Principal Financial Group Inc. Has $6.11 Million Position in DXP Enterprises, Inc. (NASDAQ:DXPE)

Principal Financial Group Inc. grew its stake in DXP Enterprises, Inc. (NASDAQ:DXPE - Free Report) by 3.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 74,229 shares of the industrial products company's stock after purchasing an additional 2,728 shares during the period. Principal Financial Group Inc. owned about 0.47% of DXP Enterprises worth $6,106,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of DXPE. Wellington Management Group LLP acquired a new position in DXP Enterprises in the fourth quarter valued at about $67,901,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in DXP Enterprises by 5.7% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 720,320 shares of the industrial products company's stock valued at $59,513,000 after buying an additional 38,900 shares in the last quarter. Northern Trust Corp boosted its position in DXP Enterprises by 10.2% in the fourth quarter. Northern Trust Corp now owns 228,940 shares of the industrial products company's stock valued at $18,915,000 after buying an additional 21,220 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in DXP Enterprises by 2,589.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 149,349 shares of the industrial products company's stock valued at $12,339,000 after buying an additional 143,795 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in DXP Enterprises by 26.5% in the fourth quarter. JPMorgan Chase & Co. now owns 123,986 shares of the industrial products company's stock valued at $10,244,000 after buying an additional 25,942 shares in the last quarter. 74.82% of the stock is currently owned by institutional investors and hedge funds.

DXP Enterprises Price Performance

Shares of NASDAQ DXPE traded up $3.18 during trading on Thursday, reaching $100.41. The company had a trading volume of 311,822 shares, compared to its average volume of 160,830. DXP Enterprises, Inc. has a 52 week low of $45.00 and a 52 week high of $107.06. The stock has a market cap of $1.58 billion, a PE ratio of 20.88 and a beta of 1.16. The company has a debt-to-equity ratio of 1.40, a quick ratio of 2.25 and a current ratio of 2.70. The business's 50 day moving average price is $86.09 and its 200-day moving average price is $88.02.

DXP Enterprises (NASDAQ:DXPE - Get Free Report) last announced its 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 net margin of 4.27% and a return on equity of 20.41%. The company had revenue of $476.57 million during the quarter, compared to the consensus estimate of $477.00 million. Analysts expect that DXP Enterprises, Inc. will post 4.07 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded shares of DXP Enterprises from a "buy" rating to a "hold" rating in a research note on Friday, May 16th.

Insider Buying and Selling

In related news, COO Nicholas Little sold 45,938 shares of the business's stock in a transaction that occurred on Monday, June 30th. The shares were sold at an average price of $87.73, for a total transaction of $4,030,140.74. Following the completion of the sale, the chief operating officer directly owned 812,328 shares of the company's stock, valued at $71,265,535.44. The trade was a 5.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CMO Paz Maestas sold 2,000 shares of the business's stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $81.16, for a total transaction of $162,320.00. Following the sale, the chief marketing officer directly owned 605,737 shares of the company's stock, valued at approximately $49,161,614.92. This trade represents a 0.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 53,938 shares of company stock valued at $4,690,731. 22.70% of the stock is currently owned by 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).