Nuveen LLC Invests $3.12 Million in DXP Enterprises, Inc. $DXPE

Key Points

• Nuveen LLC acquired 37,905 shares of DXP Enterprises, Inc. for approximately $3,118,000, representing about 0.24% of the company's stock according to its recent SEC filing.
• Other institutional investors, like CWM LLC and Harbor Capital Advisors Inc., have also increased their stakes in DXP Enterprises, which now has 74.82% ownership by institutional investors.
• DXP Enterprises reported $1.43 EPS for the last quarter, beating estimates, with analysts projecting annual earnings of 4.07 EPS for the fiscal year.

Nuveen LLC bought a new position in DXP Enterprises, Inc. (NASDAQ:DXPE - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The fund bought 37,905 shares of the industrial products company's stock, valued at approximately $3,118,000. Nuveen LLC owned 0.24% of DXP Enterprises at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Wellington Management Group LLP purchased a new position in shares of DXP Enterprises during the 4th quarter worth $67,901,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake 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 last quarter. Invesco Ltd. boosted its stake in shares of DXP Enterprises by 22.6% during the 1st quarter. Invesco Ltd. now owns 280,430 shares of the industrial products company's stock worth $23,068,000 after acquiring an additional 51,664 shares during the last quarter. Northern Trust Corp boosted its stake in shares of DXP Enterprises by 10.2% during the 4th quarter. Northern Trust Corp now owns 228,940 shares of the industrial products company's stock worth $18,915,000 after acquiring an additional 21,220 shares during the last quarter. Finally, CastleKnight Management LP boosted its stake in shares of DXP Enterprises by 0.3% during the 4th quarter. CastleKnight Management LP now owns 117,300 shares of the industrial products company's stock worth $9,691,000 after acquiring an additional 300 shares during the last quarter. Institutional investors own 74.82% of the company's stock.

DXP Enterprises Price Performance

Shares of DXPE traded down $1.22 during trading hours on Wednesday, reaching $120.22. 103,592 shares of the stock traded hands, compared to its average volume of 170,028. 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 52-week low of $45.81 and a 52-week high of $127.19. The company's 50-day moving average price is $107.44 and its two-hundred day moving average price is $92.25. The company has a market cap of $1.89 billion, a P/E ratio of 22.94 and a beta of 1.24.

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

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut shares of 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 has an average rating of "Buy" and an average price target of $95.00.

Insider Activity at DXP Enterprises

In other DXP Enterprises news, SVP John Jay Jeffery sold 2,000 shares of DXP Enterprises stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $125.43, for a total value of $250,860.00. Following the sale, the senior vice president directly owned 20,008 shares in the company, valued at approximately $2,509,603.44. The trade was a 9.09% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CMO Paz Maestas sold 5,000 shares of DXP Enterprises 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 sale, the chief marketing officer owned 600,737 shares in the company, valued at approximately $72,154,521.07. This represents a 0.83% 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 worth $6,431,516 in the last 90 days. Company insiders own 22.40% of the company's stock.

About DXP Enterprises

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).