UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 4,321 Shares of DXP Enterprises, Inc. (NASDAQ:DXPE)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of DXP Enterprises, Inc. (NASDAQ:DXPE - Free Report) by 14.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,293 shares of the industrial products company's stock after purchasing an additional 4,321 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.21% of DXP Enterprises worth $2,751,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in DXPE. Wellington Management Group LLP acquired a new position in DXP Enterprises in the fourth quarter valued at approximately $67,901,000. Arrowstreet Capital Limited Partnership increased its stake in shares of DXP Enterprises by 2,589.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 149,349 shares of the industrial products company's stock valued at $12,339,000 after acquiring an additional 143,795 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position 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 valued at $59,513,000 after acquiring an additional 38,900 shares during the period. JPMorgan Chase & Co. boosted its stake in DXP Enterprises by 26.5% during 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. Finally, BNP Paribas Financial Markets grew its holdings in DXP Enterprises by 193.8% in the fourth quarter. BNP Paribas Financial Markets now owns 33,760 shares of the industrial products company's stock worth $2,789,000 after purchasing an additional 22,270 shares during the period. Institutional investors own 74.82% of the company's stock.

Insider Activity at DXP Enterprises

In other news, CMO Paz Maestas sold 4,328 shares of the stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $89.04, for a total value of $385,365.12. Following the completion of the sale, the chief marketing officer now directly owns 613,039 shares of the company's stock, valued at $54,584,992.56. This represents a 0.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO David R. Little bought 5,999 shares of the business's stock in a transaction that occurred on Wednesday, March 26th. The shares were bought at an average cost of $82.70 per share, for a total transaction of $496,117.30. Following the transaction, the chief executive officer now owns 1,257,593 shares of the company's stock, valued at $104,002,941.10. The trade was a 0.48% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 15,785 shares of company stock valued at $1,400,818. 22.70% of the stock is owned by corporate insiders.

DXP Enterprises Price Performance

Shares of DXPE opened at $80.99 on Friday. The business's fifty day moving average is $83.42 and its 200 day moving average is $85.95. DXP Enterprises, Inc. has a 12-month low of $43.25 and a 12-month high of $107.06. The company has a quick ratio of 1.78, a current ratio of 2.22 and a debt-to-equity ratio of 1.29. The stock has a market cap of $1.27 billion, a P/E ratio of 20.87 and a beta of 1.17.

DXP Enterprises (NASDAQ:DXPE - Get Free Report) last released its quarterly earnings data 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. The firm had revenue of $476.57 million for the quarter, compared to the consensus estimate of $477.00 million. DXP Enterprises had a net margin of 3.75% and a return on equity of 18.74%. Sell-side analysts anticipate that DXP Enterprises, Inc. will post 4.07 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

DXPE has been the subject of several research analyst reports. Stephens lifted their price target on shares of DXP Enterprises from $75.00 to $95.00 and gave the company an "overweight" rating in a research note on Monday, March 10th. Wall Street Zen lowered DXP Enterprises from a "buy" rating to a "hold" rating in a research report on Friday, May 16th.

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).

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