, compared to analyst estimates of $246.15 million. During the same period last year, the firm earned $0.34 earnings per share. DXP Enterprises’s revenue for the quarter was down 2.2% compared to the same quarter last year. Equities research analysts forecast that DXP Enterprises, Inc. will post $0.76 earnings per share for the current fiscal year.

DXP Enterprises Profile

DXP Enterprises, Inc (DXP) is engaged in the business of distributing maintenance, repair and operating (MRO) products, equipment and service to industrial customers. The Company operates through three segments: Service Centers, Supply Chain Services and Innovative Pumping Solutions. The Service Centers segment provides MRO products, equipment and services, including technical expertise and logistics capabilities to industrial customers.

Institutional Ownership by Quarter for DXP Enterprises (NASDAQ:DXPE)

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