Allspring Global Investments Holdings LLC Sells 501 Shares of DXP Enterprises, Inc. (NASDAQ:DXPE)

Allspring Global Investments Holdings LLC lessened its stake in shares of DXP Enterprises, Inc. (NASDAQ:DXPE) by 6.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 6,741 shares of the industrial products company’s stock after selling 501 shares during the period. Allspring Global Investments Holdings LLC’s holdings in DXP Enterprises were worth $360,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. LSV Asset Management grew its holdings in DXP Enterprises by 59.4% during the first quarter. LSV Asset Management now owns 55,484 shares of the industrial products company’s stock valued at $2,981,000 after purchasing an additional 20,684 shares during the period. Renaissance Technologies LLC grew its holdings in DXP Enterprises by 125.3% during the second quarter. Renaissance Technologies LLC now owns 111,300 shares of the industrial products company’s stock valued at $5,102,000 after purchasing an additional 61,900 shares during the period. Assenagon Asset Management S.A. bought a new stake in DXP Enterprises during the second quarter valued at about $1,741,000. Maryland State Retirement & Pension System bought a new stake in DXP Enterprises during the first quarter valued at about $244,000. Finally, Innealta Capital LLC bought a new stake in DXP Enterprises during the second quarter valued at about $29,000. Institutional investors own 74.82% of the company’s stock.

Insider Activity

In other news, CMO Paz Maestas sold 2,000 shares of the business’s stock in a transaction dated Thursday, September 19th. The stock was 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 in the company, valued at $32,850,098.07. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 22.40% of the company’s stock.

DXP Enterprises Stock Performance

NASDAQ:DXPE opened at $50.35 on Friday. The stock has a 50-day simple moving average of $51.67 and a two-hundred day simple moving average of $50.15. DXP Enterprises, Inc. has a 52-week low of $28.82 and a 52-week high of $57.38. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.92 and a current ratio of 2.39. The firm has a market capitalization of $795.03 million, a PE ratio of 14.22 and a beta of 1.59.

DXP Enterprises (NASDAQ:DXPE) last announced its quarterly earnings data on Thursday, August 8th. The industrial products company reported $1.02 EPS for the quarter. DXP Enterprises had a return on equity of 17.22% and a net margin of 3.57%. The business had revenue of $445.56 million for the quarter. Analysts forecast that DXP Enterprises, Inc. will post 3.56 EPS for the current year.

DXP Enterprises Company 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).