DXP Enterprises, Inc. (NASDAQ:DXPE) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans decreased its stake in shares of DXP Enterprises, Inc. (NASDAQ:DXPE) by 2.2% during the 4th quarter, Holdings Channel reports. The institutional investor owned 9,826 shares of the industrial products company’s stock after selling 217 shares during the period. Thrivent Financial for Lutherans’ holdings in DXP Enterprises were worth $812,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Global Retirement Partners LLC boosted its position in shares of DXP Enterprises by 2,220.0% during the 4th quarter. Global Retirement Partners LLC now owns 348 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 333 shares in the last quarter. Quantbot Technologies LP bought a new stake in DXP Enterprises during the third quarter worth approximately $41,000. Smartleaf Asset Management LLC grew its position in DXP Enterprises by 3,150.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 520 shares of the industrial products company’s stock worth $43,000 after buying an additional 504 shares during the last quarter. Longboard Asset Management LP bought a new position in shares of DXP Enterprises in the fourth quarter valued at $216,000. Finally, Savant Capital LLC acquired a new stake in shares of DXP Enterprises during the 4th quarter valued at $230,000. 74.82% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on DXPE shares. StockNews.com raised shares of DXP Enterprises from a “hold” rating to a “buy” rating in a research note on Wednesday. Stephens upped their price target on shares of DXP Enterprises from $75.00 to $95.00 and gave the company an “overweight” rating in a research report on Monday, March 10th.

Insider Activity

In other DXP Enterprises news, CFO Kent Nee Hung Yee sold 3,457 shares of the business’s stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $88.43, for a total transaction of $305,702.51. Following the completion of the sale, the chief financial officer now directly owns 68,849 shares of the company’s stock, valued at approximately $6,088,317.07. The trade was a 4.78 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO David R. Little bought 5,999 shares of the stock in a transaction on Wednesday, March 26th. The shares were acquired at an average cost of $82.70 per share, with a total value of $496,117.30. Following the acquisition, the chief executive officer now directly owns 1,257,593 shares in the company, valued at approximately $104,002,941.10. This trade represents a 0.48 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 12,785 shares of company stock worth $1,139,818. Company insiders own 22.40% of the company’s stock.

DXP Enterprises Trading Up 2.4 %

Shares of NASDAQ:DXPE opened at $84.91 on Thursday. The stock has a market capitalization of $1.33 billion, a PE ratio of 21.88 and a beta of 1.66. The firm has a fifty day moving average price of $92.04 and a 200 day moving average price of $76.98. DXP Enterprises, Inc. has a 1 year low of $43.25 and a 1 year high of $107.06. 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 results on Thursday, March 6th. The industrial products company reported $1.38 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.49. DXP Enterprises had a return on equity of 18.74% and a net margin of 3.75%. The company had revenue of $470.91 million during the quarter, compared to analyst estimates of $447.00 million. Analysts expect that DXP Enterprises, Inc. will post 4.07 EPS for the current fiscal year.

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).