Louisiana State Employees Retirement System Bets Big on DXP Enterprises, with New Investment
April 13, 2023
Trending News 🌥️
The Louisiana State Employees Retirement System (LASERS) recently made a bold move in the stock market with its investment in DXP ($NASDAQ:DXPE) Enterprises, Inc. DXP Enterprises is a publicly traded company based in Houston, Texas that provides maintenance, repair and operational supplies to the industrial, energy and oil and gas markets. It is one of the leading companies in its field, and is currently undervalued in the stock market. LASERS’ investment in DXP Enterprises marks an important milestone for the company and its investors. By investing in this undervalued stock, LASERS is demonstrating its confidence in DXP Enterprises as a reliable and solid long-term investment. The company has also expressed its commitment to providing quality products and services to its customers, while offering competitive pricing and excellent customer service. In addition to its financial commitment, LASERS has also highlighted the importance of sustainability for DXP Enterprises.
The company is committed to reducing its carbon footprint by focusing on sustainable practices. This is evident through its commitment to using renewable energy sources, recycling of materials and waste reduction. DXP Enterprises is dedicated to being a responsible corporate citizen, which is reflected in its dedication to sustainability. With its commitment to sustainability, competitive pricing, and quality service, the company is a reliable option for investors looking for potential growth opportunities. As LASERS has demonstrated with its recent investment, DXP Enterprises is an undervalued stock worthy of consideration by both individual and institutional investors alike.
Share Price
On Tuesday, DXP Enterprises, Inc. saw a significant investment from the Louisiana State Employees Retirement System (LASERS). LASERS decided to bet big on the Texas-based industrial distributor, investing a large sum in their stock. As a result, DXP Enterprise’s stock opened at $26.5 and closed at $26.8, up by 1.0% from the previous closing price of 26.5. This reflects a larger trend of investors betting on DXP Enterprises, and it could be a sign of future growth for the company.
This investment also provides a much-needed boost to LASERS who have seen their portfolio take a hit due to the pandemic. It appears that DXP Enterprises is well positioned for the future and may be headed for further growth. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Dxp Enterprises. More…
| Total Revenues | Net Income | Net Margin |
| 1.37k | 41.8 | 3.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Dxp Enterprises. More…
| Operations | Investing | Financing |
| 16.51 | -54.66 | -7.3 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Dxp Enterprises. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 996.08 | 610.46 | 20.64 |
Key Ratios Snapshot
Some of the financial key ratios for Dxp Enterprises are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 2.2% | 0.7% | 5.7% |
| FCF Margin | ROE | ROA |
| 0.7% | 12.8% | 4.9% |
Analysis
As GoodWhale, we have conducted an analysis of DXP ENTERPRISES‘s wellbeing and have come to the conclusion that it is a medium risk investment in terms of financial and business aspects. We assessed various factors such as profitability ratios, liquidity, and capitalization to arrive at this conclusion. Upon further inspection, we have detected 1 risk warning in the balance sheet of DXP ENTERPRISES. These warnings could indicate potential issues in the future. To find out more about these warnings and get our professional advice, register with us to unlock more information. More…
Peers
Its main competitors are Fastenal Co, Core & Main Inc, and Zall Smart Commerce Group Ltd. DXP has a strong market position and offers a broad range of products and services. The company has a diversified customer base and a large sales force. It also has a strong online presence and a good reputation for customer service. DXP’s main competitors are Fastenal Co, Core & Main Inc, and Zall Smart Commerce Group Ltd. These companies are all large and well-established providers of industrial products and services. They have strong market positions and offer a wide range of products and services.
– Fastenal Co ($NASDAQ:FAST)
With a market cap of $27.03B as of 2022, Fastenal Co is a company that focuses on the distribution of industrial and construction supplies. The company has a Return on Equity of 28.04%, which is relatively high compared to other companies in the same industry. Fastenal Co is a well-established company with a strong financial position. The company has a wide range of products and services that it offers to its customers.
– Core & Main Inc ($NYSE:CNM)
Core & Main Inc is a leading infrastructure solutions provider, offering water, wastewater, and stormwater management products and services to communities and businesses across the United States. The company has a market cap of 3.97B as of 2022 and a Return on Equity of 28.13%. Core & Main is dedicated to improving the communities it serves and is committed to environmental stewardship.
– Zall Smart Commerce Group Ltd ($SEHK:02098)
Zall Smart Commerce Group Ltd. is a holding company that engages in the operation of an integrated smart commerce platform in China. The company operates its business through three segments: B2B Business, B2C Business, and Others. The B2B Business segment comprises of online and offline businesses. The B2C Business segment offers online direct sales, self-operated e-commerce platforms, and third-party e-commerce platforms. The Others segment includes logistics, warehousing, and financial businesses. Zall Smart Commerce Group Ltd. was founded in 2003 and is headquartered in Hangzhou, China.
Summary
DXP Enterprises, Inc. has recently caught the eye of investors due to a series of purchases made by two large institutions. LASERS bought a new position in the company, as did Louisiana State Employees Retirement System. Analysts believe DXP Enterprises is an undervalued stock and recommend it for consideration by investors. The company has a long history of providing a range of services including supply chain management and customer service solutions.
Its underlying financials remain strong with a solid balance sheet and sufficient liquidity. DXP Enterprises is expected to see favorable market growth in the near future, making it an attractive option for investors.
