8,760 Shares in DXP Enterprises, Inc. (NASDAQ:DXPE) Bought by Diversify Advisory Services LLC

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

Several other institutional investors have also added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new position in shares of DXP Enterprises in the 4th quarter worth approximately $1,037,000. Intech Investment Management LLC purchased a new position in shares of DXP Enterprises in the 4th quarter worth approximately $447,000. Harvest Fund Management Co. Ltd purchased a new position in shares of DXP Enterprises in the 4th quarter worth approximately $471,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in shares of DXP Enterprises in the 4th quarter worth approximately $224,000. Finally, Summit Global Investments purchased a new position in shares of DXP Enterprises in the 4th quarter worth approximately $675,000. Hedge funds and other institutional investors own 74.82% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered DXP Enterprises from a "buy" rating to a "hold" rating in a research note on Friday, May 16th.

DXP Enterprises Trading Up 3.1%

Shares of DXPE stock traded up $3.09 on Wednesday, reaching $102.80. 68,860 shares of the company's stock were exchanged, compared to its average volume of 162,028. DXP Enterprises, Inc. has a 52 week low of $45.00 and a 52 week high of $107.06. The company has a current ratio of 2.70, a quick ratio of 2.25 and a debt-to-equity ratio of 1.40. The stock has a market capitalization of $1.61 billion, a PE ratio of 21.41 and a beta of 1.16. The company's fifty day simple moving average is $86.60 and its 200 day simple moving average is $88.29.

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 (EPS) for the quarter, topping analysts' consensus estimates of $1.20 by $0.06. The firm had revenue of $476.57 million during the quarter, compared to analyst estimates of $477.00 million. DXP Enterprises had a return on equity of 20.41% and a net margin of 4.27%. As a group, analysts forecast that DXP Enterprises, Inc. will post 4.07 EPS for the current year.

Insiders Place Their Bets

In other 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 value of $4,030,140.74. Following the completion of the transaction, the chief operating officer directly owned 812,328 shares of the company's stock, valued at approximately $71,265,535.44. The trade was a 5.35% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CMO Paz Maestas sold 2,000 shares of the business's stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $81.16, for a total value of $162,320.00. Following the completion of the transaction, the chief marketing officer directly owned 605,737 shares of the company's stock, valued at approximately $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 ninety days, insiders have sold 53,938 shares of company stock valued at $4,690,731. 22.40% of the stock is currently owned by corporate insiders.

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).