DXP Enterprises, Inc. (NASDAQ:DXPE) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. trimmed its position in DXP Enterprises, Inc. (NASDAQ:DXPE) by 5.4% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 68,819 shares of the industrial products company’s stock after selling 3,897 shares during the period. Principal Financial Group Inc. owned 0.43% of DXP Enterprises worth $3,155,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Innealta Capital LLC acquired a new position in DXP Enterprises in the second quarter worth about $29,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in DXP Enterprises by 39.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,113 shares of the industrial products company’s stock valued at $189,000 after acquiring an additional 1,174 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in DXP Enterprises by 781.0% in the second quarter. Allspring Global Investments Holdings LLC now owns 7,242 shares of the industrial products company’s stock valued at $332,000 after acquiring an additional 6,420 shares during the period. Assenagon Asset Management S.A. acquired a new position in DXP Enterprises in the second quarter valued at approximately $1,741,000. Finally, Aristides Capital LLC acquired a new position in DXP Enterprises in the first quarter valued at approximately $386,000. 74.82% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at DXP Enterprises

In other news, CMO Paz Maestas sold 2,500 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $49.00, for a total transaction of $122,500.00. Following the completion of the transaction, the chief marketing officer now directly owns 619,367 shares in the company, valued at $30,348,983. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 22.10% of the company’s stock.

DXP Enterprises Stock Performance

Shares of DXPE stock opened at $47.98 on Thursday. The company has a quick ratio of 1.92, a current ratio of 2.39 and a debt-to-equity ratio of 1.35. The business has a 50 day moving average of $50.08 and a two-hundred day moving average of $49.26. DXP Enterprises, Inc. has a 52 week low of $28.82 and a 52 week high of $57.38. The company has a market cap of $764.23 million, a P/E ratio of 13.33 and a beta of 1.59.

DXP Enterprises (NASDAQ:DXPE) last issued its earnings results on Thursday, August 8th. The industrial products company reported $1.02 EPS for the quarter. The company had revenue of $445.56 million during the quarter. DXP Enterprises had a return on equity of 17.22% and a net margin of 3.57%. As a group, analysts anticipate that DXP Enterprises, Inc. will post 3.16 EPS for the current year.

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).