Rockefeller Capital Management L.P. lessened its position in shares of DXP Enterprises, Inc. (NASDAQ:DXPE – Free Report) by 33.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 83,286 shares of the industrial products company’s stock after selling 42,064 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in DXP Enterprises were worth $9,144,000 at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. Wasatch Advisors LP raised its stake in shares of DXP Enterprises by 480.2% in the fourth quarter. Wasatch Advisors LP now owns 754,706 shares of the industrial products company’s stock worth $82,859,000 after purchasing an additional 624,638 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in DXP Enterprises by 12,369,100.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 371,076 shares of the industrial products company’s stock worth $40,785,000 after buying an additional 371,073 shares during the period. Wellington Management Group LLP increased its holdings in DXP Enterprises by 12.7% in the 4th quarter. Wellington Management Group LLP now owns 1,219,299 shares of the industrial products company’s stock worth $133,867,000 after buying an additional 137,577 shares during the period. Millennium Management LLC raised its position in DXP Enterprises by 661.5% during the 1st quarter. Millennium Management LLC now owns 128,956 shares of the industrial products company’s stock worth $10,608,000 after buying an additional 112,021 shares during the last quarter. Finally, Invesco Ltd. raised its position in DXP Enterprises by 41.6% during the 3rd quarter. Invesco Ltd. now owns 250,790 shares of the industrial products company’s stock worth $29,862,000 after buying an additional 73,653 shares during the last quarter. 74.82% of the stock is owned by institutional investors and hedge funds.
DXP Enterprises Price Performance
NASDAQ:DXPE opened at $166.99 on Friday. The company has a debt-to-equity ratio of 1.60, a current ratio of 2.98 and a quick ratio of 2.56. The firm has a market cap of $2.59 billion, a price-to-earnings ratio of 31.21 and a beta of 0.99. The company has a 50 day moving average price of $158.51 and a 200-day moving average price of $140.50. DXP Enterprises, Inc. has a 1-year low of $83.06 and a 1-year high of $183.91.
Analyst Upgrades and Downgrades
Several analysts have recently commented on DXPE shares. Zacks Research downgraded shares of DXP Enterprises from a “strong-buy” rating to a “hold” rating in a report on Monday, May 11th. Freedom Capital downgraded shares of DXP Enterprises from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 11th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of DXP Enterprises in a report on Friday, May 22nd. Loop Capital set a $154.00 price target on DXP Enterprises in a research report on Monday, March 2nd. Finally, Wall Street Zen lowered DXP Enterprises from a “buy” rating to a “hold” rating in a research note on Saturday, June 6th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, DXP Enterprises currently has an average rating of “Moderate Buy” and a consensus target price of $154.00.
Check Out Our Latest Stock Report on DXPE
Insider Transactions at DXP Enterprises
In other DXP Enterprises news, CMO Paz Maestas sold 10,000 shares of the company’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $164.37, for a total value of $1,643,700.00. Following the completion of the transaction, the chief marketing officer owned 590,262 shares in the company, valued at approximately $97,021,364.94. This represents a 1.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Timothy P. Halter sold 6,842 shares of the stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $141.59, for a total transaction of $968,758.78. Following the sale, the director directly owned 30,000 shares in the company, valued at approximately $4,247,700. The trade was a 18.57% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 22.00% of the company’s stock.
About DXP Enterprises
DXP Enterprises, Inc is a Houston, Texas–based industrial products and services distributor serving customers across North America. The company provides a broad portfolio of maintenance, repair and operations (MRO) supplies, including fluid power components, safety products, mechanical power transmission parts, and instrumentation. DXP’s product offering spans well-recognized private brands as well as equipment and parts from leading global manufacturers, enabling clients in energy, heavy industrial and manufacturing sectors to source critical components from a single supplier.
Through its network of service centers and specialized repair facilities, DXP delivers inventory management programs, turnkey fluid power rebuilds and custom assembly solutions.
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