Federated Hermes Inc. Increases Holdings in DXP Enterprises, Inc. (NASDAQ:DXPE)

Federated Hermes Inc. lifted its position in DXP Enterprises, Inc. (NASDAQ:DXPE) by 8.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,962 shares of the industrial products company’s stock after buying an additional 888 shares during the period. Federated Hermes Inc. owned approximately 0.07% of DXP Enterprises worth $502,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. Dimensional Fund Advisors LP grew its stake in shares of DXP Enterprises by 1.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,122,651 shares of the industrial products company’s stock valued at $37,834,000 after purchasing an additional 14,328 shares during the period. Acadian Asset Management LLC grew its position in DXP Enterprises by 5.5% during the second quarter. Acadian Asset Management LLC now owns 101,058 shares of the industrial products company’s stock valued at $4,630,000 after buying an additional 5,311 shares during the period. LSV Asset Management increased its holdings in DXP Enterprises by 63.1% during the second quarter. LSV Asset Management now owns 90,495 shares of the industrial products company’s stock valued at $4,148,000 after buying an additional 35,011 shares during the last quarter. Principal Financial Group Inc. raised its position in DXP Enterprises by 5.1% in the first quarter. Principal Financial Group Inc. now owns 72,716 shares of the industrial products company’s stock worth $3,907,000 after acquiring an additional 3,540 shares during the period. Finally, Hillsdale Investment Management Inc. boosted its stake in shares of DXP Enterprises by 8.5% during the 1st quarter. Hillsdale Investment Management Inc. now owns 61,189 shares of the industrial products company’s stock worth $3,288,000 after acquiring an additional 4,800 shares during the last quarter. Institutional investors own 74.82% of the company’s stock.

Insider Activity

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 transaction, the chief marketing officer now owns 619,367 shares of the company’s stock, valued at approximately $30,348,983. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 22.10% of the company’s stock.

DXP Enterprises Price Performance

NASDAQ DXPE opened at $52.72 on Tuesday. The company has a current ratio of 2.39, a quick ratio of 1.92 and a debt-to-equity ratio of 1.35. DXP Enterprises, Inc. has a 12 month low of $28.82 and a 12 month high of $57.38. The stock has a market cap of $839.72 million, a price-to-earnings ratio of 14.64 and a beta of 1.59. The company’s 50 day moving average is $51.11 and its two-hundred day moving average is $50.24.

DXP Enterprises (NASDAQ:DXPE) last posted its quarterly earnings results on Thursday, August 8th. The industrial products company reported $1.02 EPS for the quarter. DXP Enterprises had a return on equity of 17.22% and a net margin of 3.57%. The company had revenue of $445.56 million for the quarter. As a group, research analysts anticipate that DXP Enterprises, Inc. will post 3.56 earnings per share for the current year.

About DXP Enterprises

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).