Vanguard Group Inc. lowered its stake in shares of DXP Enterprises Inc (NASDAQ:DXPE) by 1.3% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,013,917 shares of the industrial products company’s stock after selling 12,844 shares during the period. Vanguard Group Inc. owned about 5.76% of DXP Enterprises worth $38,418,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. BlackRock Inc. raised its holdings in shares of DXP Enterprises by 1.4% during the 2nd quarter. BlackRock Inc. now owns 2,500,228 shares of the industrial products company’s stock valued at $94,734,000 after purchasing an additional 34,365 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of DXP Enterprises by 1.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 320,583 shares of the industrial products company’s stock valued at $12,477,000 after purchasing an additional 4,274 shares in the last quarter. Grandeur Peak Global Advisors LLC raised its holdings in shares of DXP Enterprises by 0.7% during the 2nd quarter. Grandeur Peak Global Advisors LLC now owns 279,812 shares of the industrial products company’s stock valued at $10,602,000 after purchasing an additional 1,925 shares in the last quarter. Wells Fargo & Company MN raised its holdings in shares of DXP Enterprises by 55.3% during the 2nd quarter. Wells Fargo & Company MN now owns 255,979 shares of the industrial products company’s stock valued at $9,699,000 after purchasing an additional 91,152 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in shares of DXP Enterprises by 2.7% during the 2nd quarter. Northern Trust Corp now owns 207,284 shares of the industrial products company’s stock valued at $7,853,000 after purchasing an additional 5,423 shares in the last quarter. 78.92% of the stock is owned by institutional investors.

A number of research analysts have recently weighed in on DXPE shares. Zacks Investment Research downgraded shares of DXP Enterprises from a “buy” rating to a “hold” rating in a report on Tuesday, September 17th. Sidoti downgraded shares of DXP Enterprises from a “buy” rating to a “neutral” rating in a report on Thursday, July 11th. BidaskClub downgraded shares of DXP Enterprises from a “hold” rating to a “sell” rating in a report on Friday, October 11th. Finally, ValuEngine upgraded shares of DXP Enterprises from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. DXP Enterprises has a consensus rating of “Hold” and a consensus price target of $47.00.

DXPE traded up $0.06 during trading on Wednesday, hitting $32.91. The stock had a trading volume of 1,171 shares, compared to its average volume of 75,462. The firm has a market cap of $574.00 million, a PE ratio of 17.14, a P/E/G ratio of 0.78 and a beta of 2.62. DXP Enterprises Inc has a 12 month low of $26.95 and a 12 month high of $45.66. The company has a current ratio of 2.56, a quick ratio of 1.75 and a debt-to-equity ratio of 0.87. The company has a 50 day simple moving average of $33.56 and a 200-day simple moving average of $35.76.

DXP Enterprises (NASDAQ:DXPE) last announced its earnings results on Tuesday, August 6th. The industrial products company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.65 by $0.08. The firm had revenue of $333.30 million for the quarter, compared to the consensus estimate of $331.07 million. DXP Enterprises had a net margin of 3.19% and a return on equity of 12.86%. The business’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.61 EPS. As a group, sell-side analysts anticipate that DXP Enterprises Inc will post 2.4 earnings per share for the current fiscal year.

DXP Enterprises Company Profile

DXP Enterprises, Inc engages in distributing maintenance, repair, and operating (MRO) products, equipment, and services to energy and industrial customers in the United States. It operates in three segments: Service Centers, Supply Chain Services, and Innovative Pumping Solutions. The Service Centers segment offers MRO products, equipment, and integrated services, including technical expertise and logistics services.

See Also: Why do companies engage in swaps?

Want to see what other hedge funds are holding DXPE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for DXP Enterprises Inc (NASDAQ:DXPE).

Institutional Ownership by Quarter for DXP Enterprises (NASDAQ:DXPE)

Receive News & Ratings for DXP Enterprises Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DXP Enterprises and related companies with MarketBeat.com's FREE daily email newsletter.