DXP Enterprises, Inc. $DXPE Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. decreased its stake in shares of DXP Enterprises, Inc. (NASDAQ:DXPE) by 58.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,938 shares of the industrial products company’s stock after selling 5,575 shares during the period. Russell Investments Group Ltd.’s holdings in DXP Enterprises were worth $324,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. CWM LLC increased its stake in DXP Enterprises by 32.2% during the 1st quarter. CWM LLC now owns 1,487 shares of the industrial products company’s stock valued at $122,000 after buying an additional 362 shares during the period. Lazard Asset Management LLC acquired a new position in DXP Enterprises during the 4th quarter valued at about $159,000. Hsbc Holdings PLC acquired a new position in DXP Enterprises during the 4th quarter valued at about $208,000. Janney Montgomery Scott LLC acquired a new position in DXP Enterprises during the 1st quarter valued at about $210,000. Finally, Harbor Capital Advisors Inc. increased its stake in DXP Enterprises by 3,657.9% during the 1st quarter. Harbor Capital Advisors Inc. now owns 2,856 shares of the industrial products company’s stock valued at $235,000 after buying an additional 2,780 shares during the period. Institutional investors and hedge funds own 74.82% of the company’s stock.

Insider Buying and Selling

In other DXP Enterprises news, COO Nicholas Little sold 45,938 shares of the firm’s stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $87.73, for a total value of $4,030,140.74. Following the completion of the transaction, the chief operating officer directly owned 812,328 shares in the company, valued at $71,265,535.44. This trade represents a 5.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP John Jay Jeffery sold 2,000 shares of the firm’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $125.43, for a total transaction of $250,860.00. Following the completion of the transaction, the senior vice president owned 20,008 shares of the company’s stock, valued at approximately $2,509,603.44. The trade was a 9.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 67,337 shares of company stock valued at $6,431,516. Company insiders own 22.40% of the company’s stock.

Analyst Upgrades and Downgrades

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

DXP Enterprises Stock Performance

NASDAQ:DXPE opened at $124.88 on Tuesday. DXP Enterprises, Inc. has a twelve month low of $45.81 and a twelve month high of $127.19. The company has a current ratio of 2.79, a quick ratio of 2.33 and a debt-to-equity ratio of 1.33. The company has a 50-day moving average of $106.01 and a 200-day moving average of $91.85. The firm has a market cap of $1.96 billion, a price-to-earnings ratio of 23.83 and a beta of 1.24.

DXP Enterprises (NASDAQ:DXPE) last posted its quarterly earnings data on Wednesday, August 6th. The industrial products company reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.04. DXP Enterprises had a net margin of 4.52% and a return on equity of 20.94%. The company had revenue of $498.68 million during the quarter, compared to analyst estimates of $499.00 million. Analysts forecast that DXP Enterprises, Inc. will post 4.07 earnings per share for the current fiscal year.

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).