DXP Enterprises, Inc. (NASDAQ:DXPE) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. cut its holdings in DXP Enterprises, Inc. (NASDAQ:DXPE) by 10.7% during the second quarter, HoldingsChannel reports. The fund owned 23,589 shares of the industrial products company’s stock after selling 2,814 shares during the period. Victory Capital Management Inc.’s holdings in DXP Enterprises were worth $1,081,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Privium Fund Management UK Ltd purchased a new position in shares of DXP Enterprises during the 2nd quarter worth approximately $209,000. Innealta Capital LLC acquired a new position in DXP Enterprises during the second quarter worth $29,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of DXP Enterprises by 39.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,113 shares of the industrial products company’s stock worth $189,000 after buying an additional 1,174 shares during the period. Allspring Global Investments Holdings LLC grew its stake in shares of 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 buying an additional 6,420 shares in the last quarter. Finally, Assenagon Asset Management S.A. purchased a new stake in shares of DXP Enterprises in the 2nd quarter valued at $1,741,000. 74.82% of the stock is currently owned by hedge funds and other institutional investors.

DXP Enterprises Price Performance

DXPE opened at $52.75 on Friday. The firm has a market cap of $840.20 million, a price-to-earnings ratio of 14.65 and a beta of 1.59. The company has a current ratio of 2.39, a quick ratio of 1.92 and a debt-to-equity ratio of 1.35. The stock’s 50-day moving average price is $51.02 and its 200 day moving average price is $49.94. DXP Enterprises, Inc. has a 12-month low of $28.82 and a 12-month high of $57.38.

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

Insiders Place Their Bets

In other news, CMO Paz Maestas sold 2,000 shares of the company’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $53.21, for a total transaction of $106,420.00. Following the sale, the chief marketing officer now owns 617,367 shares of the company’s stock, valued at $32,850,098.07. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 22.10% of the stock is owned by company 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).