Sei Investments Co. Buys 9,133 Shares of DXP Enterprises, Inc. (NASDAQ:DXPE)

Sei Investments Co. raised its position in DXP Enterprises, Inc. (NASDAQ:DXPE - Free Report) by 11.3% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 89,667 shares of the industrial products company's stock after acquiring an additional 9,133 shares during the period. Sei Investments Co. owned approximately 0.57% of DXP Enterprises worth $7,408,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. FMR LLC grew its position in DXP Enterprises by 21.8% in the 3rd 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 during the period. JPMorgan Chase & Co. grew its holdings 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 last quarter. Hotchkis & Wiley Capital Management LLC bought a new stake in shares of DXP Enterprises during the third quarter worth about $3,355,000. 272 Capital LP acquired a new stake in shares of DXP Enterprises in the 3rd quarter worth about $1,380,000. Finally, Barclays PLC lifted its position in DXP Enterprises by 355.4% in the 3rd 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. Institutional investors own 74.82% of the company's stock.

Analyst Ratings Changes

A number of brokerages have commented on DXPE. Stephens boosted their price objective on DXP Enterprises from $75.00 to $95.00 and gave the stock an "overweight" rating in a report on Monday, March 10th. StockNews.com raised DXP Enterprises from a "hold" rating to a "buy" rating in a research report on Wednesday.

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DXP Enterprises Stock Down 5.4 %

DXPE stock traded down $4.17 during trading on Friday, reaching $73.45. The stock had a trading volume of 167,452 shares, compared to its average volume of 158,645. The company has a quick ratio of 1.78, a current ratio of 2.22 and a debt-to-equity ratio of 1.29. The company has a market capitalization of $1.15 billion, a price-to-earnings ratio of 18.93 and a beta of 1.66. DXP Enterprises, Inc. has a one year low of $43.25 and a one year high of $107.06. The company's 50 day moving average is $90.80 and its two-hundred day moving average is $77.31.

DXP Enterprises (NASDAQ:DXPE - Get Free Report) last released its earnings results on Thursday, March 6th. The industrial products company reported $1.38 earnings per share (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%. Equities research analysts forecast that DXP Enterprises, Inc. will post 4.07 EPS for the current year.

Insider Transactions at DXP Enterprises

In other news, CFO Kent Nee Hung Yee sold 3,457 shares of the 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 completion of the transaction, the chief financial officer now directly owns 68,849 shares of the company's stock, valued at $6,088,317.07. This represents a 4.78 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO David R. Little acquired 5,999 shares of the company's stock in a transaction that occurred on Wednesday, March 26th. The stock was purchased at an average price of $82.70 per share, for a total transaction of $496,117.30. Following the purchase, the chief executive officer now owns 1,257,593 shares of the company's stock, valued at $104,002,941.10. The trade was a 0.48 % increase in their position. The disclosure for this purchase can be found here. Insiders have sold 12,785 shares of company stock worth $1,139,818 in the last ninety days. Company insiders own 22.40% of the company's stock.

DXP Enterprises 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).