American Century Companies Inc. Sells 20,871 Shares of DXP Enterprises, Inc. (NASDAQ:DXPE)

American Century Companies Inc. cut its position in DXP Enterprises, Inc. (NASDAQ:DXPE) by 3.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 653,952 shares of the industrial products company’s stock after selling 20,871 shares during the quarter. American Century Companies Inc. owned approximately 4.17% of DXP Enterprises worth $54,030,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Summit Global Investments bought a new position in shares of DXP Enterprises during the 4th quarter worth approximately $675,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in DXP Enterprises in the fourth quarter worth $224,000. Harvest Fund Management Co. Ltd acquired a new position in shares of DXP Enterprises during the fourth quarter worth $471,000. Intech Investment Management LLC purchased a new stake in shares of DXP Enterprises during the 4th quarter valued at $447,000. Finally, Counterpoint Mutual Funds LLC purchased a new position in DXP Enterprises during the 4th quarter worth $511,000. 74.82% of the stock is owned by hedge funds and other institutional investors.

DXP Enterprises Price Performance

NASDAQ DXPE opened at $85.71 on Thursday. The company has a market cap of $1.35 billion, a price-to-earnings ratio of 22.09 and a beta of 1.66. The company has a debt-to-equity ratio of 1.29, a current ratio of 2.22 and a quick ratio of 1.78. The stock’s fifty day moving average price is $93.95 and its 200 day moving average price is $75.77. DXP Enterprises, Inc. has a 1 year low of $43.25 and a 1 year high of $107.06.

DXP Enterprises (NASDAQ:DXPE) last announced its quarterly earnings data on Thursday, March 6th. The industrial products company reported $1.38 earnings per share for the quarter, beating 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 business had revenue of $470.91 million for the quarter, compared to analyst estimates of $447.00 million. As a group, equities research analysts forecast that DXP Enterprises, Inc. will post 4.07 earnings per share for the current year.

Insider Buying and Selling

In other DXP Enterprises news, CMO Paz Maestas sold 4,328 shares of the stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $89.04, for a total transaction of $385,365.12. Following the sale, the chief marketing officer now directly owns 613,039 shares of the company’s stock, valued at approximately $54,584,992.56. This trade represents a 0.70 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Timothy P. Halter sold 5,000 shares of DXP Enterprises stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $89.75, for a total value of $448,750.00. Following the transaction, the director now owns 45,925 shares of the company’s stock, valued at $4,121,768.75. The trade was a 9.82 % decrease in their position. The disclosure for this sale can be found here. 22.40% of the stock is owned by corporate insiders.

Analyst Ratings Changes

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

About DXP Enterprises

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).