Crossmark Global Holdings Inc. bought a new stake in shares of DXP Enterprises Inc (NASDAQ:DXPE) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 9,962 shares of the industrial products company’s stock, valued at approximately $295,000. Crossmark Global Holdings Inc. owned approximately 0.06% of DXP Enterprises at the end of the most recent reporting period.
A number of other hedge funds have also recently bought and sold shares of the stock. The Manufacturers Life Insurance Company raised its stake in DXP Enterprises by 5.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 13,000 shares of the industrial products company’s stock worth $448,000 after buying an additional 654 shares during the period. Great West Life Assurance Co. Can raised its stake in DXP Enterprises by 9.6% during the 3rd quarter. Great West Life Assurance Co. Can now owns 22,960 shares of the industrial products company’s stock worth $731,000 after buying an additional 2,011 shares during the period. Municipal Employees Retirement System of Michigan raised its stake in DXP Enterprises by 59.9% during the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 5,820 shares of the industrial products company’s stock worth $183,000 after buying an additional 2,180 shares during the period. Strs Ohio raised its stake in DXP Enterprises by 11.7% during the 3rd quarter. Strs Ohio now owns 23,900 shares of the industrial products company’s stock worth $752,000 after buying an additional 2,500 shares during the period. Finally, BNP Paribas Arbitrage SA raised its stake in DXP Enterprises by 46.7% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 8,346 shares of the industrial products company’s stock worth $263,000 after buying an additional 2,658 shares during the period. 75.80% of the stock is currently owned by institutional investors and hedge funds.
Shares of DXP Enterprises stock traded down $0.10 during trading on Monday, hitting $32.23. The stock had a trading volume of 109,771 shares, compared to its average volume of 91,073. The stock has a market capitalization of $562.28, a P/E ratio of 32.17 and a beta of 2.64. DXP Enterprises Inc has a 12-month low of $24.86 and a 12-month high of $42.00. The company has a current ratio of 2.51, a quick ratio of 1.79 and a debt-to-equity ratio of 0.91.
DXPE has been the topic of a number of research reports. BidaskClub raised DXP Enterprises from a “hold” rating to a “buy” rating in a research note on Wednesday, January 3rd. Zacks Investment Research raised DXP Enterprises from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 23rd. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $44.00.
In other news, CEO David R. Little sold 13,500 shares of the stock in a transaction that occurred on Wednesday, December 27th. The stock was sold at an average price of $29.50, for a total value of $398,250.00. Following the completion of the sale, the chief executive officer now directly owns 1,368,214 shares of the company’s stock, valued at $40,362,313. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Kent Nee Hung Yee sold 2,200 shares of the stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of $29.69, for a total value of $65,318.00. Following the sale, the insider now directly owns 40,984 shares of the company’s stock, valued at $1,216,814.96. The disclosure for this sale can be found here. Over the last three months, insiders sold 34,200 shares of company stock valued at $1,010,218. Company insiders own 9.60% of the company’s stock.
WARNING: This piece of content was first reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this piece of content on another site, it was illegally stolen and reposted in violation of international trademark and copyright laws. The legal version of this piece of content can be accessed at https://www.dispatchtribunal.com/2018/03/19/crossmark-global-holdings-inc-buys-new-holdings-in-dxp-enterprises-inc-dxpe.html.
About DXP Enterprises
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.
Receive News & Ratings for DXP Enterprises Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DXP Enterprises and related companies with MarketBeat.com's FREE daily email newsletter.