DXP Enterprises, Inc. (NASDAQ:DXPE) Shares Sold by American Century Companies Inc.

American Century Companies Inc. lowered its position in DXP Enterprises, Inc. (NASDAQ:DXPE) by 3.1% in the fourth quarter, HoldingsChannel reports. The fund owned 653,952 shares of the industrial products company’s stock after selling 20,871 shares during the quarter. American Century Companies Inc.’s holdings in DXP Enterprises were worth $54,030,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Principal Financial Group Inc. increased its stake in shares of DXP Enterprises by 0.3% in the 3rd quarter. Principal Financial Group Inc. now owns 68,997 shares of the industrial products company’s stock valued at $3,682,000 after purchasing an additional 178 shares in the last quarter. Global Retirement Partners LLC increased its position in shares of DXP Enterprises by 2,220.0% in the fourth quarter. Global Retirement Partners LLC now owns 348 shares of the industrial products company’s stock valued at $29,000 after buying an additional 333 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in shares of DXP Enterprises by 3,150.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 520 shares of the industrial products company’s stock worth $43,000 after buying an additional 504 shares during the period. Jane Street Group LLC lifted its position in shares of DXP Enterprises by 9.6% during the 3rd quarter. Jane Street Group LLC now owns 5,915 shares of the industrial products company’s stock valued at $316,000 after buying an additional 517 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new stake in DXP Enterprises in the 3rd quarter valued at $41,000. 74.82% of the stock is owned by hedge funds and other institutional investors.

DXP Enterprises Stock Performance

Shares of NASDAQ:DXPE opened at $85.71 on Thursday. The company has a debt-to-equity ratio of 1.29, a current ratio of 2.22 and a quick ratio of 1.78. DXP Enterprises, Inc. has a 1 year low of $43.25 and a 1 year high of $107.06. The firm has a market capitalization of $1.35 billion, a PE ratio of 22.09 and a beta of 1.66. The business’s 50 day moving average price is $93.95 and its 200-day moving average price is $75.77.

DXP Enterprises (NASDAQ:DXPE) last announced its earnings results on Thursday, March 6th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.49. The company had revenue of $470.91 million for the quarter, compared to analysts’ expectations of $447.00 million. DXP Enterprises had a net margin of 3.75% and a return on equity of 18.74%. As a group, equities research analysts expect that DXP Enterprises, Inc. will post 4.07 earnings per share for the current fiscal year.

Insider Activity at DXP Enterprises

In other news, CMO Paz Maestas sold 4,328 shares of the company’s stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $89.04, for a total value of $385,365.12. Following the completion of the sale, the chief marketing officer now directly owns 613,039 shares in the company, valued at $54,584,992.56. This represents a 0.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Timothy P. Halter sold 5,000 shares of DXP Enterprises stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $89.75, for a total value of $448,750.00. Following the transaction, the director now owns 45,925 shares in the company, valued at approximately $4,121,768.75. The trade was a 9.82 % decrease in their position. The disclosure for this sale can be found here. 22.40% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. StockNews.com cut shares of DXP Enterprises from a “buy” rating to a “hold” rating in a research report on Tuesday. Stephens raised their price target on shares of DXP Enterprises from $75.00 to $95.00 and gave the company an “overweight” rating in a research note on Monday, March 10th.

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).