SCHEDULE 13G: FMR LLC and Abigail P. Johnson Disclose 5.8% Passive Stake in DXP Enterprises
Beneficial Ownership Report
FMR LLC and Abigail P. Johnson have jointly filed a Schedule 13G, reporting a passive beneficial ownership of 5.8% of DXP Enterprises Inc./TX common stock as of December 31, 2024.
Summary
- FMR LLC and Abigail P. Johnson have filed a Schedule 13G, indicating their beneficial ownership in DXP Enterprises Inc./TX.
- As of December 31, 2024, the reporting persons collectively beneficially own 904,993 shares of DXP Enterprises' common stock.
- This stake represents 5.8% of the total outstanding common stock of DXP Enterprises Inc./TX.
- FMR LLC holds sole voting power over 903,437 shares and sole dispositive power over 904,993 shares.
- Abigail P. Johnson, as a Director, Chairman, and CEO of FMR LLC, is also deemed to beneficially own these shares due to her position and the Johnson family's controlling interest in FMR LLC.
- The filing is made under Rule 13d-1(b), signifying a passive investment not intended to change or influence control of the issuer.
- Several FMR LLC subsidiaries, including Fidelity Management & Research Company LLC, are identified as entities that beneficially own shares, with Fidelity Management & Research Company LLC owning 5% or greater.
Sentiment
Score: 5
Explanation: The document is a factual, routine regulatory filing (Schedule 13G) disclosing beneficial ownership. It does not contain subjective language, financial performance data, or strategic updates that would typically convey positive or negative sentiment regarding the issuer's operations or prospects. The sentiment is neutral as it simply reports a passive stake.
Future Outlook
NA
Management Comments
- The securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §§ 240.14a-11.
Industry Context
NA
Stakeholder Impact
- Increased transparency for shareholders regarding significant institutional ownership.
Key Dates
| Date | Description |
|---|---|
| 2023-01-03 | Effective date of Power of Attorney for FMR LLC. |
| 2023-01-26 | Effective date of Power of Attorney for Abigail P. Johnson. |
| 2024-12-31 | Date of event which requires filing of this statement (reporting date for beneficial ownership). |
| 2025-02-11 | Date of filing/signature of the Schedule 13G. |
Keywords
DXP Enterprises, FMR LLC, Abigail P. Johnson, Schedule 13G, Beneficial Ownership, Common Stock, Passive Investment, Institutional Investor, SEC Filing, Investment Management
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