California Public Employees Retirement System grew its holdings in DXP Enterprises Inc (NASDAQ:DXPE) by 8.3% in the 3rd quarter, HoldingsChannel reports. The fund owned 63,368 shares of the industrial products company’s stock after purchasing an additional 4,868 shares during the quarter. California Public Employees Retirement System’s holdings in DXP Enterprises were worth $1,995,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Oppenheimer Asset Management Inc. grew its position in DXP Enterprises by 8.1% in the second quarter. Oppenheimer Asset Management Inc. now owns 2,915 shares of the industrial products company’s stock worth $101,000 after acquiring an additional 219 shares in the last quarter. Thrivent Financial For Lutherans grew its position in DXP Enterprises by 6.9% in the second quarter. Thrivent Financial For Lutherans now owns 9,330 shares of the industrial products company’s stock worth $322,000 after acquiring an additional 600 shares in the last quarter. Principal Financial Group Inc. grew its position in DXP Enterprises by 0.5% in the second quarter. Principal Financial Group Inc. now owns 117,910 shares of the industrial products company’s stock worth $4,068,000 after acquiring an additional 638 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in DXP Enterprises by 5.3% in the second quarter. The Manufacturers Life Insurance Company now owns 13,000 shares of the industrial products company’s stock worth $448,000 after acquiring an additional 654 shares in the last quarter. Finally, Pinebridge Investments L.P. grew its position in DXP Enterprises by 4.9% in the second quarter. Pinebridge Investments L.P. now owns 22,036 shares of the industrial products company’s stock worth $760,000 after acquiring an additional 1,024 shares in the last quarter. 74.25% of the stock is owned by institutional investors.

Shares of DXP Enterprises Inc (NASDAQ DXPE) opened at $34.58 on Friday. The company has a debt-to-equity ratio of 0.91, a current ratio of 2.51 and a quick ratio of 1.79. The company has a market cap of $589.58, a P/E ratio of 35.29 and a beta of 2.65. DXP Enterprises Inc has a 1 year low of $24.86 and a 1 year high of $42.00.

DXP Enterprises (NASDAQ:DXPE) last issued its quarterly earnings data on Thursday, November 2nd. The industrial products company reported $0.16 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.22 by ($0.06). DXP Enterprises had a return on equity of 6.87% and a net margin of 1.83%. The firm had revenue of $251.90 million during the quarter, compared to analyst estimates of $250.42 million. During the same quarter in the previous year, the firm posted $0.02 earnings per share. DXP Enterprises’s quarterly revenue was up 9.5% compared to the same quarter last year. sell-side analysts predict that DXP Enterprises Inc will post 0.67 EPS for the current fiscal year.

In other news, insider Kent Nee Hung Yee sold 2,200 shares of the business’s stock in a transaction on Thursday, December 21st. The shares were sold at an average price of $29.69, for a total value of $65,318.00. Following the completion of the sale, the insider now directly owns 40,984 shares in the company, valued at $1,216,814.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO David R. Little sold 13,500 shares of the business’s stock in a transaction on Thursday, December 27th. The stock was sold at an average price of $29.50, for a total transaction of $398,250.00. Following the completion of the sale, the chief executive officer now owns 1,368,214 shares of the company’s stock, valued at $40,362,313. The disclosure for this sale can be found here. Insiders sold 34,200 shares of company stock valued at $1,010,218 over the last 90 days. 11.30% of the stock is owned by corporate insiders.

Several analysts have commented on the stock. BidaskClub raised shares of DXP Enterprises from a “hold” rating to a “buy” rating in a research report on Wednesday, January 3rd. Zacks Investment Research downgraded shares of DXP Enterprises from a “buy” rating to a “hold” rating in a research report on Tuesday, September 26th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $42.00.

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About DXP Enterprises

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.

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

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