Vanguard Group Inc. Has $112.63 Million Stake in DXP Enterprises, Inc. $DXPE

Key Points

• Vanguard Group trimmed its DXP Enterprises stake by 4.0% in Q3 to 945,946 shares (about 6.03% ownership) valued at approximately $112.63 million after selling 38,935 shares.
• DXP reported an earnings beat (Q: $1.39 EPS vs. $0.91 expected; revenue $527.39M vs. $499M expected) and trades with a $2.22B market cap and a P/E of 26.59, while analysts hold a consensus "Buy" rating with an average target of $124.50.
• Institutional ownership is high at 74.82%, with several funds notably increasing positions — e.g., American Century +24.5%, Millennium Management +661.5%, and Laurel Wealth Advisors +8,665% — signaling growing institutional interest.

Vanguard Group Inc. reduced its stake in shares of DXP Enterprises, Inc. (NASDAQ:DXPE - Free Report) by 4.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 945,946 shares of the industrial products company's stock after selling 38,935 shares during the quarter. Vanguard Group Inc. owned about 6.03% of DXP Enterprises worth $112,634,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. American Century Companies Inc. raised its holdings in DXP Enterprises by 24.5% in the second quarter. American Century Companies Inc. now owns 562,210 shares of the industrial products company's stock worth $49,278,000 after purchasing an additional 110,482 shares during the period. Geode Capital Management LLC raised its stake in DXP Enterprises by 2.9% during the 2nd quarter. Geode Capital Management LLC now owns 329,543 shares of the industrial products company's stock worth $28,888,000 after buying an additional 9,216 shares during the period. Millennium Management LLC lifted its holdings in DXP Enterprises by 661.5% during the first quarter. Millennium Management LLC now owns 128,956 shares of the industrial products company's stock worth $10,608,000 after acquiring an additional 112,021 shares in the last quarter. Laurel Wealth Advisors LLC grew its stake in DXP Enterprises by 8,665.0% in the second quarter. Laurel Wealth Advisors LLC now owns 122,710 shares of the industrial products company's stock valued at $10,756,000 after acquiring an additional 121,310 shares during the period. Finally, Nomura Holdings Inc. raised its position in shares of DXP Enterprises by 22.1% during the second quarter. Nomura Holdings Inc. now owns 86,578 shares of the industrial products company's stock worth $7,589,000 after purchasing an additional 15,691 shares during the period. Institutional investors and hedge funds own 74.82% of the company's stock.

Analyst Ratings Changes

Several analysts have commented on DXPE shares. Loop Capital set a $154.00 target price on shares of DXP Enterprises in a report on Monday. Wall Street Zen cut shares of DXP Enterprises from a "buy" rating to a "hold" rating in a research report on Saturday, November 15th. Finally, Weiss Ratings reiterated a "buy (b-)" rating on shares of DXP Enterprises in a report on Monday, December 29th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $124.50.

DXP Enterprises Stock Up 1.8%

DXPE stock opened at $143.06 on Thursday. The company has a market cap of $2.22 billion, a price-to-earnings ratio of 26.59 and a beta of 0.96. DXP Enterprises, Inc. has a twelve month low of $67.68 and a twelve month high of $171.70. The business has a 50 day moving average price of $131.16 and a two-hundred day moving average price of $118.97. The company has a quick ratio of 2.94, a current ratio of 3.34 and a debt-to-equity ratio of 1.64.

DXP Enterprises (NASDAQ:DXPE - Get Free Report) last announced its quarterly earnings data on Wednesday, February 25th. The industrial products company reported $1.39 EPS for the quarter, beating analysts' consensus estimates of $0.91 by $0.48. The company had revenue of $527.39 million during the quarter, compared to the consensus estimate of $499.00 million. DXP Enterprises had a net margin of 4.40% and a return on equity of 18.83%. Analysts anticipate that DXP Enterprises, Inc. will post 4.07 EPS for the current fiscal year.

About DXP Enterprises

DXP Enterprises, Inc is a Houston, Texas–based industrial products and services distributor serving customers across North America. The company provides a broad portfolio of maintenance, repair and operations (MRO) supplies, including fluid power components, safety products, mechanical power transmission parts, and instrumentation. DXP's product offering spans well-recognized private brands as well as equipment and parts from leading global manufacturers, enabling clients in energy, heavy industrial and manufacturing sectors to source critical components from a single supplier.

Through its network of service centers and specialized repair facilities, DXP delivers inventory management programs, turnkey fluid power rebuilds and custom assembly solutions.

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