Alliancebernstein L.P. Cuts Position in DXP Enterprises, Inc. (DXPE)

Alliancebernstein L.P. cut its holdings in shares of DXP Enterprises, Inc. (NASDAQ:DXPE) by 27.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,870 shares of the industrial products company’s stock after selling 4,800 shares during the quarter. Alliancebernstein L.P. owned approximately 0.07% of DXP Enterprises worth $381,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of DXPE. American Century Companies Inc. lifted its position in DXP Enterprises by 28.7% during the 4th quarter. American Century Companies Inc. now owns 721,452 shares of the industrial products company’s stock worth $21,333,000 after buying an additional 160,811 shares in the last quarter. Hood River Capital Management LLC lifted its position in DXP Enterprises by 40.7% during 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 buying an additional 142,630 shares in the last quarter. Ameriprise Financial Inc. lifted its position in DXP Enterprises by 94.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 265,256 shares of the industrial products company’s stock worth $8,353,000 after buying an additional 128,946 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in DXP Enterprises by 10.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 921,040 shares of the industrial products company’s stock worth $29,004,000 after buying an additional 89,735 shares in the last quarter. Finally, Frontier Capital Management Co. LLC lifted its position in DXP Enterprises by 7.6% during the 4th quarter. Frontier Capital Management Co. LLC now owns 1,089,679 shares of the industrial products company’s stock worth $32,222,000 after buying an additional 77,365 shares in the last quarter. 75.97% of the stock is currently owned by hedge funds and other institutional investors.

How to Become a New Pot Stock Millionaire

Several equities research analysts have commented on DXPE shares. BidaskClub raised shares of DXP Enterprises from a “hold” rating to a “buy” rating in a research report on Tuesday, March 27th. Stephens set a $48.00 price target on shares of DXP Enterprises and gave the stock a “buy” rating in a research report on Wednesday, March 21st. Finally, Zacks Investment Research raised shares of DXP Enterprises from a “hold” rating to a “buy” rating and set a $39.00 price target on the stock in a research report on Tuesday, January 30th. One equities research analyst has rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $48.33.

In other news, SVP John Jay Jeffery sold 3,000 shares of the business’s stock in a transaction dated Monday, March 26th. The shares were sold at an average price of $40.00, for a total transaction of $120,000.00. Following the transaction, the senior vice president now directly owns 22,858 shares in the company, valued at approximately $914,320. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP David C. Vinson sold 7,290 shares of the business’s 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 transaction, the vice president now owns 10,563 shares in the company, valued at $422,520. The disclosure for this sale can be found here. Insiders have sold a total of 63,306 shares of company stock worth $2,546,624 over the last 90 days. 9.60% of the stock is owned by company insiders.

Shares of NASDAQ:DXPE opened at $38.03 on Wednesday. The company has a current ratio of 2.55, a quick ratio of 1.81 and a debt-to-equity ratio of 0.89. DXP Enterprises, Inc. has a one year low of $24.86 and a one year high of $43.21. The stock has a market cap of $634.61, a price-to-earnings ratio of 44.06 and a beta of 2.25.

ILLEGAL ACTIVITY NOTICE: This report was originally posted by Week Herald and is the sole property of of Week Herald. If you are accessing this report on another domain, it was illegally copied and reposted in violation of US & international copyright & trademark law. The correct version of this report can be accessed at https://weekherald.com/2018/04/18/alliancebernstein-l-p-cuts-position-in-dxp-enterprises-inc-dxpe.html.

About DXP Enterprises

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.

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

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.

Leave a Reply