Los Angeles Capital Management LLC Has $1.47 Million Stock Position in DXP Enterprises, Inc. (NASDAQ:DXPE)

Los Angeles Capital Management LLC lessened its stake in shares of DXP Enterprises, Inc. (NASDAQ:DXPE) by 7.6% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 17,792 shares of the industrial products company’s stock after selling 1,468 shares during the period. Los Angeles Capital Management LLC’s holdings in DXP Enterprises were worth $1,470,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Global Retirement Partners LLC grew its position in DXP Enterprises by 2,220.0% during the 4th quarter. Global Retirement Partners LLC now owns 348 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 333 shares during the last quarter. Quantbot Technologies LP acquired a new stake in shares of DXP Enterprises during the third quarter valued at about $41,000. Longboard Asset Management LP bought a new stake in shares of DXP Enterprises during the fourth quarter worth about $216,000. Savant Capital LLC acquired a new position in shares of DXP Enterprises in the fourth quarter valued at approximately $230,000. Finally, Jane Street Group LLC raised its holdings in DXP Enterprises by 9.6% in the 3rd quarter. Jane Street Group LLC now owns 5,915 shares of the industrial products company’s stock valued at $316,000 after buying an additional 517 shares during the last quarter. 74.82% of the stock is currently owned by institutional investors and hedge funds.

DXP Enterprises Trading Up 1.7 %

Shares of DXPE stock opened at $90.47 on Friday. DXP Enterprises, Inc. has a 1-year low of $35.06 and a 1-year high of $107.06. The company has a current ratio of 2.22, a quick ratio of 1.78 and a debt-to-equity ratio of 1.29. The stock has a market cap of $1.42 billion, a price-to-earnings ratio of 23.32 and a beta of 1.67. The stock has a 50-day moving average of $94.13 and a 200-day moving average of $71.22.

Insider Activity at DXP Enterprises

In related news, insider Christopher T. Gregory sold 1,000 shares of DXP Enterprises stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $73.10, for a total transaction of $73,100.00. Following the completion of the transaction, the insider now owns 29,606 shares of the company’s stock, valued at $2,164,198.60. This trade represents a 3.27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 22.40% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

DXPE has been the topic of a number of research reports. Stephens boosted their target price on shares of DXP Enterprises from $65.00 to $75.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. StockNews.com lowered shares of DXP Enterprises from a “buy” rating to a “hold” rating in a report on Friday, December 20th.

About DXP Enterprises

DXP Enterprises, Inc, together with its subsidiaries, engages in distributing 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).