CWA Asset Management Group LLC Sells 8,703 Shares of DXP Enterprises, Inc. (NASDAQ:DXPE)

CWA Asset Management Group LLC cut its holdings in shares of DXP Enterprises, Inc. (NASDAQ:DXPE - Free Report) by 34.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 16,367 shares of the industrial products company's stock after selling 8,703 shares during the quarter. 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 institutional investors have also recently bought and sold shares of DXPE. Global Retirement Partners LLC lifted its holdings in shares of DXP Enterprises by 2,220.0% during the 4th quarter. Global Retirement Partners LLC now owns 348 shares of the industrial products company's stock valued at $29,000 after buying an additional 333 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of DXP Enterprises by 3,150.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 520 shares of the industrial products company's stock valued at $43,000 after buying an additional 504 shares during the last quarter. Lazard Asset Management LLC acquired a new stake in shares of DXP Enterprises during the 4th quarter valued at about $159,000. Hsbc Holdings PLC acquired a new stake in shares of DXP Enterprises during the 4th quarter valued at about $208,000. Finally, Janney Montgomery Scott LLC acquired a new stake in shares of DXP Enterprises during the 1st quarter valued at about $210,000. 74.82% of the stock is currently owned by institutional investors and hedge funds.

DXP Enterprises Stock Performance

Shares of DXPE stock traded up $1.91 during trading on Monday, reaching $83.81. The company had a trading volume of 217,896 shares, compared to its average volume of 151,936. The firm's 50 day simple moving average is $83.88 and its two-hundred day simple moving average is $86.75. 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 $43.25 and a one year high of $107.06. The company has a market capitalization of $1.31 billion, a PE ratio of 17.42 and a beta of 1.17.

DXP Enterprises (NASDAQ:DXPE - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $1.26 earnings per share for the quarter, beating 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 business had revenue of $476.57 million for the quarter, compared to the consensus estimate of $477.00 million. Sell-side analysts forecast that DXP Enterprises, Inc. will post 4.07 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Stephens lifted 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. Wall Street Zen downgraded DXP Enterprises from a "buy" rating to a "hold" rating in a research note on Friday, May 16th.

Insider Activity at DXP Enterprises

In other DXP Enterprises news, CFO Kent Nee Hung Yee sold 3,457 shares of DXP Enterprises stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $88.43, for a total value of $305,702.51. Following the transaction, the chief financial officer now directly owns 68,849 shares of the company's stock, valued at $6,088,317.07. The trade was a 4.78% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO David R. Little purchased 5,999 shares of the company's stock in a transaction on Wednesday, March 26th. The stock was 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 in the company, valued at approximately $104,002,941.10. This trade represents a 0.48% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 9,457 shares of company stock valued at $803,973. Corporate insiders own 22.40% of the company's stock.

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).