Insider Selling: DXP Enterprises, Inc. (NASDAQ:DXPE) CMO Sells 4,328 Shares of Stock

DXP Enterprises, Inc. (NASDAQ:DXPE) CMO Paz Maestas sold 4,328 shares of DXP Enterprises stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $89.04, for a total value of $385,365.12. Following the completion of the transaction, the chief marketing officer now owns 613,039 shares of the company’s stock, valued at approximately $54,584,992.56. This trade represents a 0.70 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link.

DXP Enterprises Price Performance

DXPE opened at $87.00 on Friday. The business has a fifty day moving average of $94.40 and a 200 day moving average of $74.85. DXP Enterprises, Inc. has a 52-week low of $43.25 and a 52-week high of $107.06. The company has a quick ratio of 1.78, a current ratio of 2.22 and a debt-to-equity ratio of 1.29. The stock has a market cap of $1.37 billion, a P/E ratio of 22.42 and a beta of 1.66.

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

Analyst Ratings Changes

DXPE has been the subject of a number of recent analyst reports. Stephens boosted their price objective on DXP Enterprises from $75.00 to $95.00 and gave the company an “overweight” rating in a report on Monday, March 10th. StockNews.com upgraded DXP Enterprises from a “hold” rating to a “buy” rating in a report on Tuesday, March 11th.

Institutional Investors Weigh In On DXP Enterprises

A number of institutional investors and hedge funds have recently bought and sold shares of DXPE. Global Retirement Partners LLC raised its position in DXP Enterprises by 2,220.0% during the 4th quarter. Global Retirement Partners LLC now owns 348 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 333 shares in the last quarter. Quantbot Technologies LP bought a new stake in DXP Enterprises during the 3rd quarter valued at $41,000. Smartleaf Asset Management LLC raised its position in DXP Enterprises by 3,150.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 520 shares of the industrial products company’s stock valued at $43,000 after purchasing an additional 504 shares in the last quarter. Lazard Asset Management LLC bought a new stake in DXP Enterprises during the 4th quarter valued at $159,000. Finally, Hsbc Holdings PLC bought a new stake in DXP Enterprises during the 4th quarter valued at $208,000. 74.82% of the stock is owned by institutional investors.

DXP Enterprises Company Profile

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).