SG Americas Securities LLC Has $523,000 Stock Position in DXP Enterprises, Inc. $DXPE

SG Americas Securities LLC lowered its position in DXP Enterprises, Inc. (NASDAQ:DXPE) by 75.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,741 shares of the industrial products company’s stock after selling 11,402 shares during the quarter. SG Americas Securities LLC’s holdings in DXP Enterprises were worth $523,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. Wasatch Advisors LP increased its position in shares of DXP Enterprises by 480.2% during the fourth quarter. Wasatch Advisors LP now owns 754,706 shares of the industrial products company’s stock valued at $82,859,000 after purchasing an additional 624,638 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in DXP Enterprises by 12,369,100.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 371,076 shares of the industrial products company’s stock worth $40,785,000 after purchasing an additional 371,073 shares during the period. Wellington Management Group LLP boosted its stake in DXP Enterprises by 12.7% during the fourth quarter. Wellington Management Group LLP now owns 1,219,299 shares of the industrial products company’s stock worth $133,867,000 after buying an additional 137,577 shares in the last quarter. Millennium Management LLC boosted its stake in DXP Enterprises by 661.5% during the first quarter. Millennium Management LLC now owns 128,956 shares of the industrial products company’s stock worth $10,608,000 after buying an additional 112,021 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in DXP Enterprises by 41.6% in the 3rd quarter. Invesco Ltd. now owns 250,790 shares of the industrial products company’s stock valued at $29,862,000 after buying an additional 73,653 shares during the period. Institutional investors and hedge funds own 74.82% of the company’s stock.

DXP Enterprises Price Performance

DXPE opened at $155.29 on Wednesday. The company has a debt-to-equity ratio of 1.60, a current ratio of 2.98 and a quick ratio of 2.56. The stock has a market capitalization of $2.41 billion, a P/E ratio of 29.03 and a beta of 0.97. The company’s 50 day simple moving average is $158.77 and its 200-day simple moving average is $143.64. DXP Enterprises, Inc. has a one year low of $84.04 and a one year high of $183.91.

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

Wall Street Analyst Weigh In

DXPE has been the subject of a number of analyst reports. Zacks Research downgraded shares of DXP Enterprises from a “strong-buy” rating to a “hold” rating in a report on Monday, May 11th. Wall Street Zen cut shares of DXP Enterprises from a “buy” rating to a “hold” rating in a research note on Saturday, June 6th. Freedom Capital cut shares of DXP Enterprises from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 11th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of DXP Enterprises in a report on Friday, May 22nd. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $154.00.

Insiders Place Their Bets

In other news, CMO Paz Maestas sold 10,000 shares of the business’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $164.37, for a total transaction of $1,643,700.00. Following the completion of the sale, the chief marketing officer owned 590,262 shares in the company, valued at $97,021,364.94. The trade was a 1.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Timothy P. Halter sold 6,842 shares of the firm’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $141.59, for a total value of $968,758.78. Following the completion of the transaction, the director owned 30,000 shares in the company, valued at approximately $4,247,700. This represents a 18.57% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 22.00% 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.