DXP Enterprises, Inc. $DXPE Shares Sold by First Trust Advisors LP

First Trust Advisors LP cut its position in DXP Enterprises, Inc. (NASDAQ:DXPE) by 7.3% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 345,354 shares of the industrial products company’s stock after selling 27,139 shares during the quarter. First Trust Advisors LP owned approximately 2.20% of DXP Enterprises worth $30,270,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Wellington Management Group LLP lifted its stake in DXP Enterprises by 13.3% in the first quarter. Wellington Management Group LLP now owns 931,004 shares of the industrial products company’s stock valued at $76,584,000 after buying an additional 109,151 shares during the last quarter. American Century Companies Inc. boosted its stake in 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 worth $49,278,000 after purchasing an additional 110,482 shares during the period. Geode Capital Management LLC grew its position in DXP Enterprises by 2.9% during the 2nd 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. increased its stake in DXP Enterprises by 22.6% in the first quarter. Invesco Ltd. now owns 280,430 shares of the industrial products company’s stock valued at $23,068,000 after purchasing an additional 51,664 shares during the period. Finally, Millennium Management LLC raised its holdings in shares of DXP Enterprises by 661.5% in the first quarter. Millennium Management LLC now owns 128,956 shares of the industrial products company’s stock valued at $10,608,000 after buying an additional 112,021 shares during the last quarter. Hedge funds and other institutional investors own 74.82% of the company’s stock.

DXP Enterprises Stock Performance

Shares of DXPE opened at $104.35 on Thursday. The company has a quick ratio of 2.36, a current ratio of 2.77 and a debt-to-equity ratio of 1.27. DXP Enterprises, Inc. has a 52-week low of $67.68 and a 52-week high of $130.97. The company has a 50-day simple moving average of $107.57 and a 200-day simple moving average of $104.93. The company has a market capitalization of $1.64 billion, a PE ratio of 19.76 and a beta of 1.01.

DXP Enterprises (NASDAQ:DXPE) last issued its earnings results on Thursday, November 6th. The industrial products company reported $1.34 earnings per share for the quarter, missing the consensus estimate of $1.45 by ($0.11). DXP Enterprises had a return on equity of 19.62% and a net margin of 4.45%.The company had revenue of $513.72 million for the quarter, compared to analyst estimates of $499.00 million. Equities research analysts predict that DXP Enterprises, Inc. will post 4.07 earnings per share for the current fiscal year.

Insider Activity at DXP Enterprises

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

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on DXPE shares. Wall Street Zen lowered DXP Enterprises from a “buy” rating to a “hold” rating in a report on Saturday, November 15th. Singular Research upgraded DXP Enterprises to a “moderate buy” rating in a research note on Tuesday, September 9th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of DXP Enterprises in a research note on Wednesday, October 8th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company has an average 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).