CWA Asset Management Group LLC Trims Holdings in DXP Enterprises, Inc. (NASDAQ:DXPE)

CWA Asset Management Group LLC reduced its position in shares of DXP Enterprises, Inc. (NASDAQ:DXPE - Free Report) by 34.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,367 shares of the industrial products company's stock after selling 8,703 shares during the period. CWA Asset Management Group LLC owned 0.10% of DXP Enterprises worth $1,346,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of DXPE. Janney Montgomery Scott LLC acquired a new stake in DXP Enterprises during the first quarter worth approximately $210,000. SummerHaven Investment Management LLC boosted its holdings in shares of DXP Enterprises by 0.8% during the first quarter. SummerHaven Investment Management LLC now owns 17,413 shares of the industrial products company's stock worth $1,432,000 after purchasing an additional 142 shares during the last quarter. SG Americas Securities LLC grew its position in shares of DXP Enterprises by 243.8% in the first quarter. SG Americas Securities LLC now owns 8,712 shares of the industrial products company's stock valued at $717,000 after purchasing an additional 6,178 shares during the period. Harbor Capital Advisors Inc. grew its position in shares of DXP Enterprises by 3,657.9% in the first quarter. Harbor Capital Advisors Inc. now owns 2,856 shares of the industrial products company's stock valued at $235,000 after purchasing an additional 2,780 shares during the period. Finally, GAMMA Investing LLC increased its stake in DXP Enterprises by 9,327.6% in the first quarter. GAMMA Investing LLC now owns 41,953 shares of the industrial products company's stock valued at $3,451,000 after purchasing an additional 41,508 shares during the last quarter. 74.82% of the stock is currently owned by hedge funds and other institutional investors.

DXP Enterprises Trading Up 0.4%

DXPE stock opened at $78.67 on Friday. The company has a quick ratio of 2.25, a current ratio of 2.70 and a debt-to-equity ratio of 1.40. The company has a market cap of $1.23 billion, a price-to-earnings ratio of 16.36 and a beta of 1.17. The business has a fifty day simple moving average of $83.73 and a 200-day simple moving average of $86.44. DXP Enterprises, Inc. has a 52 week low of $43.25 and a 52 week high of $107.06.

DXP Enterprises (NASDAQ:DXPE - Get Free Report) last posted its quarterly earnings results 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. The firm had revenue of $476.57 million during the quarter, compared to the consensus estimate of $477.00 million. DXP Enterprises had a return on equity of 20.41% and a net margin of 4.27%. On average, equities research analysts expect that DXP Enterprises, Inc. will post 4.07 EPS for the current year.

Insider Transactions at DXP Enterprises

In other DXP Enterprises news, Director Timothy P. Halter sold 5,000 shares of DXP Enterprises stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $89.75, for a total transaction of $448,750.00. Following the transaction, the director now directly owns 45,925 shares of the company's stock, valued at $4,121,768.75. The trade was a 9.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CMO Paz Maestas sold 3,000 shares of the stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $87.00, for a total transaction of $261,000.00. Following the completion of the sale, the chief marketing officer now directly owns 610,737 shares of the company's stock, valued at $53,134,119. The trade was a 0.49% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 14,457 shares of company stock worth $1,252,723. 22.70% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have commented on DXPE. Wall Street Zen cut DXP Enterprises from a "buy" rating to a "hold" rating in a report on Friday, May 16th. Stephens boosted their target price on shares of DXP Enterprises from $75.00 to $95.00 and gave the company an "overweight" rating in a report on Monday, March 10th.

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).

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