Charles Schwab Investment Management Inc. Sells 30,269 Shares of DXP Enterprises, Inc. (NASDAQ:DXPE)

Charles Schwab Investment Management Inc. cut its position in shares of DXP Enterprises, Inc. (NASDAQ:DXPE - Free Report) by 16.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 150,753 shares of the industrial products company's stock after selling 30,269 shares during the period. Charles Schwab Investment Management Inc. owned 0.96% of DXP Enterprises worth $12,455,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DXPE. Global Retirement Partners LLC boosted its holdings in DXP Enterprises by 2,220.0% in the 4th quarter. Global Retirement Partners LLC now owns 348 shares of the industrial products company's stock valued at $29,000 after purchasing an additional 333 shares during the last quarter. Quantbot Technologies LP purchased a new stake in shares of DXP Enterprises during the 3rd quarter worth $41,000. Smartleaf Asset Management LLC boosted its position in shares of DXP Enterprises by 3,150.0% during the 4th 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 in the last quarter. Longboard Asset Management LP acquired a new stake in DXP Enterprises during the fourth quarter worth approximately $216,000. Finally, Savant Capital LLC purchased a new position in DXP Enterprises during the 4th quarter worth approximately $230,000. Hedge funds and other institutional investors own 74.82% of the company's stock.

DXP Enterprises Stock Down 1.6 %

Shares of NASDAQ DXPE traded down $1.46 during midday trading on Tuesday, reaching $88.40. 104,225 shares of the company's stock were exchanged, compared to its average volume of 153,218. DXP Enterprises, Inc. has a 52-week low of $43.25 and a 52-week 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. The stock has a market capitalization of $1.39 billion, a PE ratio of 22.78 and a beta of 1.66. The business's fifty day moving average price is $94.37 and its two-hundred day moving average price is $75.43.

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

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on DXPE shares. Stephens increased their target price on DXP Enterprises from $75.00 to $95.00 and gave the stock an "overweight" rating in a research note on Monday, March 10th. StockNews.com raised shares of DXP Enterprises from a "hold" rating to a "buy" rating in a research note on Tuesday, March 11th.

Insider Activity at DXP Enterprises

In other DXP Enterprises news, CMO Paz Maestas sold 4,328 shares of the company's stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $89.04, for a total transaction of $385,365.12. Following the completion of the sale, the chief marketing officer now owns 613,039 shares of the company's stock, valued at $54,584,992.56. This represents a 0.70 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 22.40% of the stock is currently owned by 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).