Cornerstone Capital Management Holdings LLC. Has $2.24 Million Holdings in DXP Enterprises, Inc. (DXPE)

Cornerstone Capital Management Holdings LLC. raised its holdings in DXP Enterprises, Inc. (NASDAQ:DXPE) by 70.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 64,861 shares of the industrial products company’s stock after purchasing an additional 26,900 shares during the period. Cornerstone Capital Management Holdings LLC. owned about 0.37% of DXP Enterprises worth $2,237,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of DXPE. Capstone Asset Management Co. lifted its holdings in shares of DXP Enterprises by 1.2% during the second quarter. Capstone Asset Management Co. now owns 5,976 shares of the industrial products company’s stock valued at $206,000 after purchasing an additional 70 shares during the last quarter. Arizona State Retirement System lifted its holdings in shares of DXP Enterprises by 1.3% during the first quarter. Arizona State Retirement System now owns 8,065 shares of the industrial products company’s stock valued at $305,000 after purchasing an additional 100 shares during the last quarter. Municipal Employees Retirement System of Michigan lifted its holdings in shares of DXP Enterprises by 3.1% during the second quarter. Municipal Employees Retirement System of Michigan now owns 3,640 shares of the industrial products company’s stock valued at $126,000 after purchasing an additional 110 shares during the last quarter. Parametric Portfolio Associates LLC lifted its holdings in shares of DXP Enterprises by 0.3% during the first quarter. Parametric Portfolio Associates LLC now owns 49,815 shares of the industrial products company’s stock valued at $1,886,000 after purchasing an additional 147 shares during the last quarter. Finally, Texas Permanent School Fund lifted its holdings in shares of DXP Enterprises by 1.3% during the second quarter. Texas Permanent School Fund now owns 11,318 shares of the industrial products company’s stock valued at $390,000 after purchasing an additional 147 shares during the last quarter. Institutional investors and hedge funds own 74.06% of the company’s stock.

DXP Enterprises, Inc. (NASDAQ:DXPE) traded up 0.19% on Friday, reaching $31.82. The company had a trading volume of 57,542 shares. DXP Enterprises, Inc. has a 12 month low of $20.57 and a 12 month high of $42.00. The firm has a 50 day moving average price of $30.76 and a 200-day moving average price of $32.75. The stock has a market capitalization of $553.70 million, a price-to-earnings ratio of 37.00 and a beta of 2.66.

DXP Enterprises (NASDAQ:DXPE) last released its quarterly earnings data on Tuesday, July 25th. The industrial products company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.01. DXP Enterprises had a net margin of 1.58% and a return on equity of 6.15%. The business had revenue of $250.69 million during the quarter, compared to analyst estimates of $246.15 million. During the same period in the previous year, the business earned $0.34 EPS. DXP Enterprises’s revenue was down 2.2% compared to the same quarter last year. Analysts forecast that DXP Enterprises, Inc. will post $0.76 earnings per share for the current fiscal year.

Several equities research analysts have recently commented on the company. Zacks Investment Research downgraded DXP Enterprises from a “buy” rating to a “hold” rating in a report on Tuesday, September 26th. BidaskClub downgraded DXP Enterprises from a “sell” rating to a “strong sell” rating in a report on Sunday, July 30th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. DXP Enterprises currently has a consensus rating of “Hold” and a consensus price target of $42.00.

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DXP Enterprises Profile

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.

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

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