Alps Advisors Inc. Invests $351,000 in DXP Enterprises, Inc. (NASDAQ:DXPE)

Alps Advisors Inc. acquired a new position in shares of DXP Enterprises, Inc. (NASDAQ:DXPE - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 4,270 shares of the industrial products company's stock, valued at approximately $351,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Lazard Asset Management LLC bought a new stake in shares of DXP Enterprises during the 4th quarter worth $159,000. Hsbc Holdings PLC bought a new position in shares of DXP Enterprises in the fourth quarter valued at approximately $208,000. Janney Montgomery Scott LLC bought a new stake in DXP Enterprises during the 1st quarter valued at approximately $210,000. Pictet Asset Management Holding SA acquired a new position in DXP Enterprises during the 4th quarter valued at $218,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in DXP Enterprises during the fourth quarter worth about $224,000. 74.82% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at DXP Enterprises

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

Analyst Upgrades and Downgrades

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

DXP Enterprises Price Performance

Shares of DXPE traded down $0.80 during midday trading on Friday, hitting $99.61. 634,273 shares of the company traded hands, compared to its average volume of 161,888. The stock has a 50-day moving average of $86.38 and a 200-day moving average of $88.17. The company has a debt-to-equity ratio of 1.40, a current ratio of 2.70 and a quick ratio of 2.25. DXP Enterprises, Inc. has a one year low of $45.00 and a one year high of $107.06. The firm has a market cap of $1.56 billion, a P/E ratio of 20.71 and a beta of 1.16.

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

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).