Principal Financial Group Inc. Purchases 2,728 Shares of DXP Enterprises, Inc. (NASDAQ:DXPE)

Principal Financial Group Inc. increased its holdings in DXP Enterprises, Inc. (NASDAQ:DXPE - Free Report) by 3.8% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 74,229 shares of the industrial products company's stock after buying 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 filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Wellington Management Group LLP bought a new stake in DXP Enterprises in the 4th quarter valued at about $67,901,000. Arrowstreet Capital Limited Partnership increased its position in shares of 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 worth $12,339,000 after acquiring an additional 143,795 shares in the last quarter. GAMMA Investing LLC increased its position in shares of DXP Enterprises by 9,327.6% in the first quarter. GAMMA Investing LLC now owns 41,953 shares of the industrial products company's stock worth $3,451,000 after acquiring an additional 41,508 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of 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 worth $59,513,000 after acquiring an additional 38,900 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of DXP Enterprises by 26.5% in the fourth 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 in the last quarter. 74.82% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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.

Insider Transactions at DXP Enterprises

In other DXP Enterprises news, CMO Paz Maestas sold 3,000 shares of the company's stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $79.09, for a total transaction of $237,270.00. Following the transaction, the chief marketing officer directly owned 607,737 shares in the company, valued at approximately $48,065,919.33. This represents a 0.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Nicholas Little sold 45,938 shares of the 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 owned 812,328 shares in the company, valued at $71,265,535.44. This represents a 5.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 53,938 shares of company stock worth $4,690,731. Corporate insiders own 22.70% of the company's stock.

DXP Enterprises Stock Performance

NASDAQ:DXPE traded down $0.80 during trading hours on Friday, hitting $99.61. 634,273 shares of the company traded hands, compared to its average volume of 161,888. The stock has a market capitalization of $1.56 billion, a price-to-earnings ratio of 20.71 and a beta of 1.16. DXP Enterprises, Inc. has a twelve month low of $45.00 and a twelve month high of $107.06. The firm has a 50-day moving average of $86.38 and a 200 day moving average of $88.17. The company has a current ratio of 2.70, a quick ratio of 2.25 and a debt-to-equity ratio of 1.40.

DXP Enterprises (NASDAQ:DXPE - Get Free Report) last posted its earnings results on Wednesday, May 7th. The industrial products company reported $1.26 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.06. DXP Enterprises had a net margin of 4.27% and a return on equity of 20.41%. The business had revenue of $476.57 million for the quarter, compared to analyst estimates of $477.00 million. On average, analysts forecast that DXP Enterprises, Inc. will post 4.07 EPS for the current year.

DXP Enterprises Company 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).