Ameriprise Financial Inc. Sells 13,037 Shares of DXP Enterprises, Inc. (NASDAQ:DXPE)

Ameriprise Financial Inc. lowered its position in DXP Enterprises, Inc. (NASDAQ:DXPE - Free Report) by 9.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 120,666 shares of the industrial products company's stock after selling 13,037 shares during the period. Ameriprise Financial Inc. owned about 0.77% of DXP Enterprises worth $9,969,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Global Retirement Partners LLC lifted its holdings in DXP Enterprises by 2,220.0% during 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 raised its position in shares of DXP Enterprises by 3,150.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 520 shares of the industrial products company's stock worth $43,000 after purchasing an additional 504 shares during the period. Hsbc Holdings PLC bought a new position in shares of DXP Enterprises during the 4th quarter valued at about $208,000. Longboard Asset Management LP acquired a new position in shares of DXP Enterprises in the 4th quarter valued at approximately $216,000. Finally, Pictet Asset Management Holding SA bought a new stake in DXP Enterprises during the 4th quarter worth approximately $218,000. Institutional investors own 74.82% of the company's stock.

DXP Enterprises Stock Up 0.5%

Shares of DXPE stock traded up $0.42 on Friday, hitting $84.02. 60,313 shares of the stock were exchanged, compared to its average volume of 159,531. The company has a current ratio of 2.22, a quick ratio of 1.78 and a debt-to-equity ratio of 1.29. 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 fifty-two week low of $43.25 and a fifty-two week high of $107.06. The business has a 50-day moving average of $84.06 and a 200 day moving average of $85.37.

DXP Enterprises (NASDAQ:DXPE - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $1.26 earnings per share for the quarter, topping analysts' consensus estimates of $1.20 by $0.06. DXP Enterprises had a return on equity of 18.74% and a net margin of 3.75%. The firm had revenue of $476.57 million during the quarter, compared to the consensus estimate of $477.00 million. Equities analysts anticipate that DXP Enterprises, Inc. will post 4.07 EPS for the current year.

Insider Activity at DXP Enterprises

In other news, Director Timothy P. Halter sold 5,000 shares of the business's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $89.75, for a total transaction of $448,750.00. Following the transaction, the director now directly owns 45,925 shares in the company, valued at $4,121,768.75. The trade was a 9.82% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CMO Paz Maestas sold 3,000 shares of DXP Enterprises stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $87.00, for a total value of $261,000.00. Following the transaction, the chief marketing officer now owns 610,737 shares of the company's stock, valued at $53,134,119. The trade was a 0.49% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 15,785 shares of company stock valued at $1,400,818. 22.40% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on DXPE. Stephens lifted their price target on shares of DXP Enterprises from $75.00 to $95.00 and gave the company an "overweight" rating in a research note on Monday, March 10th. Wall Street Zen cut shares of DXP Enterprises from a "buy" rating to a "hold" rating in a research report on Friday, May 16th.

DXP Enterprises Company 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).