Northern Trust Corp Buys 21,220 Shares of DXP Enterprises, Inc. (NASDAQ:DXPE)

Northern Trust Corp lifted its stake in DXP Enterprises, Inc. (NASDAQ:DXPE - Free Report) by 10.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 228,940 shares of the industrial products company's stock after purchasing an additional 21,220 shares during the quarter. Northern Trust Corp owned 1.46% of DXP Enterprises worth $18,915,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Wellington Management Group LLP purchased a new position in shares of DXP Enterprises in the fourth quarter worth $67,901,000. Arrowstreet Capital Limited Partnership raised its position in DXP Enterprises by 2,589.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 149,349 shares of the industrial products company's stock worth $12,339,000 after buying an additional 143,795 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of DXP Enterprises by 193.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 98,044 shares of the industrial products company's stock valued at $5,232,000 after acquiring an additional 64,611 shares during the last quarter. Trexquant Investment LP purchased a new stake in shares of DXP Enterprises during the 4th quarter valued at about $1,644,000. Finally, Barclays PLC grew its stake in shares of 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 during the period. Institutional investors own 74.82% of the company's stock.

DXP Enterprises Stock Performance

Shares of NASDAQ DXPE traded up $0.77 during midday trading on Friday, hitting $89.76. 66,320 shares of the company's stock traded hands, compared to its average volume of 159,695. The firm has a fifty day moving average of $83.72 and a 200 day moving average of $83.69. DXP Enterprises, Inc. has a 1 year low of $43.25 and a 1 year high of $107.06. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.78 and a current ratio of 2.22. The stock has a market capitalization of $1.41 billion, a price-to-earnings ratio of 23.13 and a beta of 1.26.

DXP Enterprises (NASDAQ:DXPE - Get Free Report) last announced its earnings results on Wednesday, May 7th. The industrial products company reported $1.26 EPS for the quarter, beating analysts' consensus estimates of $1.20 by $0.06. DXP Enterprises had a net margin of 3.75% and a return on equity of 18.74%. The business had revenue of $476.57 million during the quarter, compared to analysts' expectations of $477.00 million. On average, analysts forecast that DXP Enterprises, Inc. will post 4.07 earnings per share for the current year.

Analyst Upgrades and Downgrades

DXPE has been the topic of a number of research analyst reports. StockNews.com downgraded shares of DXP Enterprises from a "buy" rating to a "hold" rating in a research report on Friday. Stephens increased their price target on DXP Enterprises from $75.00 to $95.00 and gave the company an "overweight" rating in a report on Monday, March 10th.

Insiders Place Their Bets

In other DXP Enterprises news, CEO David R. Little purchased 5,999 shares of the firm's stock in a transaction on Wednesday, March 26th. The shares were acquired at an average cost of $82.70 per share, for a total transaction of $496,117.30. Following the completion of the transaction, the chief executive officer now owns 1,257,593 shares of the company's stock, valued at approximately $104,002,941.10. The trade was a 0.48% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Kent Nee Hung Yee sold 3,457 shares of the stock in a transaction that occurred on Tuesday, March 25th. The stock was 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 owns 68,849 shares in the company, valued at $6,088,317.07. The trade was a 4.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 12,785 shares of company stock worth $1,139,818. Company insiders own 22.70% of the company's stock.

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).