4,270 Shares in DXP Enterprises, Inc. (NASDAQ:DXPE) Purchased by Alps Advisors Inc.

Alps Advisors Inc. bought a new position in DXP Enterprises, Inc. (NASDAQ:DXPE - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 4,270 shares of the industrial products company's stock, valued at approximately $351,000.

Other large investors also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC increased its position in DXP Enterprises by 54.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 10,406 shares of the industrial products company's stock valued at $856,000 after acquiring an additional 3,649 shares in the last quarter. Janney Montgomery Scott LLC bought a new stake in shares of DXP Enterprises in the first quarter valued at about $210,000. Illinois Municipal Retirement Fund lifted its position in DXP Enterprises by 8.1% during the first quarter. Illinois Municipal Retirement Fund now owns 6,777 shares of the industrial products company's stock worth $557,000 after purchasing an additional 508 shares during the period. Prudential Financial Inc. boosted its stake in shares of DXP Enterprises by 96.2% in the 4th quarter. Prudential Financial Inc. now owns 26,105 shares of the industrial products company's stock valued at $2,157,000 after purchasing an additional 12,800 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of DXP Enterprises by 14.9% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 33,293 shares of the industrial products company's stock valued at $2,751,000 after purchasing an additional 4,321 shares in the last quarter. 74.82% of the stock is owned by institutional investors.

Insider Activity at DXP Enterprises

In related news, COO Nicholas Little sold 45,938 shares of the business's stock in a transaction on Monday, June 30th. The stock was sold at an average price of $87.73, for a total transaction of $4,030,140.74. Following the transaction, the chief operating officer directly owned 812,328 shares in the company, valued at $71,265,535.44. The trade was a 5.35% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CMO Paz Maestas sold 3,000 shares of the business's stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $79.09, for a total value of $237,270.00. Following the transaction, the chief marketing officer owned 607,737 shares in the company, valued at approximately $48,065,919.33. This trade represents a 0.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 53,938 shares of company stock valued at $4,690,731 in the last 90 days. 22.70% of the stock is currently owned by company insiders.

DXP Enterprises Stock Down 0.8%

NASDAQ:DXPE traded down $0.80 during trading hours on Friday, hitting $99.61. 634,273 shares of the company traded hands, compared to its average volume of 161,888. DXP Enterprises, Inc. has a one year low of $45.00 and a one year high of $107.06. The company has a market cap of $1.56 billion, a PE ratio of 20.71 and a beta of 1.16. The firm's 50-day simple moving average is $86.38 and its 200-day simple moving average is $88.17. 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 released its earnings results on Wednesday, May 7th. The industrial products company reported $1.26 earnings per share for the quarter, topping analysts' consensus estimates of $1.20 by $0.06. DXP Enterprises had a return on equity of 20.41% and a net margin of 4.27%. The company had revenue of $476.57 million during the quarter, compared to the consensus estimate of $477.00 million. Equities analysts predict that DXP Enterprises, Inc. will post 4.07 earnings per share for the current year.

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 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).