DXP Enterprises, Inc. (NASDAQ:DXPE) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets lowered its position in DXP Enterprises, Inc. (NASDAQ:DXPE) by 29.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,490 shares of the industrial products company’s stock after selling 4,778 shares during the period. BNP Paribas Financial Markets owned approximately 0.07% of DXP Enterprises worth $613,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Assenagon Asset Management S.A. purchased a new stake in shares of DXP Enterprises in the second quarter valued at about $1,741,000. Allspring Global Investments Holdings LLC raised its holdings in shares of DXP Enterprises by 781.0% in the second quarter. Allspring Global Investments Holdings LLC now owns 7,242 shares of the industrial products company’s stock worth $332,000 after acquiring an additional 6,420 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of DXP Enterprises by 39.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,113 shares of the industrial products company’s stock valued at $189,000 after acquiring an additional 1,174 shares in the last quarter. Innealta Capital LLC acquired a new stake in shares of DXP Enterprises during the second quarter valued at $29,000. Finally, Privium Fund Management UK Ltd purchased a new stake in DXP Enterprises during the 2nd quarter worth about $209,000. 74.82% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at DXP Enterprises

In other DXP Enterprises news, insider Christopher T. Gregory sold 1,000 shares of DXP Enterprises stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $73.10, for a total transaction of $73,100.00. Following the completion of the sale, the insider now owns 29,606 shares of the company’s stock, valued at $2,164,198.60. This trade represents a 3.27 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CMO Paz Maestas sold 2,000 shares of the firm’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 sale, the chief marketing officer now directly owns 617,367 shares of the company’s stock, valued at $32,850,098.07. This trade represents a 0.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 22.40% of the stock is currently owned by corporate insiders.

DXP Enterprises Price Performance

DXPE stock opened at $80.58 on Friday. The company has a market capitalization of $1.26 billion, a PE ratio of 20.77 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. The stock’s 50 day moving average is $62.99 and its two-hundred day moving average is $54.23. DXP Enterprises, Inc. has a 52-week low of $30.08 and a 52-week high of $82.33.

DXP Enterprises (NASDAQ:DXPE) last posted its quarterly earnings results on Monday, November 4th. The industrial products company reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.48. DXP Enterprises had a return on equity of 18.74% and a net margin of 3.75%. The business had revenue of $472.94 million for the quarter. During the same period in the prior year, the company posted $0.93 earnings per share. Analysts predict that DXP Enterprises, Inc. will post 4.07 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

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).