Teton Advisors Inc. Continues to Hold Position in DXP Enterprises, Inc. (DXPE)

Teton Advisors Inc. held its stake in shares of DXP Enterprises, Inc. (NASDAQ:DXPE) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,200 shares of the industrial products company’s stock at the end of the second quarter. Teton Advisors Inc. owned approximately 0.07% of DXP Enterprises worth $421,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in DXPE. Oppenheimer Asset Management Inc. bought a new stake in shares of DXP Enterprises during the first quarter valued at $102,000. State of Alaska Department of Revenue increased its stake in shares of DXP Enterprises by 78.9% in the second quarter. State of Alaska Department of Revenue now owns 3,059 shares of the industrial products company’s stock valued at $105,000 after buying an additional 1,349 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its stake in shares of DXP Enterprises by 3.1% in the second quarter. Municipal Employees Retirement System of Michigan now owns 3,640 shares of the industrial products company’s stock valued at $126,000 after buying an additional 110 shares during the last quarter. Mason Street Advisors LLC increased its stake in shares of DXP Enterprises by 7.0% in the first quarter. Mason Street Advisors LLC now owns 3,608 shares of the industrial products company’s stock valued at $137,000 after buying an additional 236 shares during the last quarter. Finally, Highbridge Capital Management LLC bought a new stake in shares of DXP Enterprises during the first quarter valued at $201,000. Hedge funds and other institutional investors own 73.84% of the company’s stock.

DXP Enterprises, Inc. (DXPE) opened at 26.01 on Wednesday. DXP Enterprises, Inc. has a 1-year low of $19.61 and a 1-year high of $42.00. The stock has a market capitalization of $452.60 million, a PE ratio of 30.24 and a beta of 2.63. The stock’s 50 day moving average price is $30.75 and its 200 day moving average price is $34.41.

DXP Enterprises (NASDAQ:DXPE) last released its quarterly earnings data on Tuesday, July 25th. The industrial products company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.01. DXP Enterprises had a return on equity of 6.15% and a net margin of 1.58%. The firm had revenue of $250.69 million for the quarter, compared to analysts’ expectations of $246.15 million. During the same period in the prior year, the firm posted $0.34 earnings per share. The firm’s quarterly revenue was down 2.2% on a year-over-year basis. On average, equities research analysts predict that DXP Enterprises, Inc. will post $0.78 earnings per share for the current fiscal year.

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Several analysts have weighed in on DXPE shares. Sidoti reiterated a “buy” rating and issued a $49.00 price objective (up previously from $47.00) on shares of DXP Enterprises in a research report on Wednesday, May 17th. Zacks Investment Research upgraded DXP Enterprises from a “hold” rating to a “buy” rating and set a $35.00 price objective for the company in a research report on Thursday, July 27th. BidaskClub raised DXP Enterprises from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. Finally, KeyCorp reissued a “sector weight” rating on shares of DXP Enterprises in a research note on Friday, May 26th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. DXP Enterprises currently has an average rating of “Hold” and an average target price of $37.67.

DXP Enterprises Company Profile

DXP Enterprises, Inc (DXP) is engaged in the business of distributing maintenance, repair and operating (MRO) products, equipment and service to industrial customers. The Company operates through three segments: Service Centers, Supply Chain Services and Innovative Pumping Solutions. The Service Centers segment provides MRO products, equipment and services, including technical expertise and logistics capabilities to industrial customers.