Russell Investments Group Ltd. Increases Stock Holdings in DXP Enterprises, Inc. (NASDAQ:DXPE)

Russell Investments Group Ltd. increased its holdings in shares of DXP Enterprises, Inc. (NASDAQ:DXPE - Free Report) by 25,610.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,513 shares of the industrial products company's stock after buying an additional 9,476 shares during the quarter. Russell Investments Group Ltd. owned about 0.06% of DXP Enterprises worth $786,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in DXPE. Jane Street Group LLC boosted its holdings in shares of DXP Enterprises by 9.6% in the 3rd quarter. Jane Street Group LLC now owns 5,915 shares of the industrial products company's stock valued at $316,000 after purchasing an additional 517 shares during the last quarter. Barclays PLC boosted its holdings in DXP Enterprises by 355.4% in the third 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 during the last quarter. 272 Capital LP acquired a new position in DXP Enterprises in the third quarter valued at $1,380,000. Principal Financial Group Inc. grew its position in DXP Enterprises by 0.3% during the third quarter. Principal Financial Group Inc. now owns 68,997 shares of the industrial products company's stock valued at $3,682,000 after acquiring an additional 178 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in DXP Enterprises by 193.3% during the third quarter. JPMorgan Chase & Co. now owns 98,044 shares of the industrial products company's stock worth $5,232,000 after acquiring an additional 64,611 shares during the last quarter. 74.82% of the stock is owned by institutional investors and hedge funds.

Insider Activity at DXP Enterprises

In other DXP Enterprises news, Director Timothy P. Halter sold 5,000 shares of the company's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $89.75, for a total value of $448,750.00. Following the completion of the transaction, the director now directly owns 45,925 shares of the company's stock, valued at $4,121,768.75. This represents a 9.82 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CMO Paz Maestas sold 4,328 shares of DXP Enterprises stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $89.04, for a total value of $385,365.12. Following the sale, the chief marketing officer now directly owns 613,039 shares in the company, valued at approximately $54,584,992.56. The trade was a 0.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 12,785 shares of company stock valued at $1,139,818. Corporate insiders own 22.40% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Stephens boosted their target price 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 upgraded shares of DXP Enterprises from a "hold" rating to a "buy" rating in a research note on Friday, April 18th.

DXP Enterprises Price Performance

Shares of NASDAQ DXPE opened at $79.18 on Wednesday. The company has a debt-to-equity ratio of 1.29, a current ratio of 2.22 and a quick ratio of 1.78. DXP Enterprises, Inc. has a 1-year low of $43.25 and a 1-year high of $107.06. The company has a market capitalization of $1.24 billion, a price-to-earnings ratio of 20.41 and a beta of 1.29. The business has a 50-day moving average of $84.39 and a 200-day moving average of $79.64.

DXP Enterprises (NASDAQ:DXPE - Get Free Report) last released its quarterly earnings results on Thursday, March 6th. The industrial products company reported $1.38 earnings per share for the quarter, topping analysts' consensus estimates of $0.89 by $0.49. The firm had revenue of $470.91 million during the quarter, compared to analysts' expectations of $447.00 million. DXP Enterprises had a return on equity of 18.74% and a net margin of 3.75%. On average, equities analysts anticipate that DXP Enterprises, Inc. will post 4.07 EPS for the current fiscal year.

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).

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