CANADA LIFE ASSURANCE Co Has $907,000 Stock Position in DXP Enterprises, Inc. (NASDAQ:DXPE)

CANADA LIFE ASSURANCE Co reduced its position in shares of DXP Enterprises, Inc. (NASDAQ:DXPE) by 12.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 10,984 shares of the industrial products company’s stock after selling 1,601 shares during the period. CANADA LIFE ASSURANCE Co’s holdings in DXP Enterprises were worth $907,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Global Retirement Partners LLC raised its stake in DXP Enterprises by 2,220.0% during the 4th quarter. Global Retirement Partners LLC now owns 348 shares of the industrial products company’s stock worth $29,000 after buying an additional 333 shares during the period. Smartleaf Asset Management LLC raised its stake in shares of DXP Enterprises by 3,150.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 520 shares of the industrial products company’s stock worth $43,000 after purchasing an additional 504 shares during the last quarter. Longboard Asset Management LP purchased a new stake in shares of DXP Enterprises in the fourth quarter worth approximately $216,000. Pictet Asset Management Holding SA purchased a new stake in shares of DXP Enterprises in the fourth quarter worth approximately $218,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in shares of DXP Enterprises in the fourth quarter worth approximately $224,000. 74.82% of the stock is owned by institutional investors and hedge funds.

Insider Activity at DXP Enterprises

In other news, CEO David R. Little bought 5,999 shares of the stock in a transaction on Wednesday, March 26th. The shares were purchased at an average cost of $82.70 per share, for a total transaction of $496,117.30. Following the completion of the purchase, the chief executive officer now directly owns 1,257,593 shares in the company, valued at $104,002,941.10. This represents a 0.48 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Kent Nee Hung Yee sold 3,457 shares of the stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of $88.43, for a total value of $305,702.51. Following the transaction, the chief financial officer now owns 68,849 shares of the company’s stock, valued at $6,088,317.07. The trade was a 4.78 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 12,785 shares of company stock valued at $1,139,818. 22.40% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have recently commented on DXPE. StockNews.com raised DXP Enterprises from a “hold” rating to a “buy” rating in a research note on Friday, April 18th. Stephens increased their price objective on DXP Enterprises from $75.00 to $95.00 and gave the stock an “overweight” rating in a research note on Monday, March 10th.

DXP Enterprises Stock Performance

Shares of DXPE opened at $87.49 on Wednesday. The company has a current ratio of 2.22, a quick ratio of 1.78 and a debt-to-equity ratio of 1.29. The company has a market capitalization of $1.37 billion, a price-to-earnings ratio of 22.55 and a beta of 1.29. The stock has a 50 day moving average of $82.79 and a 200 day moving average of $80.75. DXP Enterprises, Inc. has a 12 month low of $43.25 and a 12 month high of $107.06.

DXP Enterprises (NASDAQ:DXPE) last issued its quarterly earnings results on Thursday, March 6th. The industrial products company reported $1.38 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.49. The company had revenue of $470.91 million during the quarter, compared to the consensus estimate of $447.00 million. DXP Enterprises had a return on equity of 18.74% and a net margin of 3.75%. As a group, sell-side analysts forecast that DXP Enterprises, Inc. will post 4.07 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).