DXP Enterprises, Inc. (NASDAQ:DXPE) Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. cut its stake in DXP Enterprises, Inc. (NASDAQ:DXPE) by 17.5% in the fourth quarter, Holdings Channel reports. The fund owned 9,162 shares of the industrial products company’s stock after selling 1,943 shares during the period. Federated Hermes Inc.’s holdings in DXP Enterprises were worth $309,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. DekaBank Deutsche Girozentrale acquired a new stake in DXP Enterprises during the third quarter worth about $32,000. Allspring Global Investments Holdings LLC increased its holdings in shares of DXP Enterprises by 36.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 6,380 shares of the industrial products company’s stock worth $215,000 after buying an additional 1,701 shares during the last quarter. Louisiana State Employees Retirement System purchased a new stake in shares of DXP Enterprises during the 4th quarter valued at approximately $222,000. Illinois Municipal Retirement Fund acquired a new position in DXP Enterprises in the third quarter valued at approximately $297,000. Finally, Cornercap Investment Counsel Inc. purchased a new position in DXP Enterprises in the fourth quarter worth approximately $507,000. Hedge funds and other institutional investors own 74.82% of the company’s stock.

DXP Enterprises Trading Up 1.0 %

Shares of DXPE stock opened at $52.33 on Friday. DXP Enterprises, Inc. has a 1-year low of $22.06 and a 1-year high of $57.38. The firm has a market cap of $833.62 million, a PE ratio of 13.49 and a beta of 1.72. The company has a 50-day moving average of $48.81 and a two-hundred day moving average of $38.25. The company has a debt-to-equity ratio of 1.37, a current ratio of 2.89 and a quick ratio of 2.43.

DXP Enterprises (NASDAQ:DXPE) last posted its quarterly earnings data on Thursday, March 7th. The industrial products company reported $1.12 earnings per share for the quarter. The firm had revenue of $407.04 million during the quarter. DXP Enterprises had a net margin of 4.10% and a return on equity of 19.30%. During the same period in the previous year, the business posted $0.50 EPS. On average, analysts predict that DXP Enterprises, Inc. will post 3.57 EPS for the current year.

Insider Activity

In related news, CMO Paz Maestas sold 10,000 shares of the stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $49.14, for a total transaction of $491,400.00. Following the transaction, the chief marketing officer now owns 621,723 shares of the company’s stock, valued at approximately $30,551,468.22. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 22.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, TheStreet raised DXP Enterprises from a “c+” rating to a “b-” rating in a research note 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).