Principal Financial Group Inc. Boosts Stock Position in DXP Enterprises, Inc. (NASDAQ:DXPE)

Principal Financial Group Inc. boosted its holdings in shares of DXP Enterprises, Inc. (NASDAQ:DXPE) by 0.3% during the third quarter, Holdings Channel reports. The firm owned 68,997 shares of the industrial products company’s stock after acquiring an additional 178 shares during the quarter. Principal Financial Group Inc.’s holdings in DXP Enterprises were worth $3,682,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Quantbot Technologies LP purchased a new position in shares of DXP Enterprises during the third quarter valued at approximately $41,000. Quest Partners LLC increased its position in DXP Enterprises by 24.8% during the 2nd quarter. Quest Partners LLC now owns 2,109 shares of the industrial products company’s stock valued at $97,000 after purchasing an additional 419 shares during the period. SG Americas Securities LLC bought a new position in DXP Enterprises in the 3rd quarter worth $197,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of DXP Enterprises by 39.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,113 shares of the industrial products company’s stock worth $189,000 after purchasing an additional 1,174 shares during the period. Finally, Jane Street Group LLC boosted its stake in shares of DXP Enterprises by 9.6% during the 3rd quarter. Jane Street Group LLC now owns 5,915 shares of the industrial products company’s stock valued at $316,000 after purchasing an additional 517 shares in the last quarter. Institutional investors own 74.82% of the company’s stock.

DXP Enterprises Stock Performance

Shares of DXPE stock opened at $84.39 on Friday. The company’s fifty day moving average price is $71.69 and its 200-day moving average price is $57.64. The stock has a market cap of $1.32 billion, a PE ratio of 21.75 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, Inc. has a 12 month low of $30.08 and a 12 month high of $86.50.

DXP Enterprises (NASDAQ:DXPE) last posted its quarterly earnings data on Monday, November 4th. The industrial products company reported $1.43 EPS for the quarter, topping the consensus estimate of $0.95 by $0.48. DXP Enterprises had a net margin of 3.75% and a return on equity of 18.74%. The business had revenue of $472.94 million for the quarter. During the same period in the previous year, the firm earned $0.93 EPS. On average, equities analysts expect that DXP Enterprises, Inc. will post 4.07 EPS for the current fiscal year.

Wall Street Analyst Weigh In

DXPE has been the subject of a number of research reports. StockNews.com downgraded shares of DXP Enterprises from a “buy” rating to a “hold” rating in a research note on Friday, December 20th. Stephens increased their target price on DXP Enterprises from $65.00 to $75.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th.

Insider Transactions at DXP Enterprises

In related news, insider Christopher T. Gregory sold 1,000 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $73.10, for a total value of $73,100.00. Following 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 position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 22.40% of the company’s stock.

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).