Charles Schwab Investment Management Inc. Decreases Stock Position in DXP Enterprises, Inc. (NASDAQ:DXPE)

Charles Schwab Investment Management Inc. decreased its position in shares of DXP Enterprises, Inc. (NASDAQ:DXPE) by 13.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 181,022 shares of the industrial products company’s stock after selling 29,281 shares during the period. Charles Schwab Investment Management Inc.’s holdings in DXP Enterprises were worth $9,659,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in DXPE. Renaissance Technologies LLC boosted its holdings in DXP Enterprises by 125.3% in the second quarter. Renaissance Technologies LLC now owns 111,300 shares of the industrial products company’s stock valued at $5,102,000 after purchasing an additional 61,900 shares during the last quarter. Pacer Advisors Inc. boosted its stake in shares of DXP Enterprises by 4.1% during the 3rd quarter. Pacer Advisors Inc. now owns 744,587 shares of the industrial products company’s stock valued at $39,731,000 after buying an additional 29,131 shares during the last quarter. Assenagon Asset Management S.A. acquired a new stake in shares of DXP Enterprises during the second quarter worth approximately $1,741,000. CWA Asset Management Group LLC bought a new stake in shares of DXP Enterprises in the third quarter worth $1,107,000. Finally, Innealta Capital LLC bought a new stake in shares of DXP Enterprises in the second quarter worth $29,000. Institutional investors and hedge funds own 74.82% of the company’s stock.

Analyst Ratings Changes

Separately, Stephens raised their price objective on shares of DXP Enterprises from $65.00 to $75.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th.

DXP Enterprises Stock Performance

DXPE stock opened at $78.31 on Tuesday. The stock’s 50 day simple moving average is $61.32 and its 200 day simple moving average is $53.65. DXP Enterprises, Inc. has a 12-month low of $30.08 and a 12-month high of $78.64. The firm has a market cap of $1.23 billion, a P/E ratio of 20.18 and a beta of 1.70. The company has a current ratio of 2.22, a quick ratio of 1.78 and a debt-to-equity ratio of 1.29.

DXP Enterprises (NASDAQ:DXPE) last issued its quarterly earnings data on Monday, November 4th. The industrial products company reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.48. The firm had revenue of $472.94 million during the quarter. DXP Enterprises had a return on equity of 18.74% and a net margin of 3.75%. During the same quarter in the previous year, the company earned $0.93 earnings per share. As a group, equities research analysts predict that DXP Enterprises, Inc. will post 4.07 EPS for the current year.

Insider Activity at DXP Enterprises

In other DXP Enterprises news, CMO Paz Maestas sold 2,000 shares of DXP Enterprises stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $53.21, for a total value of $106,420.00. Following the transaction, the chief marketing officer now owns 617,367 shares in the company, valued at approximately $32,850,098.07. The trade was a 0.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Christopher T. Gregory sold 1,000 shares of DXP Enterprises stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $73.10, for a total value of $73,100.00. Following the completion of the transaction, the insider now owns 29,606 shares in the company, valued at $2,164,198.60. The trade was a 3.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 22.40% of the stock is owned by insiders.

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).