UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 2,275 Shares of DXP Enterprises, Inc. (NASDAQ:DXPE)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its stake in shares of DXP Enterprises, Inc. (NASDAQ:DXPE) by 7.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,972 shares of the industrial products company’s stock after selling 2,275 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.18% of DXP Enterprises worth $1,546,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. De Lisle Partners LLP lifted its holdings in shares of DXP Enterprises by 96.7% during the third quarter. De Lisle Partners LLP now owns 21,654 shares of the industrial products company’s stock valued at $1,157,000 after acquiring an additional 10,645 shares during the period. Quantbot Technologies LP acquired a new stake in shares of DXP Enterprises during the 3rd quarter worth about $41,000. FMR LLC lifted its holdings in DXP Enterprises by 21.8% during the 3rd quarter. FMR LLC now owns 776,950 shares of the industrial products company’s stock valued at $41,458,000 after purchasing an additional 139,027 shares during the last quarter. Pacer Advisors Inc. boosted its position in DXP Enterprises by 4.1% in the third quarter. Pacer Advisors Inc. now owns 744,587 shares of the industrial products company’s stock valued at $39,731,000 after buying an additional 29,131 shares in the last quarter. Finally, CWA Asset Management Group LLC bought a new stake in DXP Enterprises during the third quarter worth about $1,107,000. Institutional investors and hedge funds own 74.82% of the company’s stock.

Insider Activity

In other DXP Enterprises news, CMO Paz Maestas sold 2,000 shares of the company’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $53.21, for a total transaction of $106,420.00. Following the completion of the sale, the chief marketing officer now owns 617,367 shares in the company, valued at approximately $32,850,098.07. The trade was a 0.32 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Christopher T. Gregory sold 1,000 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $73.10, for a total value of $73,100.00. Following the completion of the transaction, the insider now owns 29,606 shares in the company, valued at $2,164,198.60. This represents a 3.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 22.40% of the company’s stock.

DXP Enterprises Stock Performance

Shares of NASDAQ:DXPE opened at $80.44 on Tuesday. The business has a fifty day moving average of $63.54 and a 200-day moving average of $54.51. The firm has a market cap of $1.26 billion, a PE ratio of 20.82 and a beta of 1.70. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.78 and a current ratio of 2.22. DXP Enterprises, Inc. has a twelve month low of $30.08 and a twelve month high of $82.33.

DXP Enterprises (NASDAQ:DXPE) last announced its earnings results on Monday, November 4th. The industrial products company reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.48. The company had revenue of $472.94 million during the quarter. DXP Enterprises had a net margin of 3.75% and a return on equity of 18.74%. During the same period in the prior year, the firm posted $0.93 earnings per share. On average, equities research analysts predict that DXP Enterprises, Inc. will post 4.07 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Stephens lifted 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.

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).