Vanguard Group Inc. Reduces Stock Holdings in DXP Enterprises, Inc. (NASDAQ:DXPE)

Vanguard Group Inc. lessened its stake in DXP Enterprises, Inc. (NASDAQ:DXPE - Free Report) by 5.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 952,908 shares of the industrial products company's stock after selling 49,960 shares during the period. Vanguard Group Inc. owned approximately 6.07% of DXP Enterprises worth $78,729,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Barclays PLC grew its position in DXP Enterprises by 355.4% in the third quarter. Barclays PLC now owns 23,723 shares of the industrial products company's stock worth $1,267,000 after acquiring an additional 18,514 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of DXP Enterprises by 193.3% in the third quarter. JPMorgan Chase & Co. now owns 98,044 shares of the industrial products company's stock worth $5,232,000 after buying an additional 64,611 shares during the period. Raymond James Financial Inc. bought a new stake in shares of DXP Enterprises in the 4th quarter valued at about $1,037,000. Intech Investment Management LLC purchased a new stake in DXP Enterprises during the 4th quarter valued at about $447,000. Finally, Harvest Fund Management Co. Ltd purchased a new position in DXP Enterprises in the 4th quarter worth approximately $471,000. Institutional investors own 74.82% of the company's stock.

Insider Activity at DXP Enterprises

In related news, CFO Kent Nee Hung Yee sold 3,457 shares of DXP Enterprises stock in a transaction 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 transaction, the chief financial officer now owns 68,849 shares in the company, valued at approximately $6,088,317.07. The trade was a 4.78 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO David R. Little acquired 5,999 shares of the company's stock in a transaction dated Wednesday, March 26th. The stock was acquired at an average cost of $82.70 per share, with a total value of $496,117.30. Following the purchase, the chief executive officer now owns 1,257,593 shares of the company's stock, valued at approximately $104,002,941.10. This trade represents a 0.48 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 12,785 shares of company stock valued at $1,139,818. 22.40% of the stock is owned by insiders.

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Analyst Ratings Changes

DXPE has been the subject of several recent analyst reports. StockNews.com downgraded shares of DXP Enterprises from a "buy" rating to a "hold" rating in a research note on Thursday, April 10th. Stephens raised their price objective on shares of DXP Enterprises from $75.00 to $95.00 and gave the stock an "overweight" rating in a report on Monday, March 10th.

DXP Enterprises Stock Down 2.1 %

Shares of NASDAQ:DXPE traded down $1.72 during midday trading on Wednesday, reaching $78.60. The company's stock had a trading volume of 9,693 shares, compared to its average volume of 159,048. DXP Enterprises, Inc. has a 12-month low of $43.25 and a 12-month high of $107.06. The firm has a market capitalization of $1.23 billion, a P/E ratio of 20.20 and a beta of 1.29. The firm has a 50 day moving average of $86.52 and a 200-day moving average of $78.70. The company has a quick ratio of 1.78, a current ratio of 2.22 and a debt-to-equity ratio of 1.29.

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

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).