Versor Investments LP Invests $496,000 in DXP Enterprises, Inc. (NASDAQ:DXPE)

Versor Investments LP acquired a new stake in shares of DXP Enterprises, Inc. (NASDAQ:DXPE) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 6,000 shares of the industrial products company’s stock, valued at approximately $496,000.

A number of other hedge funds also recently made changes to their positions in the stock. FMR LLC raised its position in DXP Enterprises by 21.8% during the third quarter. FMR LLC now owns 776,950 shares of the industrial products company’s stock valued at $41,458,000 after purchasing an additional 139,027 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of DXP Enterprises by 193.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 98,044 shares of the industrial products company’s stock valued at $5,232,000 after purchasing an additional 64,611 shares during the last quarter. Hotchkis & Wiley Capital Management LLC purchased a new position in shares of DXP Enterprises during the 3rd quarter valued at about $3,355,000. Pacer Advisors Inc. lifted its position in DXP Enterprises by 4.1% in the 3rd quarter. Pacer Advisors Inc. now owns 744,587 shares of the industrial products company’s stock worth $39,731,000 after buying an additional 29,131 shares during the last quarter. Finally, 272 Capital LP purchased a new stake in DXP Enterprises in the third quarter worth approximately $1,380,000. 74.82% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on the stock. StockNews.com downgraded shares of DXP Enterprises from a “buy” rating to a “hold” rating in a research note on Friday, December 20th. Stephens lifted their target price on shares of DXP Enterprises from $65.00 to $75.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th.

Insider Activity

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 value of $73,100.00. Following the transaction, the insider now directly owns 29,606 shares of the company’s stock, valued at $2,164,198.60. The trade was 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 through this link. Insiders own 22.40% of the company’s stock.

DXP Enterprises Trading Up 1.7 %

Shares of DXPE stock opened at $90.47 on Friday. The business has a 50-day moving average of $94.37 and a 200 day moving average of $71.51. The company has a debt-to-equity ratio of 1.29, a current ratio of 2.22 and a quick ratio of 1.78. DXP Enterprises, Inc. has a 1-year low of $35.06 and a 1-year high of $107.06. The stock has a market capitalization of $1.42 billion, a PE ratio of 23.32 and a beta of 1.67.

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).