Wellington Management Group LLP Takes $67.90 Million Position in DXP Enterprises, Inc. (NASDAQ:DXPE)

Wellington Management Group LLP acquired a new stake in DXP Enterprises, Inc. (NASDAQ:DXPE - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 821,853 shares of the industrial products company's stock, valued at approximately $67,901,000. Wellington Management Group LLP owned approximately 5.24% of DXP Enterprises at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of DXP Enterprises by 14.9% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 33,293 shares of the industrial products company's stock worth $2,751,000 after buying an additional 4,321 shares during the period. State of Wyoming grew its stake in shares of DXP Enterprises by 21.9% during the fourth quarter. State of Wyoming now owns 8,724 shares of the industrial products company's stock worth $721,000 after purchasing an additional 1,569 shares during the period. ProShare Advisors LLC acquired a new stake in shares of DXP Enterprises during the fourth quarter worth $311,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of DXP Enterprises by 5.7% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 720,320 shares of the industrial products company's stock worth $59,513,000 after purchasing an additional 38,900 shares during the period. Finally, Lazard Asset Management LLC acquired a new stake in shares of DXP Enterprises during the fourth quarter worth $159,000. Institutional investors and hedge funds own 74.82% of the company's stock.

Insiders Place Their Bets

In related news, Director Timothy P. Halter sold 5,000 shares of the stock in a transaction on Monday, March 24th. The shares were sold at an average price of $89.75, for a total transaction of $448,750.00. Following the completion of the transaction, the director now owns 45,925 shares in the company, valued at approximately $4,121,768.75. This represents a 9.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CMO Paz Maestas sold 3,000 shares of the stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $87.00, for a total transaction of $261,000.00. Following the transaction, the chief marketing officer now owns 610,737 shares of the company's stock, valued at approximately $53,134,119. This represents a 0.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 15,785 shares of company stock valued at $1,400,818 in the last quarter. 22.70% of the stock is currently owned by insiders.

DXP Enterprises Stock Down 0.3%

Shares of DXPE traded down $0.28 on Friday, hitting $82.72. The company's stock had a trading volume of 72,988 shares, compared to its average volume of 158,913. 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 firm's fifty day moving average price is $83.72 and its 200-day moving average price is $85.53. DXP Enterprises, Inc. has a fifty-two week low of $43.25 and a fifty-two week high of $107.06. The firm has a market capitalization of $1.30 billion, a price-to-earnings ratio of 21.32 and a beta of 1.26.

DXP Enterprises (NASDAQ:DXPE - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $1.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.06. The company had revenue of $476.57 million during 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%. On average, equities research analysts expect that DXP Enterprises, Inc. will post 4.07 EPS for the current year.

Wall Street Analysts Forecast Growth

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

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).