American Century Companies Inc. boosted its holdings in DXP Enterprises Inc (NASDAQ:DXPE) by 28.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 721,452 shares of the industrial products company’s stock after acquiring an additional 160,811 shares during the quarter. American Century Companies Inc.’s holdings in DXP Enterprises were worth $21,333,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Thrivent Financial For Lutherans increased its position in DXP Enterprises by 6.9% in the 2nd quarter. Thrivent Financial For Lutherans now owns 9,330 shares of the industrial products company’s stock valued at $322,000 after acquiring an additional 600 shares during the period. The Manufacturers Life Insurance Company increased its position in DXP Enterprises by 5.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 13,000 shares of the industrial products company’s stock valued at $448,000 after acquiring an additional 654 shares during the period. Great West Life Assurance Co. Can increased its position in DXP Enterprises by 9.6% in the 3rd quarter. Great West Life Assurance Co. Can now owns 22,960 shares of the industrial products company’s stock valued at $731,000 after acquiring an additional 2,011 shares during the period. Municipal Employees Retirement System of Michigan increased its position in DXP Enterprises by 59.9% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 5,820 shares of the industrial products company’s stock valued at $183,000 after acquiring an additional 2,180 shares during the period. Finally, Strs Ohio increased its position in DXP Enterprises by 11.7% in the 3rd quarter. Strs Ohio now owns 23,900 shares of the industrial products company’s stock valued at $752,000 after acquiring an additional 2,500 shares during the period. Hedge funds and other institutional investors own 74.57% of the company’s stock.

DXP Enterprises Inc (NASDAQ:DXPE) opened at $30.99 on Thursday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.79 and a current ratio of 2.51. The stock has a market capitalization of $533.93, a price-to-earnings ratio of 31.33 and a beta of 2.64. DXP Enterprises Inc has a one year low of $24.86 and a one year high of $42.00.

DXP Enterprises (NASDAQ:DXPE) last issued its quarterly earnings results on Thursday, November 2nd. The industrial products company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.06). The firm had revenue of $251.90 million for the quarter, compared to the consensus estimate of $250.42 million. DXP Enterprises had a net margin of 1.83% and a return on equity of 6.87%. The business’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.02 earnings per share. equities research analysts predict that DXP Enterprises Inc will post 0.67 earnings per share for the current year.

Several analysts recently commented on the company. BidaskClub cut DXP Enterprises from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 3rd. Zacks Investment Research upgraded DXP Enterprises from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a research report on Tuesday, January 30th. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $44.00.

In other DXP Enterprises news, insider Todd Hamlin sold 2,500 shares of the stock in a transaction on Friday, December 29th. The stock was sold at an average price of $29.68, for a total transaction of $74,200.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Kent Nee Hung Yee sold 2,200 shares of the stock in a transaction on Thursday, December 21st. The shares were sold at an average price of $29.69, for a total value of $65,318.00. Following the transaction, the insider now directly owns 40,984 shares of the company’s stock, valued at $1,216,814.96. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 34,200 shares of company stock valued at $1,010,218. 11.30% of the stock is currently owned by corporate insiders.

TRADEMARK VIOLATION NOTICE: “American Century Companies Inc. Has $21.33 Million Position in DXP Enterprises Inc (DXPE)” was posted by TheOlympiaReport and is the property of of TheOlympiaReport. If you are reading this piece on another site, it was illegally stolen and reposted in violation of US & international trademark and copyright laws. The original version of this piece can be read at https://theolympiareport.com/2018/02/15/american-century-companies-inc-has-21-33-million-position-in-dxp-enterprises-inc-dxpe.html.

About DXP Enterprises

DXP Enterprises, Inc (DXP) is engaged in the business of distributing maintenance, repair and operating (MRO) products, equipment and service to industrial customers. The Company operates through three segments: Service Centers, Supply Chain Services and Innovative Pumping Solutions. The Service Centers segment provides MRO products, equipment and services, including technical expertise and logistics capabilities to industrial customers.

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.