Mirae Asset Global Investments Co. Ltd. Sells 75,329 Shares of DXP Enterprises, Inc. (NASDAQ:DXPE)

Mirae Asset Global Investments Co. Ltd. cut its position in DXP Enterprises, Inc. (NASDAQ:DXPE) by 14.9% in the 1st quarter, Holdings Channel.com reports. The firm owned 430,567 shares of the industrial products company’s stock after selling 75,329 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in DXP Enterprises were worth $23,134,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of DXPE. Quest Partners LLC bought a new position in shares of DXP Enterprises during the fourth quarter worth about $80,000. Maryland State Retirement & Pension System acquired a new stake in DXP Enterprises during the first quarter worth approximately $244,000. New York State Teachers Retirement System grew its stake in DXP Enterprises by 19.9% during the first quarter. New York State Teachers Retirement System now owns 5,851 shares of the industrial products company’s stock worth $314,000 after purchasing an additional 973 shares during the period. Allspring Global Investments Holdings LLC grew its stake in DXP Enterprises by 36.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 6,380 shares of the industrial products company’s stock valued at $215,000 after acquiring an additional 1,701 shares during the period. Finally, Louisiana State Employees Retirement System bought a new stake in shares of DXP Enterprises in the fourth quarter valued at $222,000. 74.82% of the stock is currently owned by institutional investors.

DXP Enterprises Stock Down 2.9 %

DXPE stock traded down $1.30 on Friday, reaching $43.61. 67,882 shares of the company traded hands, compared to its average volume of 192,251. DXP Enterprises, Inc. has a one year low of $28.70 and a one year high of $57.38. The company has a debt-to-equity ratio of 1.39, a current ratio of 2.69 and a quick ratio of 2.22. The company has a market cap of $694.71 million, a P/E ratio of 12.11 and a beta of 1.60. The firm has a fifty day simple moving average of $48.82 and a 200-day simple moving average of $43.43.

DXP Enterprises (NASDAQ:DXPE) last posted its earnings results on Wednesday, May 8th. The industrial products company reported $0.74 EPS for the quarter. The business had revenue of $412.64 million during the quarter. DXP Enterprises had a return on equity of 17.93% and a net margin of 3.75%. Research analysts anticipate that DXP Enterprises, Inc. will post 3.16 earnings per share for the current year.

Insiders Place Their Bets

In other DXP Enterprises news, CMO Paz Maestas sold 4,000 shares of DXP Enterprises stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $48.14, for a total value of $192,560.00. Following the completion of the sale, the chief marketing officer now owns 621,867 shares of the company’s stock, valued at approximately $29,936,677.38. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 22.10% of the company’s stock.

Analysts Set New Price Targets

DXPE has been the topic of a number of analyst reports. StockNews.com lowered DXP Enterprises from a “strong-buy” rating to a “buy” rating in a research note on Friday, May 10th. TheStreet upgraded DXP Enterprises from a “c+” rating to a “b-” rating in a research report on Thursday, March 14th.

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).