DXP Enterprises, Inc. (NASDAQ:DXPE) Shares Sold by Ameriprise Financial Inc.

Ameriprise Financial Inc. reduced its holdings in DXP Enterprises, Inc. (NASDAQ:DXPE) by 9.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 120,666 shares of the industrial products company’s stock after selling 13,037 shares during the quarter. Ameriprise Financial Inc. owned 0.77% of DXP Enterprises worth $9,969,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in DXPE. Algert Global LLC acquired a new position in shares of DXP Enterprises during the fourth quarter valued at $907,000. Northern Trust Corp grew its position in DXP Enterprises by 10.2% in the 4th quarter. Northern Trust Corp now owns 228,940 shares of the industrial products company’s stock valued at $18,915,000 after buying an additional 21,220 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in DXP Enterprises by 17.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,850 shares of the industrial products company’s stock valued at $401,000 after buying an additional 735 shares during the period. Massar Capital Management LP bought a new stake in shares of DXP Enterprises during the 4th quarter worth about $324,000. Finally, Hsbc Holdings PLC acquired a new stake in shares of DXP Enterprises in the 4th quarter worth approximately $208,000. Institutional investors own 74.82% of the company’s stock.

Analysts Set New Price Targets

DXPE has been the topic of a number of research reports. StockNews.com downgraded DXP Enterprises from a “buy” rating to a “hold” rating in a research note on Friday. Stephens boosted their price target on shares of DXP Enterprises from $75.00 to $95.00 and gave the stock an “overweight” rating in a research report on Monday, March 10th.

DXP Enterprises Stock Down 0.0%

NASDAQ DXPE opened at $89.74 on Tuesday. DXP Enterprises, Inc. has a 12 month low of $43.25 and a 12 month high of $107.06. The company has a market capitalization of $1.41 billion, a P/E ratio of 23.13 and a beta of 1.26. The company’s 50 day simple moving average is $83.94 and its 200 day simple moving average is $84.73. The company has a debt-to-equity ratio of 1.29, a current ratio of 2.22 and a quick ratio of 1.78.

DXP Enterprises (NASDAQ:DXPE) last posted its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $1.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.06. DXP Enterprises had a return on equity of 18.74% and a net margin of 3.75%. The company had revenue of $476.57 million for the quarter, compared to analysts’ expectations of $477.00 million. Equities research analysts expect that DXP Enterprises, Inc. will post 4.07 earnings per share for the current fiscal year.

Insider Transactions at DXP Enterprises

In related news, CMO Paz Maestas sold 4,328 shares of DXP Enterprises stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $89.04, for a total value of $385,365.12. Following the transaction, the chief marketing officer now owns 613,039 shares of the company’s stock, valued at approximately $54,584,992.56. This trade represents a 0.70% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Timothy P. Halter sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $89.75, for a total transaction of $448,750.00. Following the sale, the director now owns 45,925 shares in the company, valued at $4,121,768.75. This represents a 9.82% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,785 shares of company stock valued at $1,139,818 over the last three months. Company insiders own 22.70% of the company’s stock.

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).