DXP Enterprises, Inc. $DXPE Shares Sold by HHM Wealth Advisors LLC

HHM Wealth Advisors LLC decreased its stake in shares of DXP Enterprises, Inc. (NASDAQ:DXPE) by 13.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,378 shares of the industrial products company’s stock after selling 2,200 shares during the quarter. HHM Wealth Advisors LLC owned about 0.09% of DXP Enterprises worth $1,260,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in DXPE. Wellington Management Group LLP grew its holdings in shares of DXP Enterprises by 13.3% during the first quarter. Wellington Management Group LLP now owns 931,004 shares of the industrial products company’s stock valued at $76,584,000 after buying an additional 109,151 shares during the last quarter. Geode Capital Management LLC lifted its position in DXP Enterprises by 2.9% during the 2nd quarter. Geode Capital Management LLC now owns 329,543 shares of the industrial products company’s stock worth $28,888,000 after acquiring an additional 9,216 shares during the period. Invesco Ltd. grew its stake in DXP Enterprises by 22.6% during the 1st quarter. Invesco Ltd. now owns 280,430 shares of the industrial products company’s stock valued at $23,068,000 after purchasing an additional 51,664 shares during the last quarter. Millennium Management LLC increased its holdings in shares of DXP Enterprises by 661.5% in the first quarter. Millennium Management LLC now owns 128,956 shares of the industrial products company’s stock valued at $10,608,000 after purchasing an additional 112,021 shares during the period. Finally, Sei Investments Co. increased its holdings in shares of DXP Enterprises by 3.0% in the first quarter. Sei Investments Co. now owns 92,330 shares of the industrial products company’s stock valued at $7,627,000 after purchasing an additional 2,663 shares during the period. 74.82% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at DXP Enterprises

In other DXP Enterprises news, Director Karen Hoffman sold 2,399 shares of the firm’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $125.00, for a total value of $299,875.00. Following the transaction, the director owned 4,787 shares in the company, valued at approximately $598,375. This trade represents a 33.38% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Nicholas Little sold 20,440 shares of the company’s stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $118.53, for a total transaction of $2,422,753.20. Following the sale, the chief operating officer directly owned 791,888 shares of the company’s stock, valued at $93,862,484.64. The trade was a 2.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 29,316 shares of company stock valued at $3,509,654. Insiders own 22.70% of the company’s stock.

Analyst Upgrades and Downgrades

DXPE has been the subject of a number of research reports. Wall Street Zen downgraded DXP Enterprises from a “buy” rating to a “hold” rating in a report on Saturday. Singular Research upgraded shares of DXP Enterprises to a “moderate buy” rating in a research note on Tuesday, September 9th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of DXP Enterprises in a research note on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $95.00.

DXP Enterprises Price Performance

NASDAQ:DXPE opened at $85.53 on Wednesday. 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 firm 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 50 day moving average price of $115.17 and a 200-day moving average price of $104.33. DXP Enterprises, Inc. has a 1-year low of $67.31 and a 1-year high of $130.97.

DXP Enterprises (NASDAQ:DXPE) last announced 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 net margin of 4.52% and a return on equity of 20.94%. The business had revenue of $513.72 million during the quarter, compared to analysts’ expectations of $499.00 million. Equities research analysts forecast that DXP Enterprises, Inc. will post 4.07 EPS for the current year.

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).