Bank of New York Mellon Corp Has $5.41 Million Holdings in DXP Enterprises, Inc. (DXPE)

Bank of New York Mellon Corp boosted its stake in DXP Enterprises, Inc. (NASDAQ:DXPE) by 5.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 183,055 shares of the industrial products company’s stock after purchasing an additional 8,684 shares during the quarter. Bank of New York Mellon Corp’s holdings in DXP Enterprises were worth $5,412,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Rhumbline Advisers boosted its stake in DXP Enterprises by 16.4% in the 4th quarter. Rhumbline Advisers now owns 36,825 shares of the industrial products company’s stock worth $1,089,000 after purchasing an additional 5,190 shares during the period. Arizona State Retirement System boosted its stake in DXP Enterprises by 221.8% in the 4th quarter. Arizona State Retirement System now owns 26,600 shares of the industrial products company’s stock worth $787,000 after purchasing an additional 18,335 shares during the period. Pinebridge Investments L.P. boosted its stake in DXP Enterprises by 15.8% in the 4th quarter. Pinebridge Investments L.P. now owns 25,592 shares of the industrial products company’s stock worth $757,000 after purchasing an additional 3,497 shares during the period. Hood River Capital Management LLC boosted its stake in DXP Enterprises by 40.7% in the 4th quarter. Hood River Capital Management LLC now owns 492,847 shares of the industrial products company’s stock worth $14,573,000 after purchasing an additional 142,630 shares during the period. Finally, California Public Employees Retirement System boosted its stake in DXP Enterprises by 7.6% in the 4th quarter. California Public Employees Retirement System now owns 68,159 shares of the industrial products company’s stock worth $2,015,000 after purchasing an additional 4,791 shares during the period. Institutional investors and hedge funds own 75.80% of the company’s stock.

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Several brokerages have commented on DXPE. Stephens set a $48.00 target price on DXP Enterprises and gave the stock a “buy” rating in a research note on Wednesday, March 21st. BidaskClub upgraded DXP Enterprises from a “hold” rating to a “buy” rating in a research note on Tuesday, March 27th. Finally, Zacks Investment Research upgraded DXP Enterprises from a “hold” rating to a “strong-buy” rating and set a $48.00 target price for the company in a research note on Friday, March 23rd. One equities research analyst has rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. DXP Enterprises presently has an average rating of “Buy” and a consensus target price of $48.33.

Shares of NASDAQ DXPE opened at $37.32 on Friday. DXP Enterprises, Inc. has a 52 week low of $24.86 and a 52 week high of $43.21. The company has a quick ratio of 1.81, a current ratio of 2.55 and a debt-to-equity ratio of 0.89. The stock has a market capitalization of $655.10, a price-to-earnings ratio of 43.40 and a beta of 2.26.

In other news, VP David C. Vinson sold 7,290 shares of DXP Enterprises stock in a transaction dated Thursday, March 29th. The stock was sold at an average price of $40.00, for a total transaction of $291,600.00. Following the completion of the sale, the vice president now owns 10,563 shares in the company, valued at approximately $422,520. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Kent Nee Hung Yee sold 3,175 shares of DXP Enterprises stock in a transaction dated Thursday, March 29th. The shares were sold at an average price of $39.35, for a total value of $124,936.25. Following the sale, the insider now owns 40,846 shares of the company’s stock, valued at approximately $1,607,290.10. The disclosure for this sale can be found here. In the last quarter, insiders have sold 63,306 shares of company stock valued at $2,546,624. Corporate insiders own 11.30% of the company’s stock.

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DXP Enterprises Company Profile

DXP Enterprises, Inc engages in distributing maintenance, repair, and operating (MRO) products, equipment, and services to energy and industrial customers in the United States. It operates through three segments: Service Centers, Supply Chain Services, and Innovative Pumping Solutions. The Service Centers segment offers MRO products, equipment, and integrated services, including technical expertise and logistics services.

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

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