Victory Capital Management Inc. Sells 1,300 Shares of DXP Enterprises, Inc. (NASDAQ:DXPE)

Victory Capital Management Inc. trimmed its position in shares of DXP Enterprises, Inc. (NASDAQ:DXPE) by 5.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,289 shares of the industrial products company’s stock after selling 1,300 shares during the period. Victory Capital Management Inc. owned approximately 0.14% of DXP Enterprises worth $1,189,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Innealta Capital LLC acquired a new position in shares of DXP Enterprises in the second quarter valued at $29,000. Quest Partners LLC raised its stake in shares of DXP Enterprises by 24.8% in the 2nd quarter. Quest Partners LLC now owns 2,109 shares of the industrial products company’s stock valued at $97,000 after buying an additional 419 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings 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 acquiring an additional 1,174 shares during the period. SG Americas Securities LLC bought a new stake in DXP Enterprises in the third quarter valued at about $197,000. Finally, Privium Fund Management UK Ltd bought a new stake in DXP Enterprises in the second quarter valued at about $209,000. 74.82% of the stock is currently owned by institutional investors.

Insider Activity

In other DXP Enterprises news, CMO Paz Maestas sold 2,000 shares of the stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $53.21, for a total transaction of $106,420.00. Following the sale, the chief marketing officer now owns 617,367 shares of the company’s stock, valued at $32,850,098.07. This represents a 0.32 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 22.40% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, Stephens lifted their price objective on DXP Enterprises from $65.00 to $75.00 and gave the company an “overweight” rating in a report on Thursday, November 7th.

DXP Enterprises Stock Performance

DXP Enterprises stock opened at $72.97 on Wednesday. The firm has a market capitalization of $1.15 billion, a P/E ratio of 18.81 and a beta of 1.60. The stock has a fifty day moving average price of $57.37 and a two-hundred day moving average price of $52.17. DXP Enterprises, Inc. has a 52-week low of $28.82 and a 52-week high of $73.76. The company has a debt-to-equity ratio of 1.29, a current ratio of 2.22 and a quick ratio of 1.78.

DXP Enterprises (NASDAQ:DXPE) last announced its earnings results on Monday, November 4th. The industrial products company reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.95 by $0.48. The business had revenue of $472.94 million during the quarter. DXP Enterprises had a net margin of 3.75% and a return on equity of 18.74%. During the same quarter last year, the business earned $0.93 EPS. As a group, analysts anticipate that DXP Enterprises, Inc. will post 3.56 EPS for the current fiscal year.

About DXP Enterprises

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).