DXP Enterprises, Inc. (NASDAQ:DXPE) CFO Kent Nee Hung Yee Sells 3,457 Shares of Stock

DXP Enterprises, Inc. (NASDAQ:DXPE) CFO Kent Nee Hung Yee sold 3,457 shares of the stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $88.43, for a total value of $305,702.51. Following the transaction, the chief financial officer now directly owns 68,849 shares in the company, valued at approximately $6,088,317.07. This represents a 4.78 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

DXP Enterprises Price Performance

Shares of DXPE stock opened at $82.93 on Friday. The stock’s fifty day simple moving average is $93.62 and its 200 day simple moving average is $75.82. DXP Enterprises, Inc. has a one year low of $43.25 and a one year high of $107.06. The firm has a market cap of $1.30 billion, a price-to-earnings ratio of 21.37 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.

DXP Enterprises (NASDAQ:DXPE) last released its quarterly earnings results on Thursday, March 6th. The industrial products company reported $1.38 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.49. DXP Enterprises had a net margin of 3.75% and a return on equity of 18.74%. The firm had revenue of $470.91 million for the quarter, compared to analyst estimates of $447.00 million. On average, analysts expect that DXP Enterprises, Inc. will post 4.07 earnings per share for the current fiscal year.

Hedge Funds Weigh In On DXP Enterprises

Institutional investors and hedge funds have recently bought and sold shares of the business. Barclays PLC lifted its position in DXP Enterprises by 355.4% during the 3rd quarter. Barclays PLC now owns 23,723 shares of the industrial products company’s stock worth $1,267,000 after buying an additional 18,514 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of DXP Enterprises by 193.3% during the third quarter. JPMorgan Chase & Co. now owns 98,044 shares of the industrial products company’s stock worth $5,232,000 after purchasing an additional 64,611 shares in the last quarter. Intech Investment Management LLC bought a new stake in shares of DXP Enterprises during the fourth quarter valued at approximately $447,000. FMR LLC increased its holdings in shares of DXP Enterprises by 21.8% in the third quarter. FMR LLC now owns 776,950 shares of the industrial products company’s stock valued at $41,458,000 after purchasing an additional 139,027 shares in the last quarter. Finally, Counterpoint Mutual Funds LLC bought a new position in DXP Enterprises in the 4th quarter worth approximately $511,000. Institutional investors and hedge funds own 74.82% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on DXPE. StockNews.com downgraded DXP Enterprises from a “buy” rating to a “hold” rating in a research report on Tuesday. Stephens raised their price objective on shares of DXP Enterprises from $75.00 to $95.00 and gave the stock an “overweight” rating in a report on Monday, March 10th.

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).