Fmr LLC Purchases 139,027 Shares of DXP Enterprises, Inc. (NASDAQ:DXPE)

FMR LLC lifted its stake in shares of DXP Enterprises, Inc. (NASDAQ:DXPE - Free Report) by 21.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 776,950 shares of the industrial products company's stock after acquiring an additional 139,027 shares during the quarter. FMR LLC owned 4.95% of DXP Enterprises worth $41,458,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Pacer Advisors Inc. boosted its stake 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 in the last quarter. CWA Asset Management Group LLC acquired a new stake in shares of DXP Enterprises in the third quarter worth $1,107,000. Assenagon Asset Management S.A. boosted its position in shares of DXP Enterprises by 39.2% in the third quarter. Assenagon Asset Management S.A. now owns 52,858 shares of the industrial products company's stock worth $2,821,000 after buying an additional 14,886 shares during the period. SG Americas Securities LLC acquired a new stake in shares of DXP Enterprises in the third quarter worth $197,000. Finally, Public Sector Pension Investment Board boosted its position in shares of DXP Enterprises by 4.4% in the second quarter. Public Sector Pension Investment Board now owns 28,735 shares of the industrial products company's stock worth $1,317,000 after buying an additional 1,208 shares during the period. 74.82% of the stock is owned by institutional investors.

DXP Enterprises Stock Up 2.6 %

Shares of NASDAQ:DXPE traded up $1.93 during midday trading on Friday, hitting $76.98. 188,641 shares of the stock were exchanged, compared to its average volume of 119,338. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.78 and a current ratio of 2.22. DXP Enterprises, Inc. has a 52-week low of $30.08 and a 52-week high of $77.22. The business's fifty day simple moving average is $60.82 and its two-hundred day simple moving average is $53.45. The company has a market capitalization of $1.21 billion, a PE ratio of 19.84 and a beta of 1.70.

DXP Enterprises (NASDAQ:DXPE - Get Free Report) last announced its quarterly earnings data on Monday, November 4th. The industrial products company reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate 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 quarter in the prior year, the business posted $0.93 earnings per share. As a group, research analysts predict that DXP Enterprises, Inc. will post 4.07 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Stephens raised their target price on DXP Enterprises from $65.00 to $75.00 and gave the stock an "overweight" rating in a research report on Thursday, November 7th.

Insider Buying and Selling at DXP Enterprises

In other news, CMO Paz Maestas sold 2,000 shares of the company's stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $53.21, for a total value of $106,420.00. Following the sale, the chief marketing officer now directly owns 617,367 shares in the company, valued at approximately $32,850,098.07. This represents a 0.32 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Christopher T. Gregory sold 1,000 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $73.10, for a total value of $73,100.00. Following the sale, the insider now owns 29,606 shares in the company, valued at approximately $2,164,198.60. This trade represents a 3.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 22.40% of the company's stock.

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).