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

Thrivent Financial for Lutherans lowered its stake in shares of DXP Enterprises, Inc. (NASDAQ:DXPE) by 5.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,843 shares of the industrial products company’s stock after selling 664 shares during the quarter. Thrivent Financial for Lutherans owned 0.07% of DXP Enterprises worth $497,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Pacer Advisors Inc. bought a new position in DXP Enterprises in the second quarter valued at $32,797,000. Renaissance Technologies LLC grew its position in DXP Enterprises by 125.3% during the second quarter. Renaissance Technologies LLC now owns 111,300 shares of the industrial products company’s stock valued at $5,102,000 after acquiring an additional 61,900 shares during the last quarter. Assenagon Asset Management S.A. purchased a new position in shares of DXP Enterprises during the second quarter worth approximately $1,741,000. LSV Asset Management lifted its holdings in shares of DXP Enterprises by 63.1% in the 2nd quarter. LSV Asset Management now owns 90,495 shares of the industrial products company’s stock worth $4,148,000 after acquiring an additional 35,011 shares during the last quarter. Finally, GSA Capital Partners LLP boosted its stake in shares of DXP Enterprises by 80.1% in the 1st quarter. GSA Capital Partners LLP now owns 21,626 shares of the industrial products company’s stock valued at $1,162,000 after purchasing an additional 9,615 shares in the last quarter. 74.82% of the stock is owned by institutional investors.

DXP Enterprises Price Performance

DXPE stock opened at $52.61 on Wednesday. The firm has a market cap of $837.97 million, a P/E ratio of 14.61 and a beta of 1.59. The firm’s fifty day moving average is $51.17 and its 200 day moving average is $50.49. DXP Enterprises, Inc. has a 52 week low of $28.82 and a 52 week high of $57.38. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.92 and a current ratio of 2.39.

DXP Enterprises (NASDAQ:DXPE) last posted its quarterly earnings results on Thursday, August 8th. The industrial products company reported $1.02 EPS for the quarter. DXP Enterprises had a net margin of 3.57% and a return on equity of 17.22%. The company had revenue of $445.56 million during the quarter. Research analysts predict that DXP Enterprises, Inc. will post 3.56 earnings per share for the current year.

Insider Activity at DXP Enterprises

In related 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 value of $106,420.00. Following the completion of the transaction, the chief marketing officer now directly owns 617,367 shares in the company, valued at $32,850,098.07. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 22.10% of the stock is currently owned by corporate insiders.

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).