HHM Wealth Advisors LLC Sells 4,800 Shares of DXP Enterprises, Inc. $DXPE

HHM Wealth Advisors LLC lessened its holdings in DXP Enterprises, Inc. (NASDAQ:DXPE) by 33.4% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,578 shares of the industrial products company’s stock after selling 4,800 shares during the period. HHM Wealth Advisors LLC owned approximately 0.06% of DXP Enterprises worth $1,140,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Royal Bank of Canada boosted its position in DXP Enterprises by 29.4% in the first quarter. Royal Bank of Canada now owns 5,071 shares of the industrial products company’s stock worth $417,000 after purchasing an additional 1,153 shares during the last quarter. Millennium Management LLC raised its stake in shares of DXP Enterprises by 661.5% during the 1st quarter. Millennium Management LLC now owns 128,956 shares of the industrial products company’s stock worth $10,608,000 after purchasing an additional 112,021 shares during the period. Jane Street Group LLC raised its stake in shares of DXP Enterprises by 433.8% during the 1st quarter. Jane Street Group LLC now owns 58,954 shares of the industrial products company’s stock worth $4,850,000 after purchasing an additional 47,909 shares during the period. Strs Ohio purchased a new position in shares of DXP Enterprises in the 1st quarter worth about $494,000. Finally, Voya Investment Management LLC grew its position in DXP Enterprises by 15.0% during the first quarter. Voya Investment Management LLC now owns 19,636 shares of the industrial products company’s stock valued at $1,615,000 after buying an additional 2,568 shares during the period. 74.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

DXPE has been the topic of several research reports. Wall Street Zen lowered shares of DXP Enterprises from a “buy” rating to a “hold” rating in a research report on Saturday, November 15th. Weiss Ratings restated a “buy (b-)” rating on shares of DXP Enterprises in a research note on Monday, December 29th. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $95.00.

DXP Enterprises Price Performance

DXPE opened at $123.94 on Monday. The company has a market capitalization of $1.94 billion, a price-to-earnings ratio of 23.47 and a beta of 0.99. The company has a quick ratio of 2.36, a current ratio of 2.77 and a debt-to-equity ratio of 1.27. The firm has a 50-day moving average price of $103.79 and a 200-day moving average price of $110.71. DXP Enterprises, Inc. has a twelve month low of $67.68 and a twelve month high of $130.97.

DXP Enterprises (NASDAQ:DXPE) last announced its quarterly earnings results 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). DXP Enterprises had a net margin of 4.45% and a return on equity of 19.62%. The business had revenue of $513.72 million for the quarter, compared to analysts’ expectations of $499.00 million. Equities analysts expect that DXP Enterprises, Inc. will post 4.07 EPS for the current year.

DXP Enterprises Company Profile

DXP Enterprises, Inc is a Houston, Texas–based industrial products and services distributor serving customers across North America. The company provides a broad portfolio of maintenance, repair and operations (MRO) supplies, including fluid power components, safety products, mechanical power transmission parts, and instrumentation. DXP’s product offering spans well-recognized private brands as well as equipment and parts from leading global manufacturers, enabling clients in energy, heavy industrial and manufacturing sectors to source critical components from a single supplier.

Through its network of service centers and specialized repair facilities, DXP delivers inventory management programs, turnkey fluid power rebuilds and custom assembly solutions.