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

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wells Fargo & Company MN grew its position in DXP Enterprises by 28.2% in the 4th quarter. Wells Fargo & Company MN now owns 7,397 shares of the industrial products company's stock worth $611,000 after purchasing an additional 1,629 shares during the period. Russell Investments Group Ltd. boosted its stake in shares of DXP Enterprises by 25,610.8% in the 4th quarter. Russell Investments Group Ltd. now owns 9,513 shares of the industrial products company's stock worth $786,000 after buying an additional 9,476 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of DXP Enterprises in the fourth quarter worth $1,037,000. Sterling Capital Management LLC grew its holdings in shares of DXP Enterprises by 4.4% in the fourth quarter. Sterling Capital Management LLC now owns 7,656 shares of the industrial products company's stock worth $633,000 after acquiring an additional 326 shares during the period. Finally, XTX Topco Ltd purchased a new stake in DXP Enterprises during the fourth quarter valued at $481,000. Hedge funds and other institutional investors own 74.82% of the company's stock.

DXP Enterprises Stock Performance

NASDAQ DXPE traded down $1.17 on Wednesday, reaching $114.89. 137,857 shares of the stock were exchanged, compared to its average volume of 202,140. 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 one year low of $45.81 and a one year high of $123.63. The firm has a market capitalization of $1.80 billion, a PE ratio of 21.93 and a beta of 1.25. The company's 50-day simple moving average is $98.93 and its two-hundred day simple moving average is $90.73.

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

Insider Activity

In other news, insider Christopher T. Gregory sold 5,000 shares of the business's stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $122.00, for a total value of $610,000.00. Following the transaction, the insider directly owned 24,436 shares in the company, valued at $2,981,192. The trade was a 16.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CMO Paz Maestas sold 5,000 shares of the company's stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $120.11, for a total value of $600,550.00. Following the completion of the transaction, the chief marketing officer directly owned 600,737 shares of the company's stock, valued at approximately $72,154,521.07. This trade represents a 0.83% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 62,938 shares of company stock worth $5,880,781. 22.70% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

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

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).