SG Americas Securities LLC Purchases 6,178 Shares of DXP Enterprises, Inc. (NASDAQ:DXPE)

SG Americas Securities LLC lifted its holdings in shares of DXP Enterprises, Inc. (NASDAQ:DXPE - Free Report) by 243.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,712 shares of the industrial products company's stock after acquiring an additional 6,178 shares during the quarter. SG Americas Securities LLC owned 0.06% of DXP Enterprises worth $717,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in DXPE. Prudential Financial Inc. raised its holdings in shares of DXP Enterprises by 96.2% in the 4th quarter. Prudential Financial Inc. now owns 26,105 shares of the industrial products company's stock worth $2,157,000 after purchasing an additional 12,800 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of DXP Enterprises by 14.9% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 33,293 shares of the industrial products company's stock valued at $2,751,000 after buying an additional 4,321 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of DXP Enterprises during the 4th quarter worth $1,037,000. Intech Investment Management LLC bought a new position in shares of DXP Enterprises during the 4th quarter worth $447,000. Finally, Arrowstreet Capital Limited Partnership increased its holdings in DXP Enterprises by 2,589.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 149,349 shares of the industrial products company's stock worth $12,339,000 after acquiring an additional 143,795 shares during the last quarter. 74.82% of the stock is owned by hedge funds and other institutional investors.

DXP Enterprises Stock Performance

Shares of DXP Enterprises stock traded up $3.19 during trading hours on Tuesday, reaching $87.00. The company had a trading volume of 137,313 shares, compared to its average volume of 151,878. The business has a fifty day simple moving average of $83.88 and a 200 day simple moving average of $86.75. The firm has a market cap of $1.37 billion, a PE ratio of 18.09 and a beta of 1.17. 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.

DXP Enterprises (NASDAQ:DXPE - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $1.26 EPS for the quarter, beating the consensus estimate of $1.20 by $0.06. DXP Enterprises had a net margin of 4.27% and a return on equity of 20.41%. The company had revenue of $476.57 million during the quarter, compared to analysts' expectations of $477.00 million. On average, analysts anticipate that DXP Enterprises, Inc. will post 4.07 earnings per share for the current fiscal year.

Insider Activity

In related news, CMO Paz Maestas sold 2,000 shares of DXP Enterprises stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $81.16, for a total transaction of $162,320.00. Following the completion of the sale, the chief marketing officer now owns 605,737 shares of the company's stock, valued at approximately $49,161,614.92. This trade represents a 0.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO David R. Little bought 5,999 shares of the firm's stock in a transaction on Wednesday, March 26th. The stock was acquired at an average price of $82.70 per share, for a total transaction of $496,117.30. Following the completion of the purchase, the chief executive officer now directly owns 1,257,593 shares in the company, valued at approximately $104,002,941.10. The trade was a 0.48% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold 8,000 shares of company stock worth $660,590 in the last three months. Corporate insiders own 22.40% of the company's stock.

Analysts Set New Price Targets

DXPE has been the topic of several recent research reports. Stephens upped their price objective 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. Wall Street Zen cut shares of DXP Enterprises from a "buy" rating to a "hold" rating in a research note on Friday, May 16th.

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).