DXP Enterprises, Inc. (NASDAQ:DXPE) Shares Purchased by Fmr LLC

Fmr LLC increased its stake in DXP Enterprises, Inc. (NASDAQ:DXPE) by 21.8% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 776,950 shares of the industrial products company’s stock after purchasing an additional 139,027 shares during the period. Fmr LLC owned 4.95% of DXP Enterprises worth $41,458,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. Quest Partners LLC raised its holdings in shares of DXP Enterprises by 24.8% in the second quarter. Quest Partners LLC now owns 2,109 shares of the industrial products company’s stock worth $97,000 after buying an additional 419 shares during the last quarter. Innealta Capital LLC purchased a new position in DXP Enterprises in the 2nd quarter worth $29,000. Federated Hermes Inc. lifted its position in DXP Enterprises by 8.8% during the 2nd quarter. Federated Hermes Inc. now owns 10,962 shares of the industrial products company’s stock worth $502,000 after acquiring an additional 888 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in 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 valued at $189,000 after purchasing an additional 1,174 shares during the last quarter. Finally, Public Sector Pension Investment Board increased its holdings in shares of DXP Enterprises by 4.4% in the second quarter. Public Sector Pension Investment Board now owns 28,735 shares of the industrial products company’s stock valued at $1,317,000 after purchasing an additional 1,208 shares during the period. 74.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

DXP Enterprises Price Performance

NASDAQ:DXPE opened at $76.98 on Friday. The firm’s fifty day moving average is $60.82 and its two-hundred day moving average is $53.45. The firm has a market cap of $1.21 billion, a price-to-earnings ratio of 19.84 and a beta of 1.70. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.78 and a current ratio of 2.22. DXP Enterprises, Inc. has a one year low of $30.08 and a one year high of $77.22.

DXP Enterprises (NASDAQ:DXPE) last issued its earnings results on Monday, November 4th. The industrial products company reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.48. The firm had revenue of $472.94 million for the quarter. DXP Enterprises had a return on equity of 18.74% and a net margin of 3.75%. During the same quarter in the previous year, the company earned $0.93 EPS. Research analysts expect that DXP Enterprises, Inc. will post 4.07 EPS for the current year.

Insider Transactions at DXP Enterprises

In other DXP Enterprises news, CMO Paz Maestas sold 2,000 shares of the company’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $53.21, for a total value of $106,420.00. Following the completion of the transaction, the chief marketing officer now owns 617,367 shares in the company, valued at approximately $32,850,098.07. This represents a 0.32 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Christopher T. Gregory sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $73.10, for a total value of $73,100.00. Following the sale, the insider now owns 29,606 shares in the company, valued at $2,164,198.60. This trade represents a 3.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 22.40% of the company’s stock.

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).