Nomura Holdings Inc. Acquires Shares of 70,887 DXP Enterprises, Inc. $DXPE

Key Points

• Nomura Holdings Inc. purchased 70,887 shares of DXP Enterprises, valued at approximately $5.83 million, resulting in a 0.45% stake in the company.
• Several institutional investors, including Wellington Management and Invesco Ltd., have significantly increased their stakes in DXP Enterprises recently, highlighting growing interest in the company.
• Wall Street analysts have dropped DXP Enterprises' rating from "buy" to "hold," although the stock maintains a consensus rating of "Buy" with a target price of $95.00.

Nomura Holdings Inc. acquired a new stake in shares of DXP Enterprises, Inc. (NASDAQ:DXPE - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The fund acquired 70,887 shares of the industrial products company's stock, valued at approximately $5,831,000. Nomura Holdings Inc. owned approximately 0.45% of DXP Enterprises as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. SummerHaven Investment Management LLC raised its position in shares of DXP Enterprises by 0.8% during the 1st quarter. SummerHaven Investment Management LLC now owns 17,413 shares of the industrial products company's stock valued at $1,432,000 after purchasing an additional 142 shares during the period. Algert Global LLC increased its stake in DXP Enterprises by 2.6% in the 1st quarter. Algert Global LLC now owns 11,255 shares of the industrial products company's stock worth $926,000 after buying an additional 280 shares in the last quarter. CastleKnight Management LP raised its holdings in DXP Enterprises by 0.3% during the fourth quarter. CastleKnight Management LP now owns 117,300 shares of the industrial products company's stock valued at $9,691,000 after acquiring an additional 300 shares during the period. CWM LLC lifted its position in shares of DXP Enterprises by 32.2% in the first quarter. CWM LLC now owns 1,487 shares of the industrial products company's stock valued at $122,000 after acquiring an additional 362 shares in the last quarter. Finally, Illinois Municipal Retirement Fund boosted its stake in shares of DXP Enterprises by 8.1% in the first quarter. Illinois Municipal Retirement Fund now owns 6,777 shares of the industrial products company's stock worth $557,000 after acquiring an additional 508 shares during the period. 74.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Insider Activity at DXP Enterprises

In other DXP Enterprises news, CMO Paz Maestas sold 5,000 shares of the stock in a transaction on 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 transaction, the chief marketing officer owned 600,737 shares in the company, valued at $72,154,521.07. This trade represents a 0.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP John Jay Jeffery sold 2,000 shares of the business's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $125.43, for a total transaction of $250,860.00. Following the completion of the sale, the senior vice president owned 20,008 shares in the company, valued at approximately $2,509,603.44. This trade represents a 9.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 67,337 shares of company stock valued at $6,431,516 over the last quarter. 22.40% of the stock is currently owned by insiders.

DXP Enterprises Price Performance

Shares of NASDAQ:DXPE traded down $1.51 during mid-day trading on Friday, reaching $124.31. The stock had a trading volume of 112,672 shares, compared to its average volume of 141,988. The business's 50 day moving average price is $108.97 and its 200 day moving average price is $92.46. DXP Enterprises, Inc. has a 1 year low of $45.81 and a 1 year high of $129.56. The company has a market cap of $1.95 billion, a P/E ratio of 23.72 and a beta of 1.24. 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 (NASDAQ:DXPE - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The industrial products company reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.04. The business had revenue of $498.68 million during the quarter, compared to analysts' expectations of $499.00 million. DXP Enterprises had a return on equity of 20.94% and a net margin of 4.52%. Research analysts expect that DXP Enterprises, Inc. will post 4.07 EPS for the current fiscal year.

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).