DXP Enterprises, Inc. $DXPE Shares Sold by First Trust Advisors LP

First Trust Advisors LP lowered its stake in DXP Enterprises, Inc. (NASDAQ:DXPE) by 7.3% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 345,354 shares of the industrial products company’s stock after selling 27,139 shares during the quarter. First Trust Advisors LP’s holdings in DXP Enterprises were worth $30,270,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of DXPE. GAMMA Investing LLC raised its holdings in shares of DXP Enterprises by 24.3% in the second quarter. GAMMA Investing LLC now owns 634 shares of the industrial products company’s stock worth $56,000 after acquiring an additional 124 shares during the last quarter. SummerHaven Investment Management LLC raised its stake in DXP Enterprises by 1.0% in the 2nd quarter. SummerHaven Investment Management LLC now owns 17,593 shares of the industrial products company’s stock valued at $1,542,000 after purchasing an additional 180 shares during the last quarter. Rezny Wealth Management Inc. lifted its holdings in DXP Enterprises by 1.2% in the 2nd quarter. Rezny Wealth Management Inc. now owns 17,803 shares of the industrial products company’s stock valued at $1,560,000 after purchasing an additional 215 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of DXP Enterprises by 7.3% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 3,264 shares of the industrial products company’s stock worth $286,000 after purchasing an additional 222 shares during the last quarter. Finally, Algert Global LLC grew its holdings in shares of DXP Enterprises by 2.6% during the first quarter. Algert Global LLC now owns 11,255 shares of the industrial products company’s stock worth $926,000 after buying an additional 280 shares in the last quarter. Institutional investors and hedge funds own 74.82% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on DXPE. Wall Street Zen downgraded shares of DXP Enterprises from a “buy” rating to a “hold” rating in a research note on Saturday, November 15th. Weiss Ratings reissued a “buy (b)” rating on shares of DXP Enterprises in a research note on Wednesday, October 8th. Finally, Singular Research upgraded DXP Enterprises to a “moderate buy” rating in a report on Tuesday, September 9th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, DXP Enterprises currently has a consensus rating of “Buy” and a consensus price target of $95.00.

DXP Enterprises Trading Up 2.2%

NASDAQ DXPE opened at $104.35 on Thursday. DXP Enterprises, Inc. has a one year low of $67.68 and a one year high of $130.97. The company’s 50 day moving average price is $107.57 and its 200 day moving average price is $104.93. The company has a debt-to-equity ratio of 1.27, a quick ratio of 2.36 and a current ratio of 2.77. The firm has a market capitalization of $1.64 billion, a price-to-earnings ratio of 19.76 and a beta of 1.01.

DXP Enterprises (NASDAQ:DXPE) last released its quarterly earnings data on Thursday, November 6th. The industrial products company reported $1.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.45 by ($0.11). DXP Enterprises had a return on equity of 19.62% and a net margin of 4.45%.The business had revenue of $513.72 million for the quarter, compared to analysts’ expectations of $499.00 million. On average, sell-side analysts predict that DXP Enterprises, Inc. will post 4.07 EPS for the current year.

Insiders Place Their Bets

In related news, COO Nicholas Little sold 20,440 shares of the stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $118.53, for a total value of $2,422,753.20. Following the completion of the sale, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Christopher T. Gregory sold 4,477 shares of the firm’s stock in a transaction dated Thursday, September 25th. The shares were sold at an average price of $119.76, for a total value of $536,165.52. Following the completion of the transaction, the insider directly owned 19,959 shares in the company, valued at $2,390,289.84. This trade represents a 18.32% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 22.70% of the stock is currently owned by corporate insiders.

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).