8,774 Shares in DXP Enterprises, Inc. $DXPE Purchased by Diversify Wealth Management LLC

Diversify Wealth Management LLC bought a new position in DXP Enterprises, Inc. (NASDAQ:DXPE) during the first quarter, Holdings Channel.com reports. The institutional investor bought 8,774 shares of the industrial products company’s stock, valued at approximately $1,226,000.

Several other institutional investors and hedge funds have also recently modified their holdings of DXPE. ProShare Advisors LLC grew its holdings in shares of DXP Enterprises by 3.4% during the fourth quarter. ProShare Advisors LLC now owns 2,527 shares of the industrial products company’s stock worth $277,000 after purchasing an additional 82 shares in the last quarter. CANADA LIFE ASSURANCE Co lifted its position in DXP Enterprises by 0.9% during the second quarter. CANADA LIFE ASSURANCE Co now owns 10,857 shares of the industrial products company’s stock valued at $950,000 after purchasing an additional 100 shares during the last quarter. Private Advisor Group LLC grew its stake in DXP Enterprises by 1.2% in the 3rd quarter. Private Advisor Group LLC now owns 10,247 shares of the industrial products company’s stock worth $1,220,000 after buying an additional 122 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of DXP Enterprises by 2.0% in the 3rd quarter. Franklin Resources Inc. now owns 9,228 shares of the industrial products company’s stock worth $1,099,000 after buying an additional 185 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of DXP Enterprises by 35.4% in the 4th quarter. GAMMA Investing LLC now owns 860 shares of the industrial products company’s stock worth $94,000 after buying an additional 225 shares during the last quarter. Hedge funds and other institutional investors own 74.82% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on DXPE. Weiss Ratings reaffirmed a “buy (b)” rating on shares of DXP Enterprises in a report on Friday, May 22nd. Wall Street Zen cut DXP Enterprises from a “buy” rating to a “hold” rating in a research note on Saturday, June 6th. Zacks Research downgraded DXP Enterprises from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 11th. Finally, Freedom Capital lowered DXP Enterprises from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 11th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $154.00.

Insider Activity

In other news, CMO Paz Maestas sold 10,000 shares of the business’s stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $164.37, for a total value of $1,643,700.00. Following the completion of the sale, the chief marketing officer owned 590,262 shares of the company’s stock, valued at approximately $97,021,364.94. The trade was a 1.67% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Timothy P. Halter sold 6,842 shares of the stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $141.59, for a total value of $968,758.78. Following the sale, the director owned 30,000 shares of the company’s stock, valued at $4,247,700. This represents a 18.57% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 22.00% of the company’s stock.

DXP Enterprises Trading Up 1.2%

DXPE stock opened at $165.54 on Thursday. The company has a market capitalization of $2.57 billion, a PE ratio of 30.94 and a beta of 0.97. The company has a debt-to-equity ratio of 1.60, a quick ratio of 2.56 and a current ratio of 2.98. DXP Enterprises, Inc. has a one year low of $84.04 and a one year high of $183.91. The company’s 50 day moving average price is $157.57 and its two-hundred day moving average price is $145.71.

DXP Enterprises (NASDAQ:DXPE) last announced its quarterly earnings data on Thursday, May 7th. The industrial products company reported $1.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.12). DXP Enterprises had a net margin of 4.27% and a return on equity of 18.16%. The business had revenue of $521.66 million during the quarter, compared to analysts’ expectations of $531.00 million. As a group, analysts predict that DXP Enterprises, Inc. will post 6.2 earnings per share for the current fiscal year.

DXP Enterprises Company Profile

DXP Enterprises, Inc is a Houston, Texas–based industrial products and services distributor serving customers across North America. The company provides a broad portfolio of maintenance, repair and operations (MRO) supplies, including fluid power components, safety products, mechanical power transmission parts, and instrumentation. DXP’s product offering spans well-recognized private brands as well as equipment and parts from leading global manufacturers, enabling clients in energy, heavy industrial and manufacturing sectors to source critical components from a single supplier.

Through its network of service centers and specialized repair facilities, DXP delivers inventory management programs, turnkey fluid power rebuilds and custom assembly solutions.