DXP Enterprises, Inc. $DXPE Shares Sold by Boston Partners

Key Points

• Boston Partners reduced its stake in DXP Enterprises by 3.4% during the first quarter, now holding 68,537 shares valued at approximately $5.64 million.
• DXP Enterprises reported earnings per share of $1.43 for the last quarter, surpassing analysts' expectations of $1.39.
• Insiders have sold a combined total of 58,938 shares of DXP Enterprises stock valued at $5.3 million in the past three months, indicating potential concerns about the stock's future performance.

Boston Partners decreased its position in shares of DXP Enterprises, Inc. (NASDAQ:DXPE - Free Report) by 3.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 68,537 shares of the industrial products company's stock after selling 2,386 shares during the quarter. Boston Partners owned approximately 0.44% of DXP Enterprises worth $5,638,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC grew its holdings in shares of DXP Enterprises by 54.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 10,406 shares of the industrial products company's stock worth $856,000 after purchasing an additional 3,649 shares during the last quarter. Janney Montgomery Scott LLC purchased a new position in shares of DXP Enterprises during the first quarter worth about $210,000. Informed Momentum Co LLC purchased a new position in shares of DXP Enterprises during the first quarter worth about $1,731,000. Illinois Municipal Retirement Fund grew its holdings in shares of DXP Enterprises by 8.1% during the first quarter. Illinois Municipal Retirement Fund now owns 6,777 shares of the industrial products company's stock worth $557,000 after purchasing an additional 508 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of DXP Enterprises by 14.9% during the fourth 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 worth $2,751,000 after buying an additional 4,321 shares during the last quarter. Hedge funds and other institutional investors own 74.82% of the company's stock.

DXP Enterprises Stock Performance

Shares of NASDAQ DXPE traded up $9.1950 during midday trading on Friday, reaching $125.3850. 110,912 shares of the company were exchanged, compared to its average volume of 186,320. The company has a current ratio of 2.79, a quick ratio of 2.33 and a debt-to-equity ratio of 1.33. DXP Enterprises, Inc. has a 1 year low of $45.81 and a 1 year high of $126.60. The stock has a fifty day simple moving average of $99.68 and a 200 day simple moving average of $90.85. The stock has a market cap of $1.97 billion, a P/E ratio of 23.93 and a beta of 1.25.

DXP Enterprises (NASDAQ:DXPE - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The industrial products company reported $1.43 EPS for the quarter, beating analysts' consensus estimates of $1.39 by $0.04. The firm had revenue of $498.68 million during the quarter, compared to the consensus estimate of $499.00 million. DXP Enterprises had a net margin of 4.52% and a return on equity of 20.94%. On average, research analysts forecast that DXP Enterprises, Inc. will post 4.07 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered DXP Enterprises from a "buy" rating to a "hold" rating in a report on Friday, May 16th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $95.00.

Insider Activity

In related news, SVP John Jay Jeffery sold 2,000 shares of the firm's stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $120.25, for a total value of $240,500.00. Following the completion of the sale, the senior vice president owned 24,008 shares in the company, valued at $2,886,962. This trade represents a 7.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CMO Paz Maestas sold 5,000 shares of the firm's stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $120.11, for a total transaction of $600,550.00. Following the completion of the sale, the chief marketing officer owned 600,737 shares of the company's stock, valued at approximately $72,154,521.07. The trade was a 0.83% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 62,938 shares of company stock worth $5,880,781 in the last three months. 22.70% of the stock is currently owned by company 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).