LSV Asset Management Sells 19,746 Shares of DXP Enterprises, Inc. (NASDAQ:DXPE)

LSV Asset Management lowered its position in DXP Enterprises, Inc. (NASDAQ:DXPE - Free Report) by 21.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 70,749 shares of the industrial products company's stock after selling 19,746 shares during the period. LSV Asset Management owned 0.45% of DXP Enterprises worth $5,845,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Jane Street Group LLC increased its position in shares of DXP Enterprises by 9.6% during the third quarter. Jane Street Group LLC now owns 5,915 shares of the industrial products company's stock worth $316,000 after acquiring an additional 517 shares in the last quarter. Barclays PLC increased its holdings in DXP Enterprises by 355.4% during the 3rd quarter. Barclays PLC now owns 23,723 shares of the industrial products company's stock worth $1,267,000 after purchasing an additional 18,514 shares in the last quarter. 272 Capital LP purchased a new stake in shares of DXP Enterprises in the third quarter worth approximately $1,380,000. Principal Financial Group Inc. lifted its holdings in shares of DXP Enterprises by 0.3% in the third quarter. Principal Financial Group Inc. now owns 68,997 shares of the industrial products company's stock valued at $3,682,000 after purchasing an additional 178 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of DXP Enterprises by 193.3% in the third quarter. JPMorgan Chase & Co. now owns 98,044 shares of the industrial products company's stock valued at $5,232,000 after purchasing an additional 64,611 shares in the last quarter. Institutional investors and hedge funds own 74.82% of the company's stock.

Insider Buying and Selling

In related news, CEO David R. Little purchased 5,999 shares of the stock in a transaction that occurred on Wednesday, March 26th. The shares were bought at an average price of $82.70 per share, with a total value of $496,117.30. Following the acquisition, the chief executive officer now owns 1,257,593 shares of the company's stock, valued at $104,002,941.10. This trade represents a 0.48 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Kent Nee Hung Yee sold 3,457 shares of the stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of $88.43, for a total value of $305,702.51. Following the transaction, the chief financial officer now directly owns 68,849 shares of the company's stock, valued at approximately $6,088,317.07. This trade represents a 4.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,785 shares of company stock worth $1,139,818. Insiders own 22.40% of the company's stock.

DXP Enterprises Stock Performance

Shares of NASDAQ DXPE traded up $1.23 during midday trading on Friday, reaching $80.80. The company's stock had a trading volume of 217,050 shares, compared to its average volume of 160,589. The stock has a market capitalization of $1.27 billion, a P/E ratio of 20.82 and a beta of 1.29. The company has a debt-to-equity ratio of 1.29, a current ratio of 2.22 and a quick ratio of 1.78. The firm has a 50 day moving average price of $85.27 and a 200-day moving average price of $79.08. DXP Enterprises, Inc. has a 12-month low of $43.25 and a 12-month high of $107.06.

DXP Enterprises (NASDAQ:DXPE - Get Free Report) last posted its quarterly earnings data on Thursday, March 6th. The industrial products company reported $1.38 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.49. DXP Enterprises had a return on equity of 18.74% and a net margin of 3.75%. The business had revenue of $470.91 million for the quarter, compared to analysts' expectations of $447.00 million. As a group, equities analysts predict that DXP Enterprises, Inc. will post 4.07 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. StockNews.com raised DXP Enterprises from a "hold" rating to a "buy" rating in a research report on Friday. Stephens increased their target price on shares of DXP Enterprises from $75.00 to $95.00 and gave the company an "overweight" rating in a report on Monday, March 10th.

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).