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

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

A number of other institutional investors and hedge funds have also recently bought and sold shares of DXPE. Barclays PLC raised its position in DXP Enterprises by 355.4% in the third 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. JPMorgan Chase & Co. lifted its holdings in 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 buying an additional 64,611 shares during the period. Intech Investment Management LLC acquired a new stake in DXP Enterprises in the fourth quarter worth $447,000. Raymond James Financial Inc. acquired a new stake in DXP Enterprises in the fourth quarter worth $1,037,000. Finally, Prudential Financial Inc. raised its holdings in shares of DXP Enterprises by 96.2% during the fourth quarter. Prudential Financial Inc. now owns 26,105 shares of the industrial products company's stock worth $2,157,000 after acquiring an additional 12,800 shares during the period. Institutional investors and hedge funds own 74.82% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on DXPE. StockNews.com raised shares of DXP Enterprises from a "hold" rating to a "buy" rating in a report on Wednesday, April 2nd. Stephens boosted their target price on shares of DXP Enterprises from $75.00 to $95.00 and gave the company an "overweight" rating in a research report on Monday, March 10th.

DXP Enterprises Stock Down 4.1 %

Shares of DXPE stock traded down $3.37 on Thursday, hitting $78.09. The stock had a trading volume of 14,395 shares, compared to its average volume of 158,880. The stock has a market cap of $1.23 billion, a price-to-earnings ratio of 20.37 and a beta of 1.29. The business has a 50 day moving average of $88.26 and a 200 day moving average of $77.95. The company has a debt-to-equity ratio of 1.29, a current ratio of 2.22 and a quick ratio of 1.78. 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 announced its earnings results on Thursday, March 6th. The industrial products company reported $1.38 earnings per share for the quarter, beating analysts' consensus estimates of $0.89 by $0.49. The business had revenue of $470.91 million for the quarter, compared to the consensus estimate of $447.00 million. DXP Enterprises had a net margin of 3.75% and a return on equity of 18.74%. As a group, analysts expect that DXP Enterprises, Inc. will post 4.07 EPS for the current year.

Insider Transactions at DXP Enterprises

In related news, CEO David R. Little purchased 5,999 shares of the company's stock in a transaction dated Wednesday, March 26th. The shares were purchased 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 directly owns 1,257,593 shares in the company, valued at $104,002,941.10. The trade was a 0.48 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Kent Nee Hung Yee sold 3,457 shares of the firm's stock in a transaction that occurred 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 in the company, valued at approximately $6,088,317.07. The trade was a 4.78 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,785 shares of company stock worth $1,139,818. Insiders own 22.40% of the company's stock.

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).