Voya Investment Management LLC Sells 4,621 Shares of DXP Enterprises, Inc. (NASDAQ:DXPE)

Voya Investment Management LLC lowered its holdings in shares of DXP Enterprises, Inc. (NASDAQ:DXPE - Free Report) by 21.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 17,068 shares of the industrial products company's stock after selling 4,621 shares during the period. Voya Investment Management LLC owned approximately 0.11% of DXP Enterprises worth $1,410,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Global Retirement Partners LLC raised its position in shares of DXP Enterprises by 2,220.0% during the fourth quarter. Global Retirement Partners LLC now owns 348 shares of the industrial products company's stock worth $29,000 after purchasing an additional 333 shares during the period. Smartleaf Asset Management LLC increased its position in shares of DXP Enterprises by 3,150.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 520 shares of the industrial products company's stock worth $43,000 after acquiring an additional 504 shares in the last quarter. Hsbc Holdings PLC acquired a new stake in shares of DXP Enterprises in the 4th quarter worth about $208,000. Longboard Asset Management LP bought a new stake in DXP Enterprises during the 4th quarter worth approximately $216,000. Finally, Pictet Asset Management Holding SA purchased a new stake in shares of DXP Enterprises in the fourth quarter worth approximately $218,000. 74.82% of the stock is currently owned by institutional investors.

DXP Enterprises Stock Performance

Shares of DXPE stock traded down $1.34 during trading on Friday, hitting $85.16. The company's stock had a trading volume of 147,815 shares, compared to its average volume of 160,993. The company has a current ratio of 2.22, a quick ratio of 1.78 and a debt-to-equity ratio of 1.29. The company has a market cap of $1.34 billion, a PE ratio of 21.95 and a beta of 1.26. The business has a fifty day moving average of $82.96 and a 200-day moving average of $82.83. DXP Enterprises, Inc. has a 52 week low of $43.25 and a 52 week high of $107.06.

DXP Enterprises (NASDAQ:DXPE - Get Free Report) last announced its earnings results on Wednesday, May 7th. The industrial products company reported $1.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.06. The firm had revenue of $476.57 million during the quarter, compared to analyst estimates of $477.00 million. DXP Enterprises had a return on equity of 18.74% and a net margin of 3.75%. As a group, research analysts anticipate that DXP Enterprises, Inc. will post 4.07 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on DXPE shares. Stephens lifted their target price on DXP Enterprises from $75.00 to $95.00 and gave the company an "overweight" rating in a research report on Monday, March 10th. StockNews.com upgraded shares of DXP Enterprises from a "hold" rating to a "buy" rating in a report on Thursday.

Insider Buying and Selling

In other DXP Enterprises news, CFO Kent Nee Hung Yee sold 3,457 shares of the stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of $88.43, for a total transaction of $305,702.51. Following the completion of 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 represents a 4.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO David R. Little bought 5,999 shares of the stock in a transaction on Wednesday, March 26th. The stock was purchased at an average price of $82.70 per share, for a total transaction of $496,117.30. Following the completion of the purchase, the chief executive officer now owns 1,257,593 shares of the company's stock, valued at approximately $104,002,941.10. This trade represents a 0.48 % increase in their ownership of the stock. The disclosure for this purchase 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.

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).