Voya Investment Management LLC Has $1.62 Million Holdings in DXP Enterprises, Inc. $DXPE

Key Points

• Voya Investment Management LLC increased its holdings in DXP Enterprises, Inc. by 15% during Q1, owning 19,636 shares worth approximately $1.62 million at the end of the reporting period.
• Insiders have sold a total of 82,777 shares of DXP stock, worth about $8.45 million, indicating a decrease in their positions during recent months.
• Analysts have mixed ratings for DXP Enterprises, with one report downgrading the stock from a "strong-buy" to a "buy," while another raised it to a "moderate buy," showcasing varying confidence in the company’s performance.

Voya Investment Management LLC lifted its holdings in DXP Enterprises, Inc. (NASDAQ:DXPE - Free Report) by 15.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,636 shares of the industrial products company's stock after acquiring an additional 2,568 shares during the quarter. Voya Investment Management LLC owned approximately 0.13% of DXP Enterprises worth $1,615,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. 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 buying an additional 362 shares in the last quarter. Janney Montgomery Scott LLC acquired a new position in DXP Enterprises during the 1st quarter worth $210,000. Harbor Capital Advisors Inc. lifted its holdings in DXP Enterprises by 3,657.9% during the 1st quarter. Harbor Capital Advisors Inc. now owns 2,856 shares of the industrial products company's stock worth $235,000 after buying an additional 2,780 shares in the last quarter. Virtu Financial LLC acquired a new position in DXP Enterprises during the 1st quarter worth $286,000. Finally, ProShare Advisors LLC acquired a new position in DXP Enterprises during the 4th quarter worth $311,000. Institutional investors and hedge funds own 74.82% of the company's stock.

Insiders Place Their Bets

In related news, insider Christopher T. Gregory sold 5,000 shares of the firm's stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $122.00, for a total value of $610,000.00. Following the completion of the sale, the insider directly owned 24,436 shares in the company, valued at approximately $2,981,192. This trade represents a 16.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Nicholas Little sold 20,440 shares of the stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $118.53, for a total transaction of $2,422,753.20. Following the completion of the transaction, the chief operating officer directly owned 791,888 shares in the company, valued at approximately $93,862,484.64. This represents a 2.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 82,777 shares of company stock worth $8,454,679 in the last three months. Insiders own 22.40% of the company's stock.

Wall Street Analyst Weigh In

DXPE has been the topic of several research reports. Wall Street Zen downgraded DXP Enterprises from a "strong-buy" rating to a "buy" rating in a report on Saturday, September 13th. Singular Research raised DXP Enterprises to a "moderate buy" rating in a report on Tuesday, September 9th. Two analysts have rated the stock with a Buy rating, According to MarketBeat, DXP Enterprises presently has an average rating of "Buy" and an average price target of $95.00.

DXP Enterprises Trading Up 0.3%

DXP Enterprises stock opened at $116.47 on Tuesday. The firm has a 50-day moving average of $114.81 and a 200-day moving average of $94.90. DXP Enterprises, Inc. has a one year low of $48.45 and a one year high of $129.56. 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 company has a market cap of $1.83 billion, a price-to-earnings ratio of 22.23 and a beta of 1.24.

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

DXP Enterprises 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).

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