Victory Capital Management Inc. Lowers Holdings in DXP Enterprises, Inc. (NASDAQ:DXPE)

Victory Capital Management Inc. reduced its stake in shares of DXP Enterprises, Inc. (NASDAQ:DXPE) by 10.7% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 23,589 shares of the industrial products company’s stock after selling 2,814 shares during the period. Victory Capital Management Inc. owned approximately 0.15% of DXP Enterprises worth $1,081,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Innealta Capital LLC acquired a new stake in DXP Enterprises in the 2nd quarter valued at $29,000. Quest Partners LLC acquired a new position in shares of DXP Enterprises during the 4th quarter worth about $80,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of DXP Enterprises by 39.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,113 shares of the industrial products company’s stock worth $189,000 after purchasing an additional 1,174 shares during the last quarter. Privium Fund Management UK Ltd acquired a new stake in DXP Enterprises in the 2nd quarter worth about $209,000. Finally, Maryland State Retirement & Pension System purchased a new stake in DXP Enterprises during the 1st quarter worth approximately $244,000. Hedge funds and other institutional investors own 74.82% of the company’s stock.

DXP Enterprises Price Performance

NASDAQ:DXPE opened at $52.75 on Friday. The firm has a market cap of $840.20 million, a P/E ratio of 14.65 and a beta of 1.59. The stock has a 50 day moving average of $51.02 and a two-hundred day moving average of $49.94. DXP Enterprises, Inc. has a 12 month low of $28.82 and a 12 month high of $57.38. The company has a current ratio of 2.39, a quick ratio of 1.92 and a debt-to-equity ratio of 1.35.

DXP Enterprises (NASDAQ:DXPE) last posted its quarterly earnings data on Thursday, August 8th. The industrial products company reported $1.02 EPS for the quarter. The firm had revenue of $445.56 million during the quarter. DXP Enterprises had a return on equity of 17.22% and a net margin of 3.57%. On average, analysts expect that DXP Enterprises, Inc. will post 3.56 earnings per share for the current fiscal year.

Insider Transactions at DXP Enterprises

In other DXP Enterprises news, CMO Paz Maestas sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $53.21, for a total value of $106,420.00. Following the transaction, the chief marketing officer now directly owns 617,367 shares of the company’s stock, valued at approximately $32,850,098.07. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 22.10% of the company’s stock.

DXP Enterprises Profile

DXP Enterprises, Inc, together with its subsidiaries, engages in distributing maintenance, repair, and operating (MRO) products, equipment, and services in the United States and Canada. It operates through three segments: Service Centers (SC), Supply Chain Services (SCS), and Innovative Pumping Solutions (IPS).