Avidian Wealth Enterprises LLC Invests $371,000 in DXP Enterprises, Inc. (NASDAQ:DXPE)

Avidian Wealth Enterprises LLC acquired a new stake in DXP Enterprises, Inc. (NASDAQ:DXPE - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 4,494 shares of the industrial products company's stock, valued at approximately $371,000.

A number of other institutional investors have also recently added to or reduced their stakes in DXPE. SG Americas Securities LLC acquired a new stake in DXP Enterprises in the third quarter valued at $197,000. Assenagon Asset Management S.A. grew its stake in DXP Enterprises by 39.2% in the 3rd quarter. Assenagon Asset Management S.A. now owns 52,858 shares of the industrial products company's stock valued at $2,821,000 after acquiring an additional 14,886 shares during the last quarter. CWA Asset Management Group LLC purchased a new position in DXP Enterprises during the 3rd quarter valued at about $1,107,000. Pacer Advisors Inc. raised its position 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 worth $39,731,000 after acquiring an additional 29,131 shares during the last quarter. Finally, FMR LLC lifted its holdings 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 valued at $41,458,000 after purchasing an additional 139,027 shares in the last quarter. Hedge funds and other institutional investors own 74.82% of the company's stock.

DXP Enterprises Trading Up 4.4 %

Shares of NASDAQ:DXPE traded up $4.29 during trading on Monday, reaching $102.27. 213,378 shares of the stock were exchanged, compared to its average volume of 326,257. The firm's 50-day moving average price is $91.91 and its 200 day moving average price is $69.01. The firm has a market cap of $1.60 billion, a price-to-earnings ratio of 26.36 and a beta of 1.67. DXP Enterprises, Inc. has a 12-month low of $33.62 and a 12-month high of $107.06. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.78 and a current ratio of 2.22.

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 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 directly owns 29,606 shares of the company's stock, valued at $2,164,198.60. This trade represents a 3.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 22.40% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on DXPE shares. Stephens increased their target price on DXP Enterprises from $65.00 to $75.00 and gave the company an "overweight" rating in a report on Thursday, November 7th. StockNews.com cut DXP Enterprises from a "buy" rating to a "hold" rating in a research report 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).