HHM Wealth Advisors LLC Reduces Stake in DXP Enterprises, Inc. $DXPE

HHM Wealth Advisors LLC lessened its stake in shares of DXP Enterprises, Inc. (NASDAQ:DXPE) by 13.3% during the 2nd quarter, Holdings Channel reports. The fund owned 14,378 shares of the industrial products company’s stock after selling 2,200 shares during the quarter. HHM Wealth Advisors LLC’s holdings in DXP Enterprises were worth $1,260,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Envestnet Asset Management Inc. acquired a new position in DXP Enterprises in the first quarter valued at approximately $1,420,000. CWM LLC lifted its stake in shares of DXP Enterprises by 32.2% in the 1st quarter. CWM LLC now owns 1,487 shares of the industrial products company’s stock valued at $122,000 after purchasing an additional 362 shares during the last quarter. Victory Capital Management Inc. lifted its stake in shares of DXP Enterprises by 113.3% in the 1st quarter. Victory Capital Management Inc. now owns 41,377 shares of the industrial products company’s stock valued at $3,404,000 after purchasing an additional 21,978 shares during the last quarter. Jennison Associates LLC purchased a new position in shares of DXP Enterprises during the 1st quarter worth $629,000. Finally, Private Advisor Group LLC acquired a new stake in shares of DXP Enterprises during the 1st quarter worth about $791,000. 74.82% of the stock is currently owned by institutional investors and hedge funds.

DXP Enterprises Stock Performance

NASDAQ:DXPE opened at $85.53 on Wednesday. The company has a market cap of $1.34 billion, a price-to-earnings ratio of 16.32 and a beta of 1.15. The company has a fifty day simple moving average of $115.17 and a two-hundred day simple moving average of $104.33. DXP Enterprises, Inc. has a 52 week low of $67.31 and a 52 week high of $130.97. The company has a quick ratio of 2.33, a current ratio of 2.79 and a debt-to-equity ratio of 1.33.

DXP Enterprises (NASDAQ:DXPE) last issued its quarterly earnings results on Thursday, November 6th. The industrial products company reported $1.34 earnings per share for the quarter, missing the consensus estimate of $1.45 by ($0.11). DXP Enterprises had a return on equity of 20.94% and a net margin of 4.52%.The company had revenue of $513.72 million for the quarter, compared to analysts’ expectations of $499.00 million. As a group, equities analysts anticipate that DXP Enterprises, Inc. will post 4.07 earnings per share for the current fiscal year.

Insider Activity

In related news, SVP John Jay Jeffery sold 2,000 shares of the stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $125.43, for a total value of $250,860.00. Following the transaction, the senior vice president owned 20,008 shares of the company’s stock, valued at $2,509,603.44. This represents a 9.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Christopher T. Gregory sold 4,477 shares of the firm’s stock in a transaction on 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 sale, the insider owned 19,959 shares in the company, valued at approximately $2,390,289.84. This represents a 18.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 29,316 shares of company stock valued at $3,509,654. 22.70% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

DXPE has been the topic of a number of recent analyst reports. Wall Street Zen cut shares of DXP Enterprises from a “buy” rating to a “hold” rating in a research report on Saturday. Weiss Ratings restated a “buy (b)” rating on shares of DXP Enterprises in a research note on Wednesday, October 8th. Finally, Singular Research raised DXP Enterprises to a “moderate buy” rating in a research note on Tuesday, September 9th. Three analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $95.00.

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).