Allspring Global Investments Holdings LLC Buys 1,701 Shares of DXP Enterprises, Inc. (NASDAQ:DXPE)

Allspring Global Investments Holdings LLC grew its position in DXP Enterprises, Inc. (NASDAQ:DXPE) by 36.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,380 shares of the industrial products company’s stock after purchasing an additional 1,701 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in DXP Enterprises were worth $215,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of DXPE. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of DXP Enterprises by 9.3% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 510,443 shares of the industrial products company’s stock worth $17,835,000 after purchasing an additional 43,598 shares during the last quarter. Acadian Asset Management LLC raised its stake in DXP Enterprises by 10.0% during the 3rd quarter. Acadian Asset Management LLC now owns 171,641 shares of the industrial products company’s stock valued at $5,995,000 after purchasing an additional 15,574 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of DXP Enterprises by 161.0% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 36,660 shares of the industrial products company’s stock worth $1,281,000 after purchasing an additional 22,612 shares during the period. Illinois Municipal Retirement Fund bought a new stake in shares of DXP Enterprises in the third quarter valued at about $297,000. Finally, DekaBank Deutsche Girozentrale acquired a new stake in DXP Enterprises during the third quarter worth about $32,000. 74.82% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other DXP Enterprises news, CMO Paz Maestas sold 10,000 shares of DXP Enterprises stock in a transaction on Friday, March 15th. The stock was sold at an average price of $49.14, for a total transaction of $491,400.00. Following the completion of the transaction, the chief marketing officer now directly owns 621,723 shares of the company’s stock, valued at $30,551,468.22. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 22.10% of the stock is owned by corporate insiders.

DXP Enterprises Price Performance

NASDAQ:DXPE opened at $50.90 on Friday. The company has a debt-to-equity ratio of 1.37, a quick ratio of 2.43 and a current ratio of 2.89. The company has a 50-day moving average of $47.22 and a 200-day moving average of $37.66. DXP Enterprises, Inc. has a 52 week low of $22.06 and a 52 week high of $57.38. The company has a market capitalization of $823.56 million, a price-to-earnings ratio of 13.12 and a beta of 1.72.

DXP Enterprises (NASDAQ:DXPE) last announced its quarterly earnings results on Thursday, March 7th. The industrial products company reported $1.12 EPS for the quarter. DXP Enterprises had a net margin of 4.10% and a return on equity of 19.30%. The firm had revenue of $407.04 million during the quarter. During the same quarter in the prior year, the business earned $0.50 EPS. As a group, equities research analysts anticipate that DXP Enterprises, Inc. will post 3.57 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, TheStreet raised DXP Enterprises from a “c+” rating to a “b-” rating in a report on Thursday, March 14th.

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).