Sei Investments Co. Buys 2,663 Shares of DXP Enterprises, Inc. $DXPE

Key Points

• Sei Investments Co. has increased its holdings in DXP Enterprises by 3.0%, acquiring an additional 2,663 shares, bringing its total to 92,330 shares valued at approximately $7.6 million.
• In the first quarter, various large investors, including Public Sector Pension Investment Board and Nuveen LLC, made significant purchases of DXP Enterprises shares, with 74.82% of the stock currently held by institutional investors.
• Following the latest earnings report, DXP Enterprises reported an EPS of $1.43, surpassing expectations, while the stock price is currently down 0.9% and has a market cap of $1.86 billion.

Sei Investments Co. raised its position in shares of DXP Enterprises, Inc. (NASDAQ:DXPE - Free Report) by 3.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 92,330 shares of the industrial products company's stock after acquiring an additional 2,663 shares during the period. Sei Investments Co. owned approximately 0.59% of DXP Enterprises worth $7,627,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. CWM LLC boosted its holdings in DXP Enterprises by 32.2% during 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 during the period. Lazard Asset Management LLC bought a new stake in DXP Enterprises during the fourth quarter valued at about $159,000. Hsbc Holdings PLC bought a new stake in DXP Enterprises during the fourth quarter valued at about $208,000. Janney Montgomery Scott LLC bought a new stake in DXP Enterprises during the first quarter valued at about $210,000. Finally, Harbor Capital Advisors Inc. boosted its holdings in DXP Enterprises by 3,657.9% during the first quarter. Harbor Capital Advisors Inc. now owns 2,856 shares of the industrial products company's stock valued at $235,000 after acquiring an additional 2,780 shares during the period. 74.82% of the stock is currently owned by institutional investors.

Insider Activity

In other news, COO Nicholas Little sold 45,938 shares of DXP Enterprises stock in a transaction that occurred on Monday, June 30th. The shares were sold at an average price of $87.73, for a total value of $4,030,140.74. Following the completion of the transaction, the chief operating officer owned 812,328 shares in the company, valued at approximately $71,265,535.44. The trade was a 5.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Christopher T. Gregory sold 5,000 shares of DXP Enterprises stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $122.00, for a total transaction of $610,000.00. Following the completion of the transaction, the insider owned 24,436 shares of the company's stock, valued at $2,981,192. This trade represents a 16.99% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 63,938 shares of company stock worth $5,901,281. Insiders own 22.40% of the company's stock.

DXP Enterprises Price Performance

NASDAQ DXPE traded down $4.5350 during trading on Tuesday, reaching $116.9850. 80,815 shares of the company traded hands, compared to its average volume of 187,371. The company has a debt-to-equity ratio of 1.33, a quick ratio of 2.33 and a current ratio of 2.79. The stock's 50 day moving average price is $97.53 and its two-hundred day moving average price is $90.38. The company has a market cap of $1.84 billion, a price-to-earnings ratio of 22.36 and a beta of 1.25. DXP Enterprises, Inc. has a 1-year low of $45.81 and a 1-year high of $123.63.

DXP Enterprises (NASDAQ:DXPE - Get Free Report) last released its quarterly earnings data 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. The company had revenue of $498.68 million for the quarter, compared to the consensus estimate of $499.00 million. DXP Enterprises had a return on equity of 20.94% and a net margin of 4.52%. As a group, analysts anticipate that DXP Enterprises, Inc. will post 4.07 EPS for the current year.

Analyst Upgrades and Downgrades

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

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).