King Luther Capital Management Corp increased its position in DXP Enterprises Inc (NASDAQ:DXPE) by 15.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 519,060 shares of the industrial products company’s stock after buying an additional 71,350 shares during the period. King Luther Capital Management Corp owned about 2.98% of DXP Enterprises worth $19,828,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Swiss National Bank increased its position in DXP Enterprises by 5.9% during the first quarter. Swiss National Bank now owns 28,800 shares of the industrial products company’s stock worth $1,122,000 after purchasing an additional 1,600 shares during the last quarter. SG Americas Securities LLC increased its position in DXP Enterprises by 65.0% during the second quarter. SG Americas Securities LLC now owns 4,684 shares of the industrial products company’s stock worth $179,000 after purchasing an additional 1,845 shares during the last quarter. Legal & General Group Plc increased its position in DXP Enterprises by 6.4% during the second quarter. Legal & General Group Plc now owns 31,407 shares of the industrial products company’s stock worth $1,184,000 after purchasing an additional 1,900 shares during the last quarter. Principal Financial Group Inc. increased its position in DXP Enterprises by 2.4% during the first quarter. Principal Financial Group Inc. now owns 121,311 shares of the industrial products company’s stock worth $4,725,000 after purchasing an additional 2,877 shares during the last quarter. Finally, First Mercantile Trust Co. increased its position in DXP Enterprises by 100.4% during the first quarter. First Mercantile Trust Co. now owns 6,939 shares of the industrial products company’s stock worth $270,000 after purchasing an additional 3,476 shares during the last quarter. 76.77% of the stock is owned by institutional investors and hedge funds.

Shares of DXPE stock opened at $45.00 on Friday. DXP Enterprises Inc has a one year low of $24.89 and a one year high of $49.50. The company has a quick ratio of 1.74, a current ratio of 2.57 and a debt-to-equity ratio of 0.83. The company has a market cap of $815.46 million, a P/E ratio of 52.33 and a beta of 2.59.

DXP Enterprises (NASDAQ:DXPE) last issued its quarterly earnings results on Tuesday, August 7th. The industrial products company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.27 by $0.36. DXP Enterprises had a net margin of 2.31% and a return on equity of 8.83%. The firm had revenue of $311.23 million during the quarter, compared to analyst estimates of $287.10 million. research analysts anticipate that DXP Enterprises Inc will post 1.4 EPS for the current year.

In other DXP Enterprises news, Director Cletus Davis sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, June 11th. The shares were sold at an average price of $40.03, for a total transaction of $40,030.00. Following the completion of the sale, the director now directly owns 16,546 shares in the company, valued at $662,336.38. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO David R. Little sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, August 10th. The stock was sold at an average price of $48.41, for a total transaction of $2,420,500.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 55,000 shares of company stock valued at $2,652,530. 9.20% of the stock is owned by insiders.

Several equities analysts recently commented on the stock. BidaskClub raised shares of DXP Enterprises from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 23rd. Zacks Investment Research raised shares of DXP Enterprises from a “hold” rating to a “strong-buy” rating and set a $54.00 price target for the company in a research report on Monday, August 13th.

About DXP Enterprises

DXP Enterprises, Inc engages in distributing maintenance, repair, and operating (MRO) products, equipment, and services to energy and industrial customers in the United States. It operates through three segments: Service Centers, Supply Chain Services, and Innovative Pumping Solutions. The Service Centers segment offers MRO products, equipment, and integrated services, including technical expertise and logistics services.

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Institutional Ownership by Quarter for DXP Enterprises (NASDAQ:DXPE)

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