Mirae Asset Global Investments Co. Ltd. Takes $15.43 Million Position in DXP Enterprises, Inc. (NASDAQ:DXPE)

Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of DXP Enterprises, Inc. (NASDAQ:DXPEGet Rating) in the 1st quarter, HoldingsChannel.com reports. The fund acquired 569,383 shares of the industrial products company’s stock, valued at approximately $15,425,000.

Other large investors also recently made changes to their positions in the company. Captrust Financial Advisors lifted its position in shares of DXP Enterprises by 67.8% in the first quarter. Captrust Financial Advisors now owns 1,606 shares of the industrial products company’s stock worth $44,000 after purchasing an additional 649 shares in the last quarter. State of Tennessee Treasury Department raised its position in DXP Enterprises by 17.9% during the first quarter. State of Tennessee Treasury Department now owns 6,214 shares of the industrial products company’s stock valued at $168,000 after acquiring an additional 942 shares in the last quarter. Guggenheim Capital LLC bought a new position in DXP Enterprises during the first quarter valued at approximately $217,000. MetLife Investment Management LLC raised its position in DXP Enterprises by 48.0% during the first quarter. MetLife Investment Management LLC now owns 10,324 shares of the industrial products company’s stock valued at $280,000 after acquiring an additional 3,346 shares in the last quarter. Finally, PDT Partners LLC bought a new position in shares of DXP Enterprises in the fourth quarter valued at approximately $379,000. Institutional investors own 71.91% of the company’s stock.

DXP Enterprises Stock Performance

Shares of DXP Enterprises stock opened at $26.44 on Monday. DXP Enterprises, Inc. has a 1 year low of $22.09 and a 1 year high of $36.26. The company has a current ratio of 1.91, a quick ratio of 1.40 and a debt-to-equity ratio of 0.84. The company’s fifty day simple moving average is $29.29 and its 200-day simple moving average is $28.62. The company has a market cap of $498.31 million, a price-to-earnings ratio of 14.69 and a beta of 2.04.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of DXP Enterprises from a “buy” rating to a “strong-buy” rating in a research note on Monday, September 5th.

About DXP Enterprises

(Get Rating)

DXP Enterprises, Inc, together with its subsidiaries, engages in distributing maintenance, repair, and operating (MRO) products, equipment, and services to the energy and industrial customers primarily in the United States and Canada. It operates through three segments: Service Centers (SC), Supply Chain Services (SCS), and Innovative Pumping Solutions (IPS).

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

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