DXP Enterprises, Inc. (NASDAQ:DXPE) Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC grew its holdings in shares of DXP Enterprises, Inc. (NASDAQ:DXPE) by 243.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,712 shares of the industrial products company’s stock after acquiring an additional 6,178 shares during the period. SG Americas Securities LLC owned about 0.06% of DXP Enterprises worth $717,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the company. Global Retirement Partners LLC increased its holdings in DXP Enterprises by 2,220.0% in the fourth quarter. Global Retirement Partners LLC now owns 348 shares of the industrial products company’s stock valued at $29,000 after buying an additional 333 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in DXP Enterprises by 3,150.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 520 shares of the industrial products company’s stock valued at $43,000 after buying an additional 504 shares during the last quarter. Lazard Asset Management LLC bought a new stake in DXP Enterprises in the fourth quarter valued at about $159,000. Hsbc Holdings PLC bought a new stake in DXP Enterprises in the fourth quarter valued at about $208,000. Finally, Pictet Asset Management Holding SA bought a new stake in DXP Enterprises in the fourth quarter valued at about $218,000. 74.82% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at DXP Enterprises

In other DXP Enterprises news, CFO Kent Nee Hung Yee sold 3,457 shares of the business’s stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of $88.43, for a total value of $305,702.51. Following the transaction, the chief financial officer now owns 68,849 shares of the company’s stock, valued at approximately $6,088,317.07. The trade was a 4.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CMO Paz Maestas sold 3,000 shares of the stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $79.09, for a total value of $237,270.00. Following the sale, the chief marketing officer now owns 607,737 shares in the company, valued at $48,065,919.33. The trade was a 0.49% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 14,457 shares of company stock worth $1,252,723. Company insiders own 22.70% of the company’s stock.

DXP Enterprises Price Performance

NASDAQ DXPE opened at $81.90 on Friday. The stock has a market capitalization of $1.29 billion, a P/E ratio of 17.03 and a beta of 1.17. DXP Enterprises, Inc. has a 1 year low of $43.25 and a 1 year high of $107.06. The business’s fifty day moving average is $83.74 and its two-hundred day moving average is $86.48. The company has a debt-to-equity ratio of 1.40, a quick ratio of 2.25 and a current ratio of 2.70.

DXP Enterprises (NASDAQ:DXPE) last posted its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $1.26 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.06. The business had revenue of $476.57 million for the quarter, compared to the consensus estimate of $477.00 million. DXP Enterprises had a net margin of 4.27% and a return on equity of 20.41%. On average, research analysts forecast that DXP Enterprises, Inc. will post 4.07 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Stephens upped their target price on DXP Enterprises from $75.00 to $95.00 and gave the company an “overweight” rating in a report on Monday, March 10th. Wall Street Zen lowered DXP Enterprises from a “buy” rating to a “hold” rating in a report on Friday, May 16th.

DXP Enterprises Profile

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).