DXP Enterprises, Inc. $DXPE Shares Sold by Boston Partners

Boston Partners trimmed its position in DXP Enterprises, Inc. (NASDAQ:DXPE) by 1.5% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 67,476 shares of the industrial products company’s stock after selling 1,061 shares during the period. Boston Partners owned 0.43% of DXP Enterprises worth $5,914,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wellington Management Group LLP lifted its holdings in DXP Enterprises by 13.3% during the 1st quarter. Wellington Management Group LLP now owns 931,004 shares of the industrial products company’s stock worth $76,584,000 after buying an additional 109,151 shares during the last quarter. American Century Companies Inc. raised its position in shares of DXP Enterprises by 24.5% during the 2nd quarter. American Century Companies Inc. now owns 562,210 shares of the industrial products company’s stock valued at $49,278,000 after acquiring an additional 110,482 shares in the last quarter. Geode Capital Management LLC lifted its stake in DXP Enterprises by 2.9% during the second quarter. Geode Capital Management LLC now owns 329,543 shares of the industrial products company’s stock worth $28,888,000 after purchasing an additional 9,216 shares during the last quarter. Invesco Ltd. boosted its holdings in DXP Enterprises by 22.6% in the first quarter. Invesco Ltd. now owns 280,430 shares of the industrial products company’s stock worth $23,068,000 after purchasing an additional 51,664 shares during the period. Finally, Millennium Management LLC increased its stake in DXP Enterprises by 661.5% during the first quarter. Millennium Management LLC now owns 128,956 shares of the industrial products company’s stock valued at $10,608,000 after purchasing an additional 112,021 shares during the last quarter. 74.82% of the stock is owned by institutional investors.

DXP Enterprises Stock Down 0.2%

DXPE stock opened at $93.96 on Friday. The firm’s 50-day moving average is $110.99 and its two-hundred day moving average is $104.23. The company has a market capitalization of $1.47 billion, a price-to-earnings ratio of 17.93 and a beta of 1.15. DXP Enterprises, Inc. has a 52 week low of $67.68 and a 52 week high of $130.97. The company has a current ratio of 2.79, a quick ratio of 2.33 and a debt-to-equity ratio of 1.33.

DXP Enterprises (NASDAQ:DXPE) last posted its quarterly earnings data on Thursday, November 6th. The industrial products company reported $1.34 EPS for the quarter, missing analysts’ consensus estimates of $1.45 by ($0.11). The company had revenue of $513.72 million for the quarter, compared to analyst estimates of $499.00 million. DXP Enterprises had a net margin of 4.52% and a return on equity of 20.94%. On average, analysts forecast that DXP Enterprises, Inc. will post 4.07 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Christopher T. Gregory sold 4,477 shares of the company’s stock in a transaction on Thursday, September 25th. The stock was sold at an average price of $119.76, for a total value of $536,165.52. Following the completion of the sale, the insider owned 19,959 shares in the company, valued at $2,390,289.84. This represents a 18.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, COO Nicholas Little sold 20,440 shares of DXP Enterprises stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $118.53, for a total value of $2,422,753.20. Following the transaction, the chief operating officer directly owned 791,888 shares in the company, valued at approximately $93,862,484.64. The trade was a 2.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 22.70% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on DXPE. Singular Research upgraded shares of DXP Enterprises to a “moderate buy” rating in a research report on Tuesday, September 9th. Weiss Ratings reissued a “buy (b)” rating on shares of DXP Enterprises in a report on Wednesday, October 8th. Finally, Wall Street Zen downgraded DXP Enterprises from a “buy” rating to a “hold” rating in a research note on Saturday, November 15th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target 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).