Assenagon Asset Management S.A. Lowers Stake in DXP Enterprises, Inc. (NASDAQ:DXPE)

Assenagon Asset Management S.A. cut its holdings in DXP Enterprises, Inc. (NASDAQ:DXPE - Free Report) by 9.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 47,904 shares of the industrial products company's stock after selling 4,954 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.31% of DXP Enterprises worth $3,958,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Barclays PLC raised its holdings in shares of DXP Enterprises by 355.4% during the third quarter. Barclays PLC now owns 23,723 shares of the industrial products company's stock valued at $1,267,000 after acquiring an additional 18,514 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of DXP Enterprises by 193.3% during the third quarter. JPMorgan Chase & Co. now owns 98,044 shares of the industrial products company's stock valued at $5,232,000 after buying an additional 64,611 shares during the period. Renaissance Technologies LLC boosted its position in DXP Enterprises by 125.3% during the 2nd 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 in the last quarter. Pacer Advisors Inc. grew its holdings in shares of DXP Enterprises by 4.1% during the 3rd quarter. Pacer Advisors Inc. now owns 744,587 shares of the industrial products company's stock worth $39,731,000 after acquiring an additional 29,131 shares during the period. Finally, CWA Asset Management Group LLC purchased a new position in shares of DXP Enterprises in the 3rd quarter valued at approximately $1,107,000. Institutional investors own 74.82% of the company's stock.

Insider Activity

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

DXP Enterprises Stock Up 3.3 %

Shares of DXP Enterprises stock opened at $102.67 on Tuesday. The company has a 50-day simple moving average of $79.94 and a two-hundred day simple moving average of $61.66. DXP Enterprises, Inc. has a 52-week low of $31.10 and a 52-week high of $103.61. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.78 and a current ratio of 2.22. The stock has a market capitalization of $1.61 billion, a PE ratio of 26.46 and a beta of 1.67.

DXP Enterprises (NASDAQ:DXPE - Get Free Report) last posted 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. 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 during the quarter. During the same period in the previous year, the business posted $0.93 EPS. On average, analysts anticipate that DXP Enterprises, Inc. will post 4.07 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on DXPE. Stephens upped their target price on shares of DXP Enterprises from $65.00 to $75.00 and gave the stock an "overweight" rating in a research report on Thursday, November 7th. StockNews.com downgraded shares of DXP Enterprises from a "buy" rating to a "hold" rating in a research note on Friday, December 20th.

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).