Harbor Capital Advisors Inc. Boosts Stake in DXP Enterprises, Inc. $DXPE

Harbor Capital Advisors Inc. raised its position in DXP Enterprises, Inc. (NASDAQ:DXPE) by 37.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,939 shares of the industrial products company’s stock after buying an additional 1,083 shares during the period. Harbor Capital Advisors Inc.’s holdings in DXP Enterprises were worth $345,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of DXPE. Bank of America Corp DE raised its stake in shares of DXP Enterprises by 26.6% in the 4th quarter. Bank of America Corp DE now owns 22,695 shares of the industrial products company’s stock valued at $1,875,000 after purchasing an additional 4,762 shares in the last quarter. Lazard Asset Management LLC acquired a new stake in shares of DXP Enterprises in the 4th quarter valued at about $159,000. ProShare Advisors LLC acquired a new stake in shares of DXP Enterprises in the 4th quarter valued at about $311,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of DXP Enterprises by 14.9% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 33,293 shares of the industrial products company’s stock valued at $2,751,000 after purchasing an additional 4,321 shares in the last quarter. Finally, Wellington Management Group LLP acquired a new stake in shares of DXP Enterprises in the 4th quarter valued at about $67,901,000. Institutional investors and hedge funds own 74.82% of the company’s stock.

Insider Buying and Selling

In other DXP Enterprises news, Director Karen Hoffman sold 2,399 shares of the stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $125.00, for a total value of $299,875.00. Following the completion of the sale, the director owned 4,787 shares in the company, valued at $598,375. This represents a 33.38% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP John Jay Jeffery sold 2,000 shares of the stock in a transaction that occurred on 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 sale, 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 position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 64,337 shares of company stock worth $6,194,246. Insiders own 22.70% of the company’s stock.

DXP Enterprises Stock Down 1.8%

Shares of NASDAQ:DXPE opened at $116.12 on Friday. DXP Enterprises, Inc. has a 52 week low of $48.45 and a 52 week high of $129.56. The company has a debt-to-equity ratio of 1.33, a quick ratio of 2.33 and a current ratio of 2.79. The company has a market cap of $1.82 billion, a PE ratio of 22.16 and a beta of 1.24. The firm has a 50 day simple moving average of $114.32 and a 200 day simple moving average of $94.44.

DXP Enterprises (NASDAQ:DXPE) last released its earnings results on Wednesday, August 6th. The industrial products company reported $1.43 earnings per share (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 company had revenue of $498.68 million during the quarter, compared to the consensus estimate of $499.00 million. As a group, research analysts expect that DXP Enterprises, Inc. will post 4.07 earnings per share for the current year.

Wall Street Analysts Forecast Growth

DXPE has been the topic of a number of recent analyst reports. Singular Research upgraded shares of DXP Enterprises to a “moderate buy” rating in a research note on Tuesday, September 9th. Wall Street Zen lowered shares of DXP Enterprises from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 13th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, DXP Enterprises presently has an average rating of “Buy” and a consensus target price of $95.00.

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).