Deutsche Bank AG Has $792,000 Holdings in DXP Enterprises, Inc. $DXPE

Deutsche Bank AG reduced its holdings in DXP Enterprises, Inc. (NASDAQ:DXPE) by 77.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,633 shares of the industrial products company’s stock after selling 32,494 shares during the quarter. Deutsche Bank AG owned approximately 0.06% of DXP Enterprises worth $792,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Federated Hermes Inc. boosted its holdings in shares of DXP Enterprises by 11.3% in the 1st quarter. Federated Hermes Inc. now owns 12,486 shares of the industrial products company’s stock worth $1,027,000 after acquiring an additional 1,266 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of DXP Enterprises by 18.1% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,856 shares of the industrial products company’s stock worth $399,000 after acquiring an additional 743 shares in the last quarter. Private Advisor Group LLC acquired a new position in shares of DXP Enterprises in the 1st quarter worth approximately $791,000. Diversify Advisory Services LLC acquired a new position in shares of DXP Enterprises in the 1st quarter worth approximately $766,000. Finally, Jennison Associates LLC acquired a new position in shares of DXP Enterprises in the 1st quarter worth approximately $629,000. 74.82% of the stock is owned by institutional investors and hedge funds.

DXP Enterprises Price Performance

DXPE opened at $123.63 on Tuesday. The company has a fifty day moving average price of $101.56 and a two-hundred day moving average price of $91.02. The company has a debt-to-equity ratio of 1.33, a quick ratio of 2.33 and a current ratio of 2.79. DXP Enterprises, Inc. has a 52 week low of $45.81 and a 52 week high of $126.60. The firm has a market capitalization of $1.94 billion, a PE ratio of 23.59 and a beta of 1.25.

DXP Enterprises (NASDAQ:DXPE) last released its earnings results on Wednesday, August 6th. The industrial products company reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.39 by $0.04. DXP Enterprises had a net margin of 4.52% and a return on equity of 20.94%. The firm had revenue of $498.68 million during the quarter, compared to analyst estimates of $499.00 million. As a group, analysts anticipate that DXP Enterprises, Inc. will post 4.07 earnings per share for the current year.

Insider Activity

In other DXP Enterprises news, CMO Paz Maestas sold 5,000 shares of DXP Enterprises stock in a transaction on Monday, August 18th. The shares were sold at an average price of $120.11, for a total transaction of $600,550.00. Following the completion of the sale, the chief marketing officer owned 600,737 shares of the company’s stock, valued at approximately $72,154,521.07. The trade was a 0.83% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Nicholas Little sold 45,938 shares of DXP Enterprises stock in a transaction on Monday, June 30th. The stock was sold at an average price of $87.73, for a total transaction of $4,030,140.74. Following the sale, the chief operating officer directly owned 812,328 shares of the company’s stock, valued at $71,265,535.44. This represents a 5.35% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 67,337 shares of company stock worth $6,431,516. Corporate insiders own 22.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded DXP Enterprises from a “buy” rating to a “hold” rating in a report on Friday, May 16th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $95.00.

DXP Enterprises Company 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).