Fisher Asset Management LLC Acquires 3,860 Shares of DXP Enterprises, Inc. (NASDAQ:DXPE)

Fisher Asset Management LLC grew its stake in DXP Enterprises, Inc. (NASDAQ:DXPE) by 10.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 40,659 shares of the industrial products company’s stock after purchasing an additional 3,860 shares during the period. Fisher Asset Management LLC owned about 0.25% of DXP Enterprises worth $1,370,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. DekaBank Deutsche Girozentrale bought a new stake in shares of DXP Enterprises during the third quarter worth $32,000. Allspring Global Investments Holdings LLC grew its position in DXP Enterprises by 36.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 6,380 shares of the industrial products company’s stock worth $215,000 after acquiring an additional 1,701 shares during the last quarter. Louisiana State Employees Retirement System acquired a new position in DXP Enterprises in the 4th quarter worth about $222,000. Illinois Municipal Retirement Fund bought a new position in DXP Enterprises in the third quarter valued at about $297,000. Finally, Cornercap Investment Counsel Inc. acquired a new stake in shares of DXP Enterprises during the fourth quarter valued at about $507,000. 74.82% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, TheStreet upgraded shares of DXP Enterprises from a “c+” rating to a “b-” rating in a report on Thursday, March 14th.

Insider Buying and Selling

In other DXP Enterprises news, CMO Paz Maestas sold 10,000 shares of the company’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $49.14, for a total transaction of $491,400.00. Following the sale, the chief marketing officer now owns 621,723 shares of the company’s stock, valued at $30,551,468.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 22.10% of the stock is owned by insiders.

DXP Enterprises Trading Down 8.0 %

Shares of DXPE stock opened at $51.05 on Friday. DXP Enterprises, Inc. has a 1-year low of $22.06 and a 1-year high of $57.38. The company has a current ratio of 2.89, a quick ratio of 2.43 and a debt-to-equity ratio of 1.37. The stock has a market cap of $813.12 million, a price-to-earnings ratio of 13.16 and a beta of 1.72. The stock has a 50-day moving average of $50.25 and a 200-day moving average of $38.78.

DXP Enterprises (NASDAQ:DXPE) last released its earnings results on Thursday, March 7th. The industrial products company reported $1.12 earnings per share for the quarter. The business had revenue of $407.04 million during the quarter. DXP Enterprises had a net margin of 4.10% and a return on equity of 19.30%. During the same period in the prior year, the company posted $0.50 EPS. On average, equities research analysts forecast that DXP Enterprises, Inc. will post 3.57 earnings per share for the current year.

About DXP Enterprises

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).