Allspring Global Investments Holdings LLC Purchases 3,649 Shares of DXP Enterprises, Inc. (NASDAQ:DXPE)

Allspring Global Investments Holdings LLC lifted its stake in shares of DXP Enterprises, Inc. (NASDAQ:DXPE - Free Report) by 54.0% in the first quarter, according to its most recent filing with the SEC. The fund owned 10,406 shares of the industrial products company's stock after acquiring an additional 3,649 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.07% of DXP Enterprises worth $856,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in DXPE. Wellington Management Group LLP bought a new stake in shares of DXP Enterprises during the 4th quarter worth $67,901,000. Arrowstreet Capital Limited Partnership lifted its holdings in shares of DXP Enterprises by 2,589.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 149,349 shares of the industrial products company's stock worth $12,339,000 after acquiring an additional 143,795 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of DXP Enterprises by 9,327.6% during the 1st quarter. GAMMA Investing LLC now owns 41,953 shares of the industrial products company's stock worth $3,451,000 after acquiring an additional 41,508 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of DXP Enterprises by 5.7% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 720,320 shares of the industrial products company's stock worth $59,513,000 after acquiring an additional 38,900 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of DXP Enterprises by 26.5% in the 4th quarter. JPMorgan Chase & Co. now owns 123,986 shares of the industrial products company's stock valued at $10,244,000 after purchasing an additional 25,942 shares in the last quarter. 74.82% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, COO Nicholas Little sold 45,938 shares of the company's stock in a transaction on Monday, June 30th. The shares were sold at an average price of $87.73, for a total transaction of $4,030,140.74. Following the completion of the sale, the chief operating officer directly owned 812,328 shares in the company, valued at $71,265,535.44. This represents a 5.35% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CMO Paz Maestas sold 2,000 shares of the company's stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $81.16, for a total transaction of $162,320.00. Following the sale, the chief marketing officer owned 605,737 shares of the company's stock, valued at $49,161,614.92. This represents a 0.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 53,938 shares of company stock valued at $4,690,731 in the last ninety days. 22.70% of the stock is owned by corporate insiders.

DXP Enterprises Trading Up 0.5%

Shares of DXP Enterprises stock traded up $0.44 during trading on Thursday, reaching $93.08. The company's stock had a trading volume of 11,306 shares, compared to its average volume of 155,083. DXP Enterprises, Inc. has a 52-week low of $43.45 and a 52-week high of $107.06. The company has a market cap of $1.46 billion, a price-to-earnings ratio of 19.19 and a beta of 1.16. The firm's 50-day moving average is $85.39 and its two-hundred day moving average is $87.44. The company has a quick ratio of 2.25, a current ratio of 2.70 and a debt-to-equity ratio of 1.40.

DXP Enterprises (NASDAQ:DXPE - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $1.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.20 by $0.06. DXP Enterprises had a net margin of 4.27% and a return on equity of 20.41%. The company had revenue of $476.57 million during the quarter, compared to analysts' expectations of $477.00 million. On average, sell-side analysts anticipate that DXP Enterprises, Inc. will post 4.07 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut shares of DXP Enterprises from a "buy" rating to a "hold" rating in a research note on Friday, May 16th.

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).