Vanguard Group Inc. Has $77.66 Million Stock Holdings in DXP Enterprises, Inc. $DXPE

Key Points

• Vanguard Group Inc. has reduced its shareholding in DXP Enterprises by 0.9%, now owning approximately 944,018 shares worth about $77.7 million.
• DXP Enterprises reported a quarterly EPS of $1.43, exceeding analysts' expectations, although the revenue fell slightly short of forecasts.
• Insider trading activities included COO Nicholas Little selling 45,938 shares for over $4 million, representing a 5.35% decrease in his ownership of the stock.

Vanguard Group Inc. lessened its position in shares of DXP Enterprises, Inc. (NASDAQ:DXPE - Free Report) by 0.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 944,018 shares of the industrial products company's stock after selling 8,890 shares during the period. Vanguard Group Inc. owned 6.01% of DXP Enterprises worth $77,655,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in DXPE. CWM LLC lifted its holdings in DXP Enterprises by 32.2% during the 1st quarter. CWM LLC now owns 1,487 shares of the industrial products company's stock worth $122,000 after purchasing an additional 362 shares in the last quarter. Lazard Asset Management LLC bought a new position in DXP Enterprises during the 4th quarter worth approximately $159,000. Hsbc Holdings PLC purchased a new position in DXP Enterprises in the 4th quarter worth approximately $208,000. Janney Montgomery Scott LLC purchased a new position in DXP Enterprises in the 1st quarter worth approximately $210,000. Finally, Harbor Capital Advisors Inc. increased its stake in DXP Enterprises by 3,657.9% in the 1st quarter. Harbor Capital Advisors Inc. now owns 2,856 shares of the industrial products company's stock worth $235,000 after purchasing an additional 2,780 shares during the period. Hedge funds and other institutional investors own 74.82% of the company's stock.

DXP Enterprises Stock Performance

Shares of NASDAQ DXPE traded up $2.32 during mid-day trading on Thursday, hitting $126.50. The company had a trading volume of 59,519 shares, compared to its average volume of 185,475. The company has a debt-to-equity ratio of 1.33, a current ratio of 2.79 and a quick ratio of 2.33. The business's 50-day simple moving average is $103.41 and its 200-day simple moving average is $91.49. DXP Enterprises, Inc. has a 12 month low of $45.81 and a 12 month high of $127.19. The firm has a market cap of $1.98 billion, a P/E ratio of 24.14 and a beta of 1.25.

DXP Enterprises (NASDAQ:DXPE - Get Free Report) last released its earnings results on Wednesday, August 6th. The industrial products company reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.04. DXP Enterprises had a net margin of 4.52% and a return on equity of 20.94%. The business had revenue of $498.68 million during the quarter, compared to analysts' expectations of $499.00 million. As a group, analysts predict that DXP Enterprises, Inc. will post 4.07 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, COO Nicholas Little sold 45,938 shares of the stock in a transaction dated 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 sale, the chief operating officer owned 812,328 shares in the company, valued at approximately $71,265,535.44. This trade represents a 5.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Christopher T. Gregory sold 5,000 shares of the stock in a transaction dated 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 sale, the insider owned 24,436 shares of the company's stock, valued at approximately $2,981,192. The trade was a 16.99% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 67,337 shares of company stock valued at $6,431,516 in the last quarter. 22.70% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered DXP Enterprises from a "buy" rating to a "hold" rating in a research report on Friday, May 16th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus 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).