DXP Enterprises, Inc. $DXPE Stock Position Lessened by American Century Companies Inc.

American Century Companies Inc. cut its stake in DXP Enterprises, Inc. (NASDAQ:DXPE) by 30.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 451,728 shares of the industrial products company’s stock after selling 202,224 shares during the period. American Century Companies Inc. owned approximately 2.88% of DXP Enterprises worth $37,159,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. CWM LLC boosted its holdings in DXP Enterprises by 32.2% during the first quarter. CWM LLC now owns 1,487 shares of the industrial products company’s stock worth $122,000 after buying an additional 362 shares in the last quarter. Lazard Asset Management LLC purchased a new position in shares of DXP Enterprises during the fourth quarter valued at $159,000. Hsbc Holdings PLC acquired a new stake in DXP Enterprises during the 4th quarter worth about $208,000. Janney Montgomery Scott LLC purchased a new stake in shares of DXP Enterprises in the first quarter worth approximately $210,000. Finally, Harbor Capital Advisors Inc. lifted its position in DXP Enterprises by 3,657.9% in the 1st quarter. Harbor Capital Advisors Inc. now owns 2,856 shares of the industrial products company’s stock worth $235,000 after buying an additional 2,780 shares in the last quarter. Institutional investors own 74.82% of the company’s stock.

Insider Transactions at DXP Enterprises

In related news, insider Christopher T. Gregory sold 5,000 shares of the firm’s stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $122.00, for a total value of $610,000.00. Following the completion of the transaction, the insider directly owned 24,436 shares of the company’s stock, valued at $2,981,192. This trade represents a 16.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CMO Paz Maestas sold 5,000 shares of the business’s stock in a transaction on Monday, August 18th. The shares were sold at an average price of $120.11, for a total transaction of $600,550.00. Following the completion of the sale, the chief marketing officer directly owned 600,737 shares in the company, valued at $72,154,521.07. This trade represents a 0.83% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 62,938 shares of company stock valued at $5,880,781. Company insiders own 22.70% of the company’s stock.

DXP Enterprises Price Performance

NASDAQ:DXPE opened at $114.89 on Thursday. The company has a debt-to-equity ratio of 1.33, a current ratio of 2.79 and a quick ratio of 2.33. The stock has a market cap of $1.80 billion, a P/E ratio of 21.93 and a beta of 1.25. The company has a fifty day moving average price of $98.93 and a 200 day moving average price of $90.73. DXP Enterprises, Inc. has a one year low of $45.81 and a one year high of $123.63.

DXP Enterprises (NASDAQ:DXPE) last released its earnings results on Wednesday, August 6th. The industrial products company reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.04. DXP Enterprises had a net margin of 4.52% and a return on equity of 20.94%. The business had revenue of $498.68 million during the quarter, compared to analysts’ expectations of $499.00 million. Analysts anticipate that DXP Enterprises, Inc. will post 4.07 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded DXP Enterprises from a “buy” rating to a “hold” rating in a report on Friday, May 16th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $95.00.

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).