Deutsche Bank AG Has $3.48 Million Stock Holdings in DXP Enterprises, Inc. (NASDAQ:DXPE)

Deutsche Bank AG grew its holdings in DXP Enterprises, Inc. (NASDAQ:DXPE - Free Report) by 9.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 42,127 shares of the industrial products company's stock after acquiring an additional 3,706 shares during the period. Deutsche Bank AG owned 0.27% of DXP Enterprises worth $3,481,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Global Retirement Partners LLC grew its position in DXP Enterprises by 2,220.0% in the fourth quarter. Global Retirement Partners LLC now owns 348 shares of the industrial products company's stock worth $29,000 after acquiring an additional 333 shares in the last quarter. Smartleaf Asset Management LLC grew its position in DXP Enterprises by 3,150.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 520 shares of the industrial products company's stock worth $43,000 after acquiring an additional 504 shares in the last quarter. Hsbc Holdings PLC bought a new stake in shares of DXP Enterprises during the 4th quarter worth $208,000. Longboard Asset Management LP bought a new stake in shares of DXP Enterprises during the 4th quarter worth $216,000. Finally, Pictet Asset Management Holding SA bought a new stake in shares of DXP Enterprises during the 4th quarter worth $218,000. 74.82% of the stock is owned by institutional investors.

DXP Enterprises Stock Performance

Shares of NASDAQ DXPE traded up $0.42 during trading hours on Monday, hitting $84.02. 60,313 shares of the stock were exchanged, compared to its average volume of 159,531. The company has a debt-to-equity ratio of 1.29, a current ratio of 2.22 and a quick ratio of 1.78. The company's 50 day moving average is $83.96 and its 200 day moving average is $85.46. The firm has a market capitalization of $1.32 billion, a P/E ratio of 21.65 and a beta of 1.26. DXP Enterprises, Inc. has a one year low of $43.25 and a one year high of $107.06.

DXP Enterprises (NASDAQ:DXPE - Get Free Report) last issued its quarterly earnings results 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 net margin of 3.75% and a return on equity of 18.74%. The firm had revenue of $476.57 million during the quarter, compared to the consensus estimate of $477.00 million. On average, research analysts expect that DXP Enterprises, Inc. will post 4.07 EPS for the current year.

Insider Buying and Selling at DXP Enterprises

In other DXP Enterprises news, Director Timothy P. Halter sold 5,000 shares of the stock in a transaction on Monday, March 24th. The shares were sold at an average price of $89.75, for a total value of $448,750.00. Following the completion of the sale, the director now directly owns 45,925 shares of the company's stock, valued at $4,121,768.75. This represents a 9.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO David R. Little purchased 5,999 shares of DXP Enterprises stock in a transaction on Wednesday, March 26th. The stock was bought at an average cost of $82.70 per share, with a total value of $496,117.30. Following the completion of the acquisition, 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. Insiders sold a total of 15,785 shares of company stock valued at $1,400,818 in the last ninety days. Company insiders own 22.70% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Wall Street Zen downgraded shares of DXP Enterprises from a "buy" rating to a "hold" rating in a report on Friday, May 16th. Stephens upped their price objective on shares of DXP Enterprises from $75.00 to $95.00 and gave the stock an "overweight" rating in a report on Monday, March 10th.

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).