SG Americas Securities LLC Sells 1,165 Shares of DXP Enterprises, Inc. (NASDAQ:DXPE)

SG Americas Securities LLC lowered its position in DXP Enterprises, Inc. (NASDAQ:DXPE) by 31.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,534 shares of the industrial products company’s stock after selling 1,165 shares during the period. SG Americas Securities LLC’s holdings in DXP Enterprises were worth $209,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. FMR LLC lifted its position in shares of DXP Enterprises by 21.8% in the third quarter. FMR LLC now owns 776,950 shares of the industrial products company’s stock worth $41,458,000 after buying an additional 139,027 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in DXP Enterprises by 193.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 98,044 shares of the industrial products company’s stock worth $5,232,000 after purchasing an additional 64,611 shares during the last quarter. Hotchkis & Wiley Capital Management LLC bought a new stake in DXP Enterprises during the third quarter worth approximately $3,355,000. Pacer Advisors Inc. grew its holdings in DXP Enterprises by 4.1% during the third quarter. Pacer Advisors Inc. now owns 744,587 shares of the industrial products company’s stock valued at $39,731,000 after purchasing an additional 29,131 shares during the last quarter. Finally, 272 Capital LP acquired a new position in DXP Enterprises during the third quarter valued at approximately $1,380,000. Institutional investors own 74.82% of the company’s stock.

DXP Enterprises Stock Down 3.8 %

DXPE opened at $99.93 on Friday. The business has a 50 day moving average of $88.25 and a 200-day moving average of $66.42. The stock has a market capitalization of $1.57 billion, a price-to-earnings ratio of 25.76 and a beta of 1.67. The company has a current ratio of 2.22, a quick ratio of 1.78 and a debt-to-equity ratio of 1.29. DXP Enterprises, Inc. has a 1-year low of $32.57 and a 1-year high of $107.06.

Analyst Ratings Changes

Several research firms recently issued reports on DXPE. StockNews.com downgraded shares of DXP Enterprises from a “buy” rating to a “hold” rating in a report on Friday, December 20th. Stephens upped their price target on shares of DXP Enterprises from $65.00 to $75.00 and gave the company an “overweight” rating in a report on Thursday, November 7th.

Insiders Place Their Bets

In other DXP Enterprises news, insider Christopher T. Gregory sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $73.10, for a total value of $73,100.00. Following the completion of the sale, the insider now owns 29,606 shares in the company, valued at approximately $2,164,198.60. This trade represents a 3.27 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 22.40% of the company’s stock.

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).