Wasatch Advisors LP Sells 121,065 Shares of DXP Enterprises, Inc. $DXPE

Wasatch Advisors LP trimmed its position in DXP Enterprises, Inc. (NASDAQ:DXPE) by 16.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 633,641 shares of the industrial products company’s stock after selling 121,065 shares during the quarter. Wasatch Advisors LP’s holdings in DXP Enterprises were worth $88,539,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Danske Bank A S acquired a new stake in DXP Enterprises during the 4th quarter worth $4,864,000. Nordea Investment Management AB bought a new stake in shares of DXP Enterprises in the 4th quarter valued at about $1,597,000. SG Americas Securities LLC raised its position in shares of DXP Enterprises by 646.7% in the 4th quarter. SG Americas Securities LLC now owns 15,143 shares of the industrial products company’s stock valued at $1,663,000 after acquiring an additional 13,115 shares during the period. Oliver Luxxe Assets LLC bought a new position in DXP Enterprises during the 4th quarter worth approximately $2,955,000. Finally, B. Metzler seel. Sohn & Co. AG acquired a new position in DXP Enterprises during the fourth quarter valued at approximately $1,591,000. 74.82% of the stock is owned by institutional investors.

DXP Enterprises Stock Performance

Shares of DXPE opened at $162.71 on Friday. 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 twelve month low of $84.04 and a twelve month high of $183.91. The firm’s 50 day moving average price is $158.73 and its two-hundred day moving average price is $140.66. The firm has a market cap of $2.52 billion, a P/E ratio of 30.41 and a beta of 0.99.

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

Wall Street Analysts Forecast Growth

Several brokerages have commented on DXPE. Wall Street Zen downgraded shares of DXP Enterprises from a “buy” rating to a “hold” rating in a research note on Saturday, June 6th. Zacks Research cut shares of DXP Enterprises from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 11th. Freedom Capital downgraded DXP Enterprises from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 11th. Loop Capital set a $154.00 target price on DXP Enterprises in a research note on Monday, March 2nd. Finally, Weiss Ratings restated a “buy (b)” rating on shares of DXP Enterprises in a report on Friday, May 22nd. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $154.00.

Insider Buying and Selling at DXP Enterprises

In related news, CMO Paz Maestas sold 10,000 shares of the company’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $164.37, for a total value of $1,643,700.00. Following the completion of the transaction, the chief marketing officer directly owned 590,262 shares of the company’s stock, valued at approximately $97,021,364.94. This represents a 1.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 stock was sold at an average price of $141.59, for a total value of $968,758.78. Following the transaction, the director owned 30,000 shares of the company’s stock, valued at approximately $4,247,700. This trade represents a 18.57% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 22.00% of the company’s stock.

DXP Enterprises 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.