American Century Companies Inc. boosted its position in shares of DXP Enterprises Inc (NASDAQ:DXPE) by 28.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 721,452 shares of the industrial products company’s stock after purchasing an additional 160,811 shares during the period. American Century Companies Inc. owned approximately 4.15% of DXP Enterprises worth $21,333,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of the business. Municipal Employees Retirement System of Michigan raised its stake in shares of DXP Enterprises by 59.9% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 5,820 shares of the industrial products company’s stock valued at $183,000 after acquiring an additional 2,180 shares during the period. Voya Investment Management LLC acquired a new position in shares of DXP Enterprises in the second quarter valued at approximately $243,000. BNP Paribas Arbitrage SA grew its holdings in shares of DXP Enterprises by 46.7% in the third quarter. BNP Paribas Arbitrage SA now owns 8,346 shares of the industrial products company’s stock valued at $263,000 after purchasing an additional 2,658 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. acquired a new position in shares of DXP Enterprises in the third quarter valued at approximately $290,000. Finally, Thrivent Financial For Lutherans grew its holdings in shares of DXP Enterprises by 6.9% in the second quarter. Thrivent Financial For Lutherans now owns 9,330 shares of the industrial products company’s stock valued at $322,000 after purchasing an additional 600 shares in the last quarter. 73.28% of the stock is currently owned by institutional investors.
In related news, insider Kent Nee Hung Yee sold 2,200 shares of the company’s stock in a transaction on Thursday, December 21st. The shares were sold at an average price of $29.69, for a total value of $65,318.00. Following the completion of the sale, the insider now owns 40,984 shares in the company, valued at approximately $1,216,814.96. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO David R. Little sold 13,500 shares of the company’s stock in a transaction on Wednesday, December 27th. The shares were sold at an average price of $29.50, for a total transaction of $398,250.00. Following the completion of the sale, the chief executive officer now owns 1,368,214 shares of the company’s stock, valued at approximately $40,362,313. The disclosure for this sale can be found here. In the last 90 days, insiders sold 34,200 shares of company stock valued at $1,010,218. Company insiders own 11.30% of the company’s stock.
A number of research analysts recently weighed in on DXPE shares. Zacks Investment Research cut shares of DXP Enterprises from a “hold” rating to a “sell” rating in a report on Tuesday, October 31st. BidaskClub upgraded shares of DXP Enterprises from a “buy” rating to a “strong-buy” rating in a report on Friday, January 26th. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $44.00.
Shares of DXP Enterprises Inc (NASDAQ:DXPE) traded up $0.21 during trading on Thursday, hitting $30.47. 45,700 shares of the stock traded hands, compared to its average volume of 91,334. DXP Enterprises Inc has a fifty-two week low of $24.86 and a fifty-two week high of $42.00. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.79 and a current ratio of 2.51. The firm has a market cap of $526.28, a PE ratio of 31.09 and a beta of 2.64.
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About DXP Enterprises
DXP Enterprises, Inc (DXP) is engaged in the business of distributing maintenance, repair and operating (MRO) products, equipment and service to industrial customers. The Company operates through three segments: Service Centers, Supply Chain Services and Innovative Pumping Solutions. The Service Centers segment provides MRO products, equipment and services, including technical expertise and logistics capabilities to industrial customers.
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