Millennium Management LLC Has $1.40 Million Holdings in DXP Enterprises, Inc. (NASDAQ:DXPE)

Millennium Management LLC trimmed its holdings in shares of DXP Enterprises, Inc. (NASDAQ:DXPE - Free Report) by 86.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 16,935 shares of the industrial products company's stock after selling 105,521 shares during the period. Millennium Management LLC owned approximately 0.11% of DXP Enterprises worth $1,399,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DXPE. Wellington Management Group LLP bought a new position in shares of DXP Enterprises during the 4th quarter worth about $67,901,000. Arrowstreet Capital Limited Partnership lifted its holdings in shares of DXP Enterprises by 2,589.0% during 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 period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of DXP Enterprises by 5.7% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 720,320 shares of the industrial products company's stock worth $59,513,000 after acquiring an additional 38,900 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of DXP Enterprises by 26.5% during the 4th quarter. JPMorgan Chase & Co. now owns 123,986 shares of the industrial products company's stock worth $10,244,000 after acquiring an additional 25,942 shares during the period. Finally, BNP Paribas Financial Markets lifted its holdings in shares of DXP Enterprises by 193.8% during the 4th quarter. BNP Paribas Financial Markets now owns 33,760 shares of the industrial products company's stock worth $2,789,000 after acquiring an additional 22,270 shares during the period. 74.82% of the stock is owned by institutional investors.

DXP Enterprises Price Performance

DXPE stock traded up $1.08 during trading on Friday, hitting $82.07. 51,112 shares of the stock traded hands, compared to its average volume of 158,621. DXP Enterprises, Inc. has a one year low of $43.25 and a one year high of $107.06. The stock has a market cap of $1.29 billion, a price-to-earnings ratio of 21.15 and a beta of 1.17. The company has a 50 day simple moving average of $83.40 and a 200 day simple moving average of $86.04. The company has a current ratio of 2.22, a quick ratio of 1.78 and a debt-to-equity ratio of 1.29.

DXP Enterprises (NASDAQ:DXPE - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $1.26 earnings per share (EPS) for the quarter, beating the consensus estimate 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. Equities analysts expect that DXP Enterprises, Inc. will post 4.07 EPS for the current fiscal year.

Wall Street Analyst Weigh In

DXPE has been the subject of a number of analyst reports. Wall Street Zen downgraded shares of DXP Enterprises from a "buy" rating to a "hold" rating in a report on Friday, May 16th. 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 report on Monday, March 10th.

Insider Activity at DXP Enterprises

In other DXP Enterprises news, CMO Paz Maestas sold 4,328 shares of the firm's stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $89.04, for a total value of $385,365.12. Following the completion of the sale, the chief marketing officer now owns 613,039 shares in the company, valued at approximately $54,584,992.56. This trade represents a 0.70% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Timothy P. Halter sold 5,000 shares of the firm'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 completion of the sale, the director now owns 45,925 shares of the company's stock, valued at $4,121,768.75. The trade was a 9.82% decrease in their position. The disclosure for this sale can be found here. Insiders sold 15,785 shares of company stock valued at $1,400,818 in the last ninety days. Insiders own 22.70% of the company's stock.

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).