Massar Capital Management LP Takes $324,000 Position in DXP Enterprises, Inc. (NASDAQ:DXPE)

Massar Capital Management LP acquired a new stake in shares of DXP Enterprises, Inc. (NASDAQ:DXPE) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 3,920 shares of the industrial products company’s stock, valued at approximately $324,000.

Several other large investors have also recently bought and sold shares of the company. Global Retirement Partners LLC grew its position in shares of DXP Enterprises by 2,220.0% in the 4th quarter. Global Retirement Partners LLC now owns 348 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 333 shares during the period. Smartleaf Asset Management LLC boosted its holdings 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 valued at $43,000 after buying an additional 504 shares during the period. Hsbc Holdings PLC bought a new stake in shares of DXP Enterprises during the fourth quarter worth $208,000. Longboard Asset Management LP acquired a new stake in shares of DXP Enterprises during the fourth quarter worth $216,000. Finally, Pictet Asset Management Holding SA acquired a new position in DXP Enterprises in the 4th quarter worth $218,000. Institutional investors own 74.82% of the company’s stock.

DXP Enterprises Price Performance

NASDAQ:DXPE opened at $77.00 on Tuesday. DXP Enterprises, Inc. has a 52-week low of $43.25 and a 52-week high of $107.06. The company has a market cap of $1.21 billion, a P/E ratio of 19.85 and a beta of 1.29. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.78 and a current ratio of 2.22. The stock’s 50-day simple moving average is $84.77 and its 200 day simple moving average is $79.64.

DXP Enterprises (NASDAQ:DXPE) last posted its quarterly earnings results on Thursday, March 6th. The industrial products company reported $1.38 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.49. The firm had revenue of $470.91 million for the quarter, compared to analyst estimates 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 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Stephens lifted their target price on DXP Enterprises from $75.00 to $95.00 and gave the company an “overweight” rating in a research report on Monday, March 10th. StockNews.com raised shares of DXP Enterprises from a “hold” rating to a “buy” rating in a research report on Friday.

Insiders Place Their Bets

In other news, Director Timothy P. Halter sold 5,000 shares of the company’s stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $89.75, for a total value of $448,750.00. Following the sale, the director now directly owns 45,925 shares of the company’s stock, valued at approximately $4,121,768.75. This represents a 9.82 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CMO Paz Maestas sold 4,328 shares of DXP Enterprises stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $89.04, for a total value of $385,365.12. Following the transaction, the chief marketing officer now owns 613,039 shares of the company’s stock, valued at $54,584,992.56. The trade was a 0.70 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,785 shares of company stock valued at $1,139,818. 22.40% of the stock is currently owned by corporate insiders.

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).