American Century Companies Inc. Has $54.03 Million Position in DXP Enterprises, Inc. (NASDAQ:DXPE)

American Century Companies Inc. cut its position in DXP Enterprises, Inc. (NASDAQ:DXPE - Free Report) by 3.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 653,952 shares of the industrial products company's stock after selling 20,871 shares during the period. American Century Companies Inc. owned about 4.17% of DXP Enterprises worth $54,030,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Global Retirement Partners LLC raised its holdings in DXP Enterprises by 2,220.0% during the 4th quarter. Global Retirement Partners LLC now owns 348 shares of the industrial products company's stock worth $29,000 after buying an additional 333 shares during the period. Quantbot Technologies LP acquired a new stake in shares of DXP Enterprises during the third quarter worth $41,000. Smartleaf Asset Management LLC raised its holdings in shares of DXP Enterprises by 3,150.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 520 shares of the industrial products company's stock worth $43,000 after acquiring an additional 504 shares during the period. Longboard Asset Management LP bought a new stake in DXP Enterprises in the 4th quarter valued at $216,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in DXP Enterprises in the 4th quarter worth $224,000. Institutional investors and hedge funds own 74.82% of the company's stock.

Insider Activity at DXP Enterprises

In other DXP Enterprises news, CEO David R. Little bought 5,999 shares of the stock in a transaction on Wednesday, March 26th. The stock was purchased at an average price of $82.70 per share, with a total value of $496,117.30. Following the completion of the purchase, the chief executive officer now owns 1,257,593 shares in the company, valued at $104,002,941.10. The trade was a 0.48 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Kent Nee Hung Yee sold 3,457 shares of DXP Enterprises stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $88.43, for a total transaction of $305,702.51. Following the sale, the chief financial officer now directly owns 68,849 shares in the company, valued at $6,088,317.07. This trade represents a 4.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,785 shares of company stock valued at $1,139,818 over the last three months. 22.40% of the stock is owned by insiders.

Remove Ads

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. StockNews.com downgraded DXP Enterprises from a "buy" rating to a "hold" rating in a research report on Tuesday, March 25th. Stephens raised their target price on shares of DXP Enterprises from $75.00 to $95.00 and gave the company an "overweight" rating in a research report on Monday, March 10th.

DXP Enterprises Stock Performance

Shares of NASDAQ:DXPE traded down $0.05 on Friday, hitting $82.88. The company had a trading volume of 121,740 shares, compared to its average volume of 158,087. The stock has a 50 day moving average price of $93.23 and a 200 day moving average price of $76.45. The company has a current ratio of 2.22, a quick ratio of 1.78 and a debt-to-equity ratio of 1.29. The stock has a market cap of $1.30 billion, a price-to-earnings ratio of 21.36 and a beta of 1.66. DXP Enterprises, Inc. has a 1-year low of $43.25 and a 1-year high of $107.06.

DXP Enterprises (NASDAQ:DXPE - Get Free Report) last announced its earnings results on Thursday, March 6th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.89 by $0.49. The company had revenue of $470.91 million during the quarter, compared to analysts' expectations of $447.00 million. DXP Enterprises had a net margin of 3.75% and a return on equity of 18.74%. Analysts expect that DXP Enterprises, Inc. will post 4.07 EPS for the current year.

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).