Connor Clark & Lunn Investment Management Ltd. Has $2.14 Million Holdings in DXP Enterprises, Inc. (NASDAQ:DXPE)

Connor Clark & Lunn Investment Management Ltd. decreased its position in shares of DXP Enterprises, Inc. (NASDAQ:DXPE) by 12.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,176 shares of the industrial products company’s stock after selling 5,602 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in DXP Enterprises were worth $2,144,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Innealta Capital LLC acquired a new position in shares of DXP Enterprises during the 2nd quarter worth about $29,000. Quest Partners LLC increased its position in DXP Enterprises by 24.8% in the 2nd quarter. Quest Partners LLC now owns 2,109 shares of the industrial products company’s stock worth $97,000 after buying an additional 419 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of DXP Enterprises by 39.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,113 shares of the industrial products company’s stock worth $189,000 after buying an additional 1,174 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of DXP Enterprises in the third quarter valued at approximately $197,000. Finally, Privium Fund Management UK Ltd acquired a new stake in shares of DXP Enterprises in the second quarter worth $209,000. 74.82% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Stephens upped their target price on shares of DXP Enterprises from $65.00 to $75.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th.

Insider Activity at DXP Enterprises

In related news, CMO Paz Maestas sold 2,000 shares of the business’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $53.21, for a total value of $106,420.00. Following the sale, the chief marketing officer now owns 617,367 shares of the company’s stock, valued at $32,850,098.07. The trade was a 0.32 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 22.40% of the stock is currently owned by insiders.

DXP Enterprises Trading Up 2.2 %

DXP Enterprises stock opened at $72.90 on Tuesday. DXP Enterprises, Inc. has a 12 month low of $28.82 and a 12 month high of $73.76. The stock has a market cap of $1.14 billion, a price-to-earnings ratio of 18.79 and a beta of 1.60. The business has a 50 day moving average price of $56.51 and a two-hundred day moving average price of $51.87. The company has a quick ratio of 1.78, a current ratio of 2.22 and a debt-to-equity ratio of 1.29.

DXP Enterprises (NASDAQ:DXPE) last issued its earnings results on Monday, November 4th. The industrial products company reported $1.43 EPS for the quarter, topping the consensus estimate of $0.95 by $0.48. The firm had revenue of $472.94 million during the quarter. DXP Enterprises had a return on equity of 18.74% and a net margin of 3.75%. During the same period last year, the business earned $0.93 earnings per share. As a group, equities analysts forecast that DXP Enterprises, Inc. will post 3.56 EPS for the current year.

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).