CWA Asset Management Group LLC Purchases Shares of 20,741 DXP Enterprises, Inc. (NASDAQ:DXPE)

CWA Asset Management Group LLC purchased a new position in DXP Enterprises, Inc. (NASDAQ:DXPE - Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 20,741 shares of the industrial products company's stock, valued at approximately $1,107,000. CWA Asset Management Group LLC owned 0.13% of DXP Enterprises at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in DXPE. Innealta Capital LLC bought a new stake in shares of DXP Enterprises in the 2nd quarter worth approximately $29,000. Quest Partners LLC boosted its position in shares of DXP Enterprises by 24.8% in the 2nd quarter. Quest Partners LLC now owns 2,109 shares of the industrial products company's stock worth $97,000 after purchasing an additional 419 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in DXP Enterprises by 39.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,113 shares of the industrial products company's stock valued at $189,000 after acquiring an additional 1,174 shares in the last quarter. SG Americas Securities LLC bought a new position in DXP Enterprises in the 3rd quarter valued at approximately $197,000. Finally, Privium Fund Management UK Ltd bought a new position in DXP Enterprises in the 2nd quarter valued at approximately $209,000. Institutional investors own 74.82% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Stephens upped their price objective on DXP Enterprises from $65.00 to $75.00 and gave the company an "overweight" rating in a research report on Thursday.

DXP Enterprises Stock Performance

Shares of NASDAQ:DXPE traded down $0.18 during midday trading on Monday, hitting $70.92. The company had a trading volume of 85,920 shares, compared to its average volume of 105,640. The company has a fifty day moving average of $52.73 and a two-hundred day moving average of $50.62. DXP Enterprises, Inc. has a 12-month low of $28.82 and a 12-month high of $73.75. The company has a market cap of $1.12 billion, a price-to-earnings ratio of 18.32 and a beta of 1.60. The company has a debt-to-equity ratio of 1.35, a current ratio of 2.39 and a quick ratio of 1.92.

DXP Enterprises (NASDAQ:DXPE - Get Free Report) last posted its quarterly earnings results on Monday, November 4th. The industrial products company reported $1.43 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.48. The firm had revenue of $472.94 million during the quarter. DXP Enterprises had a net margin of 3.75% and a return on equity of 19.01%. During the same period in the prior year, the firm posted $0.93 EPS. On average, equities research analysts expect that DXP Enterprises, Inc. will post 3.56 EPS for the current fiscal year.

Insider Buying and Selling

In other DXP Enterprises news, CMO Paz Maestas sold 2,000 shares of DXP Enterprises stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $53.21, for a total value of $106,420.00. Following the transaction, the chief marketing officer now directly owns 617,367 shares of the company's stock, valued at approximately $32,850,098.07. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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).