Wells Fargo & Company MN grew its holdings in DXP Enterprises Inc (NASDAQ:DXPE) by 45.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 83,759 shares of the industrial products company’s stock after purchasing an additional 26,242 shares during the quarter. Wells Fargo & Company MN owned 0.48% of DXP Enterprises worth $2,638,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of DXP Enterprises by 6.1% in the second quarter. Vanguard Group Inc. now owns 826,254 shares of the industrial products company’s stock valued at $28,505,000 after purchasing an additional 47,508 shares during the period. Hancock Holding Co. lifted its stake in DXP Enterprises by 7.7% in the second quarter. Hancock Holding Co. now owns 306,441 shares of the industrial products company’s stock worth $10,572,000 after acquiring an additional 22,017 shares during the last quarter. State Street Corp lifted its stake in DXP Enterprises by 7.2% in the second quarter. State Street Corp now owns 361,462 shares of the industrial products company’s stock worth $12,471,000 after acquiring an additional 24,399 shares during the last quarter. Chicago Equity Partners LLC lifted its stake in DXP Enterprises by 8.9% in the third quarter. Chicago Equity Partners LLC now owns 50,015 shares of the industrial products company’s stock worth $1,575,000 after acquiring an additional 4,090 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in DXP Enterprises by 6.5% in the second quarter. Northern Trust Corp now owns 198,576 shares of the industrial products company’s stock worth $6,851,000 after acquiring an additional 12,139 shares during the last quarter. 74.25% of the stock is owned by institutional investors and hedge funds.
A number of brokerages recently issued reports on DXPE. Zacks Investment Research downgraded shares of DXP Enterprises from a “hold” rating to a “sell” rating in a research note on Tuesday, October 31st. BidaskClub upgraded shares of DXP Enterprises from a “hold” rating to a “buy” rating in a research note on Wednesday, January 3rd. One analyst has rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $42.00.
DXP Enterprises Inc (NASDAQ DXPE) opened at $33.10 on Friday. DXP Enterprises Inc has a 12 month low of $24.86 and a 12 month high of $42.00. The company has a quick ratio of 1.79, a current ratio of 2.51 and a debt-to-equity ratio of 0.91. The stock has a market cap of $575.68, a P/E ratio of 33.78 and a beta of 2.65.
DXP Enterprises (NASDAQ:DXPE) last issued its quarterly earnings results on Thursday, November 2nd. The industrial products company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.06). DXP Enterprises had a return on equity of 6.87% and a net margin of 1.83%. The firm had revenue of $251.90 million during the quarter, compared to analysts’ expectations of $250.42 million. During the same quarter in the prior year, the firm earned $0.02 EPS. The firm’s revenue was up 9.5% compared to the same quarter last year. equities research analysts forecast that DXP Enterprises Inc will post 0.67 EPS for the current fiscal year.
In related news, insider Kent Nee Hung Yee sold 2,200 shares of DXP Enterprises stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of $29.69, for a total value of $65,318.00. Following the completion of the transaction, the insider now owns 40,984 shares in the company, valued at $1,216,814.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Todd Hamlin sold 2,500 shares of the business’s stock in a transaction that occurred on Saturday, December 29th. The stock was sold at an average price of $29.68, for a total transaction of $74,200.00. Following the sale, the vice president now owns 23,446 shares of the company’s stock, valued at approximately $695,877.28. The disclosure for this sale can be found here. Insiders sold 34,200 shares of company stock valued at $1,010,218 in the last quarter. 11.30% of the stock is owned by insiders.
About DXP Enterprises
DXP Enterprises, Inc (DXP) is engaged in the business of distributing maintenance, repair and operating (MRO) products, equipment and service to industrial customers. The Company operates through three segments: Service Centers, Supply Chain Services and Innovative Pumping Solutions. The Service Centers segment provides MRO products, equipment and services, including technical expertise and logistics capabilities to industrial customers.
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