Vanguard Group Inc. Increases Stock Holdings in DXP Enterprises, Inc. $DXPE

Vanguard Group Inc. increased its holdings in shares of DXP Enterprises, Inc. (NASDAQ:DXPE) by 1.9% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 964,360 shares of the industrial products company’s stock after acquiring an additional 18,414 shares during the period. Vanguard Group Inc. owned 0.06% of DXP Enterprises worth $105,877,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. CANADA LIFE ASSURANCE Co lifted its position in shares of DXP Enterprises by 0.9% during the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 10,857 shares of the industrial products company’s stock valued at $950,000 after buying an additional 100 shares in the last quarter. Private Advisor Group LLC lifted its position in shares of DXP Enterprises by 1.2% during the 3rd quarter. Private Advisor Group LLC now owns 10,247 shares of the industrial products company’s stock valued at $1,220,000 after buying an additional 122 shares in the last quarter. Amalgamated Bank lifted its position in shares of DXP Enterprises by 3.5% during the 3rd quarter. Amalgamated Bank now owns 3,749 shares of the industrial products company’s stock valued at $446,000 after buying an additional 128 shares in the last quarter. Federated Hermes Inc. lifted its position in shares of DXP Enterprises by 1.4% during the 3rd quarter. Federated Hermes Inc. now owns 12,726 shares of the industrial products company’s stock valued at $1,515,000 after buying an additional 179 shares in the last quarter. Finally, Franklin Resources Inc. lifted its position in shares of DXP Enterprises by 2.0% during the 3rd quarter. Franklin Resources Inc. now owns 9,228 shares of the industrial products company’s stock valued at $1,099,000 after buying an additional 185 shares in the last quarter. Hedge funds and other institutional investors own 74.82% of the company’s stock.

DXP Enterprises Trading Down 3.6%

Shares of DXPE stock opened at $143.79 on Wednesday. The stock’s fifty day moving average is $147.92 and its two-hundred day moving average is $128.25. The company has a debt-to-equity ratio of 1.60, a quick ratio of 2.56 and a current ratio of 2.98. The firm has a market capitalization of $2.23 billion, a P/E ratio of 26.88 and a beta of 1.07. DXP Enterprises, Inc. has a fifty-two week low of $75.58 and a fifty-two week high of $183.91.

DXP Enterprises (NASDAQ:DXPE) last announced its quarterly earnings data on Thursday, May 7th. The industrial products company reported $1.26 earnings per share for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.12). The firm had revenue of $521.66 million during the quarter, compared to analysts’ expectations of $531.00 million. DXP Enterprises had a net margin of 4.27% and a return on equity of 18.16%. Research analysts expect that DXP Enterprises, Inc. will post 6.2 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on DXPE. Freedom Capital lowered DXP Enterprises from a “strong-buy” rating to a “hold” rating in a research report on Monday. Zacks Research lowered DXP Enterprises from a “strong-buy” rating to a “hold” rating in a research report on Monday. Loop Capital set a $154.00 target price on DXP Enterprises in a research report on Monday, March 2nd. Finally, Wall Street Zen upgraded DXP Enterprises from a “hold” rating to a “buy” rating in a research report on Saturday, March 28th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $154.00.

Insiders Place Their Bets

In other DXP Enterprises news, Director Joseph R. Mannes sold 1,500 shares of the firm’s stock in a transaction on Monday, March 9th. The stock was sold at an average price of $137.95, for a total value of $206,925.00. Following the transaction, the director owned 13,964 shares in the company, valued at approximately $1,926,333.80. This trade represents a 9.70% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 22.40% of the company’s stock.

DXP Enterprises 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.