BNP Paribas Financial Markets Has $613,000 Stock Holdings in DXP Enterprises, Inc. (NASDAQ:DXPE)

BNP Paribas Financial Markets reduced its position in DXP Enterprises, Inc. (NASDAQ:DXPE) by 29.4% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 11,490 shares of the industrial products company’s stock after selling 4,778 shares during the period. BNP Paribas Financial Markets’ holdings in DXP Enterprises were worth $613,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Assenagon Asset Management S.A. acquired a new stake in shares of DXP Enterprises during the 2nd quarter worth approximately $1,741,000. Allspring Global Investments Holdings LLC grew its holdings in DXP Enterprises by 781.0% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 7,242 shares of the industrial products company’s stock worth $332,000 after acquiring an additional 6,420 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of DXP Enterprises by 39.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,113 shares of the industrial products company’s stock valued at $189,000 after acquiring an additional 1,174 shares during the last quarter. Innealta Capital LLC acquired a new position in shares of DXP Enterprises in the 2nd quarter valued at $29,000. Finally, Privium Fund Management UK Ltd bought a new position in shares of DXP Enterprises in the 2nd quarter worth $209,000. Institutional investors own 74.82% of the company’s stock.

Wall Street Analysts Forecast Growth

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

DXP Enterprises Stock Performance

NASDAQ DXPE opened at $80.58 on Friday. The stock has a market cap of $1.26 billion, a PE ratio of 20.77 and a beta of 1.70. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.78 and a current ratio of 2.22. The firm has a 50-day moving average of $62.99 and a 200-day moving average of $54.23. DXP Enterprises, Inc. has a 52-week low of $30.08 and a 52-week high of $82.33.

DXP Enterprises (NASDAQ:DXPE) last announced its quarterly earnings data on Monday, November 4th. The industrial products company reported $1.43 earnings per share for the quarter, beating the consensus estimate 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 period in the prior year, the firm earned $0.93 earnings per share. On average, sell-side analysts anticipate that DXP Enterprises, Inc. will post 4.07 EPS for the current year.

Insider Buying and Selling at DXP Enterprises

In related news, CMO Paz Maestas sold 2,000 shares of the business’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $53.21, for a total value of $106,420.00. Following the completion of the sale, the chief marketing officer now directly owns 617,367 shares of the company’s stock, valued at $32,850,098.07. The trade was a 0.32 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Christopher T. Gregory sold 1,000 shares of DXP Enterprises stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $73.10, for a total transaction of $73,100.00. Following the transaction, the insider now owns 29,606 shares of the company’s stock, valued at $2,164,198.60. This represents a 3.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 22.40% of the company’s stock.

DXP Enterprises Company 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).