Texas Permanent School Fund Corp Sells 824 Shares of DXP Enterprises, Inc. (NASDAQ:DXPE)

Texas Permanent School Fund Corp reduced its holdings in DXP Enterprises, Inc. (NASDAQ:DXPE – Free Report) by 7.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The company owned 10,635 shares of the industrial products company after selling 824 shares during the period. Texas Permanent School Fund Corp owned 0.07% of DXP Enterprises worth $571,000, according to its most recent filing with the SEC.

Several other institutional investors have also made recent changes to their DXPE holdings. Quest Partners LLC acquired a new position in DXP Enterprises in the fourth quarter worth about $80,000. Allspring Global Investments Holdings LLC increased its stake in shares of DXP Enterprises by 36.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 6,380 shares of the industrial products company worth $215,000 after acquiring an additional 1,701 shares during the period. Louisiana State Employees Retirement System acquired a new position in shares of DXP Enterprises in the fourth quarter worth about $222,000. Maryland State Retirement & Pension System purchased a new stake in DXP Enterprises in the first quarter worth about $244,000. Finally, New York State Teachers Retirement System increased its position in DXP Enterprises by 19.9% ​​in the first quarter. New York State Teachers Retirement System now owns 5,851 shares of the industrial products company’s stock worth $314,000 after purchasing an additional 973 shares during the period. Institutional investors own 74.82% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of DXP Enterprises from a “strong buy” rating to a “buy” rating in a research report on Friday, May 10th.

Get our latest stock analysis on DXPE

Insider Activity at DXP Enterprises

In other DXP Enterprises news, CMO Paz Maestas sold 4,000 shares of the company’s stock in a transaction on Tuesday, June 11. The shares were sold at an average price of $48.14, for a total value of $192,560.00. Following the completion of the sale, the chief marketing officer now directly owns 621,867 shares of the company’s stock, valued at $29,936,677.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, available on the SEC website. 22.10% of the shares are held by company insiders.

DXP Enterprises Stock Performance

DXPE shares opened at $50.78 on Friday. The company has a market cap of $808.93 million, a PE ratio of 14.11 and a beta of 1.60. The company has a current ratio of 2.69, a quick ratio of 2.22 and a debt-to-equity ratio of 1.39. The stock has a 50-day moving average price of $48.02 and a 200-day moving average price of $44.39. DXP Enterprises, Inc. has a 1-year low of $28.70 and a 1-year high of $57.38.

DXP Enterprises (NASDAQ:DXPE – Get Free Report) last released its quarterly results on Wednesday, May 8. The industrial products company reported $0.74 earnings per share (EPS) for the quarter. The company had revenue of $412.64 million for the quarter. DXP Enterprises had a return on equity of 17.93% and a net margin of 3.75%. As a group, equities research analysts expect DXP Enterprises, Inc. to post 3.16 earnings per share for the current year.

DXP Enterprises Profile

(Free Report)

DXP Enterprises, Inc., together with its subsidiaries, is engaged in the distribution of 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).

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Want to know which other hedge funds have DXPE in their portfolio? Visit HoldingsChannel.com for the latest 13F filings and insider transactions for DXP Enterprises, Inc. (NASDAQ:DXPE – Free Report).

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