Diversify Advisory Services LLC Makes New $766,000 Investment in DXP Enterprises, Inc. (NASDAQ:DXPE)

Diversify Advisory Services LLC purchased a new stake in DXP Enterprises, Inc. (NASDAQ:DXPE - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 8,760 shares of the industrial products company's stock, valued at approximately $766,000. Diversify Advisory Services LLC owned 0.06% of DXP Enterprises as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. CWM LLC lifted its holdings in DXP Enterprises by 32.2% during the first quarter. CWM LLC now owns 1,487 shares of the industrial products company's stock valued at $122,000 after purchasing an additional 362 shares in the last quarter. Lazard Asset Management LLC purchased a new position in shares of DXP Enterprises in the fourth quarter worth $159,000. Hsbc Holdings PLC purchased a new position in shares of DXP Enterprises in the fourth quarter worth $208,000. Janney Montgomery Scott LLC bought a new stake in DXP Enterprises in the first quarter worth $210,000. Finally, Pictet Asset Management Holding SA bought a new stake in DXP Enterprises in the fourth quarter worth $218,000. 74.82% of the stock is currently owned by institutional investors.

DXP Enterprises Trading Up 0.8%

Shares of DXPE stock traded up $0.79 on Tuesday, hitting $99.14. 92,554 shares of the stock traded hands, compared to its average volume of 161,744. The company has a debt-to-equity ratio of 1.40, a quick ratio of 2.25 and a current ratio of 2.70. The stock has a market capitalization of $1.56 billion, a PE ratio of 20.64 and a beta of 1.16. The firm's 50-day moving average price is $86.60 and its two-hundred day moving average price is $88.29. DXP Enterprises, Inc. has a twelve month low of $45.00 and a twelve month high of $107.06.

DXP Enterprises (NASDAQ:DXPE - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $1.26 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $477.00 million. As a group, analysts anticipate that DXP Enterprises, Inc. will post 4.07 EPS for the current year.

Insider Transactions at DXP Enterprises

In other news, COO Nicholas Little sold 45,938 shares of the company's stock in a transaction on Monday, June 30th. The stock was 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 in the company, valued at $71,265,535.44. This represents a 5.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CMO Paz Maestas sold 2,000 shares of the company's 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 transaction, the chief marketing officer directly owned 605,737 shares in the company, valued at $49,161,614.92. The trade was a 0.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 53,938 shares of company stock worth $4,690,731. 22.40% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

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

About DXP Enterprises

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).