Thrivent Financial for Lutherans Cuts Holdings in DXP Enterprises, Inc. (NASDAQ:DXPE)

Thrivent Financial for Lutherans reduced its holdings in shares of DXP Enterprises, Inc. (NASDAQ:DXPE) by 7.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,043 shares of the industrial products company’s stock after selling 800 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.06% of DXP Enterprises worth $536,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Innealta Capital LLC acquired a new position in shares of DXP Enterprises during the 2nd quarter worth about $29,000. Quest Partners LLC boosted its position in shares of DXP Enterprises by 24.8% during the 2nd quarter. Quest Partners LLC now owns 2,109 shares of the industrial products company’s stock worth $97,000 after acquiring an additional 419 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted 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 acquiring an additional 1,174 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of DXP Enterprises during the 3rd quarter worth about $197,000. Finally, Privium Fund Management UK Ltd acquired a new position in shares of DXP Enterprises during the 2nd quarter worth about $209,000. 74.82% of the stock is owned by institutional investors and hedge funds.

Insider Activity at DXP Enterprises

In other DXP Enterprises news, CMO Paz Maestas sold 2,000 shares of the stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $53.21, for a total transaction of $106,420.00. Following the completion of the sale, the chief marketing officer now directly owns 617,367 shares of the company’s stock, valued at approximately $32,850,098.07. This trade represents a 0.32 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 22.40% of the company’s stock.

DXP Enterprises Stock Up 0.8 %

Shares of NASDAQ DXPE opened at $74.24 on Thursday. The stock has a market cap of $1.16 billion, a PE ratio of 19.13 and a beta of 1.70. The company has a quick ratio of 1.78, a current ratio of 2.22 and a debt-to-equity ratio of 1.29. DXP Enterprises, Inc. has a 52-week low of $30.02 and a 52-week high of $74.41. The business has a 50-day moving average price of $59.87 and a 200 day moving average price of $53.10.

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, beating analysts’ consensus estimates of $0.95 by $0.48. The firm had revenue of $472.94 million during the quarter. DXP Enterprises had a return on equity of 18.74% and a net margin of 3.75%. During the same period last year, the company earned $0.93 earnings per share. Equities research analysts forecast that DXP Enterprises, Inc. will post 3.56 earnings per share for the current year.

Analysts Set New Price Targets

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

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).