DXP Enterprises, Inc. $DXPE Shares Purchased by Rezny Wealth Management Inc.

Rezny Wealth Management Inc. raised its position in DXP Enterprises, Inc. (NASDAQ:DXPE) by 1.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,803 shares of the industrial products company’s stock after purchasing an additional 215 shares during the period. Rezny Wealth Management Inc. owned about 0.11% of DXP Enterprises worth $1,560,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of DXPE. State of Alaska Department of Revenue raised its position in shares of DXP Enterprises by 7.4% in the second quarter. State of Alaska Department of Revenue now owns 7,566 shares of the industrial products company’s stock valued at $663,000 after buying an additional 521 shares during the last quarter. GAMMA Investing LLC grew its stake in DXP Enterprises by 24.3% in the 2nd quarter. GAMMA Investing LLC now owns 634 shares of the industrial products company’s stock worth $56,000 after acquiring an additional 124 shares during the period. Assenagon Asset Management S.A. raised its holdings in DXP Enterprises by 46.2% in the 2nd quarter. Assenagon Asset Management S.A. now owns 21,741 shares of the industrial products company’s stock valued at $1,906,000 after acquiring an additional 6,871 shares during the last quarter. Harbor Capital Advisors Inc. lifted its stake in shares of DXP Enterprises by 37.9% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 3,939 shares of the industrial products company’s stock worth $345,000 after purchasing an additional 1,083 shares during the period. Finally, Voya Investment Management LLC lifted its stake in shares of DXP Enterprises by 15.0% during the 1st quarter. Voya Investment Management LLC now owns 19,636 shares of the industrial products company’s stock worth $1,615,000 after purchasing an additional 2,568 shares during the period. 74.82% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on DXPE. Singular Research upgraded DXP Enterprises to a “moderate buy” rating in a research note on Tuesday, September 9th. Wall Street Zen lowered 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, the company currently has a consensus rating of “Buy” and a consensus target price of $95.00.

Insider Activity at DXP Enterprises

In other news, COO Nicholas Little sold 20,440 shares of the stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $118.53, for a total value of $2,422,753.20. Following the completion of the sale, the chief operating officer owned 791,888 shares of the company’s stock, valued at $93,862,484.64. This represents a 2.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CMO Paz Maestas sold 5,000 shares of the firm’s 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 transaction, the chief marketing officer directly owned 600,737 shares in the company, valued at approximately $72,154,521.07. This represents a 0.83% decrease in their position. The disclosure for this sale can be found here. Insiders sold 87,254 shares of company stock valued at $8,990,844 over the last quarter. Company insiders own 22.70% of the company’s stock.

DXP Enterprises Stock Performance

Shares of NASDAQ:DXPE opened at $121.97 on Friday. The business has a 50-day moving average of $116.40 and a two-hundred day moving average of $95.77. The firm has a market capitalization of $1.91 billion, a PE ratio of 23.28 and a beta of 1.24. The company has a debt-to-equity ratio of 1.33, a current ratio of 2.79 and a quick ratio of 2.33. DXP Enterprises, Inc. has a 12 month low of $48.45 and a 12 month high of $129.56.

DXP Enterprises (NASDAQ:DXPE) last released 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 return on equity of 20.94% and a net margin of 4.52%.The business had revenue of $498.68 million for the quarter, compared to analyst estimates of $499.00 million. As a group, research analysts forecast that DXP Enterprises, Inc. will post 4.07 earnings per share for the current year.

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).