DXP Enterprises, Inc. $DXPE Shares Sold by American Century Companies Inc.

American Century Companies Inc. trimmed its position in DXP Enterprises, Inc. (NASDAQ:DXPE) by 54.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 254,248 shares of the industrial products company’s stock after selling 307,962 shares during the quarter. American Century Companies Inc. owned about 1.62% of DXP Enterprises worth $30,273,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have 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 valued at $417,000 after buying an additional 1,153 shares during the last quarter. Millennium Management LLC lifted its stake in DXP Enterprises by 661.5% during the 1st quarter. Millennium Management LLC now owns 128,956 shares of the industrial products company’s stock valued at $10,608,000 after acquiring an additional 112,021 shares during the period. Jane Street Group LLC lifted its stake in 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 valued at $4,850,000 after acquiring an additional 47,909 shares during the period. Envestnet Asset Management Inc. boosted its holdings in shares of DXP Enterprises by 23.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 21,345 shares of the industrial products company’s stock valued at $1,871,000 after acquiring an additional 4,087 shares during the last quarter. Finally, Savant Capital LLC increased its stake in shares of DXP Enterprises by 10.6% in the second quarter. Savant Capital LLC now owns 3,510 shares of the industrial products company’s stock worth $308,000 after acquiring an additional 336 shares during the period. Institutional investors and hedge funds own 74.82% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on DXPE shares. Loop Capital set a $154.00 target price on shares of DXP Enterprises in a report on Monday, March 2nd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of DXP Enterprises in a report on Monday, December 29th. Finally, Wall Street Zen lowered DXP Enterprises from a “buy” rating to a “hold” rating in a research note on Saturday, November 15th. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $124.50.

DXP Enterprises Price Performance

Shares of NASDAQ DXPE opened at $135.34 on Friday. The company has a debt-to-equity ratio of 1.64, a current ratio of 3.34 and a quick ratio of 2.94. The stock has a market capitalization of $2.10 billion, a price-to-earnings ratio of 25.16 and a beta of 0.96. The firm’s 50 day simple moving average is $132.04 and its 200-day simple moving average is $119.24. DXP Enterprises, Inc. has a 12 month low of $67.68 and a 12 month high of $171.70.

DXP Enterprises (NASDAQ:DXPE) last posted its earnings results on Wednesday, February 25th. The industrial products company reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.48. DXP Enterprises had a net margin of 4.40% and a return on equity of 18.83%. The firm had revenue of $527.39 million during the quarter, compared to analysts’ expectations of $499.00 million. 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.