DXP Enterprises, Inc. (NASDAQ:DXPE - Get Free Report) CMO Paz Maestas sold 10,000 shares of the company's stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $164.37, for a total value of $1,643,700.00. Following the transaction, the chief marketing officer directly owned 590,262 shares in the company, valued at $97,021,364.94. The trade was a 1.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
DXP Enterprises Trading Up 4.4%
NASDAQ DXPE opened at $167.44 on Friday. The firm has a market capitalization of $2.60 billion, a P/E ratio of 31.30 and a beta of 0.99. The business has a fifty day simple moving average of $154.44 and a 200 day simple moving average of $135.28. DXP Enterprises, Inc. has a 12 month low of $75.58 and a 12 month high of $183.91. The company has a current ratio of 2.98, a quick ratio of 2.56 and a debt-to-equity ratio of 1.60.
DXP Enterprises (NASDAQ:DXPE - Get Free Report) last released its quarterly earnings results on Thursday, May 7th. The industrial products company reported $1.26 EPS for the quarter, missing analysts' consensus estimates of $1.38 by ($0.12). The company had revenue of $521.66 million during the quarter, compared to analysts' expectations of $531.00 million. DXP Enterprises had a net margin of 4.27% and a return on equity of 18.16%. On average, analysts predict that DXP Enterprises, Inc. will post 6.2 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of research firms recently commented on DXPE. Wall Street Zen lowered DXP Enterprises from a "buy" rating to a "hold" rating in a research report on Saturday, June 6th. Loop Capital set a $154.00 price target on DXP Enterprises in a research report on Monday, March 2nd. Freedom Capital lowered DXP Enterprises from a "strong-buy" rating to a "hold" rating in a research report on Monday, May 11th. Zacks Research lowered DXP Enterprises from a "strong-buy" rating to a "hold" rating in a research report on Monday, May 11th. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of DXP Enterprises in a research report on Friday, May 22nd. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, DXP Enterprises has a consensus rating of "Moderate Buy" and a consensus target price of $154.00.
Get Our Latest Stock Report on DXP Enterprises
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of DXPE. EverSource Wealth Advisors LLC grew its stake in DXP Enterprises by 3,507.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 469 shares of the industrial products company's stock valued at $41,000 after purchasing an additional 456 shares during the period. KBC Group NV bought a new position in DXP Enterprises in the 1st quarter valued at $51,000. Clearstead Advisors LLC grew its stake in DXP Enterprises by 164.5% in the 4th quarter. Clearstead Advisors LLC now owns 492 shares of the industrial products company's stock valued at $54,000 after purchasing an additional 306 shares during the period. GAMMA Investing LLC grew its stake in DXP Enterprises by 35.4% in the 4th quarter. GAMMA Investing LLC now owns 860 shares of the industrial products company's stock valued at $94,000 after purchasing an additional 225 shares during the period. Finally, State of Wyoming bought a new position in DXP Enterprises in the 4th quarter valued at $152,000. Institutional investors own 74.82% of the company's stock.
DXP Enterprises Company Profile
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DXP Enterprises, Inc is a Houston, Texas–based industrial products and services distributor serving customers across North America. The company provides a broad portfolio of maintenance, repair and operations (MRO) supplies, including fluid power components, safety products, mechanical power transmission parts, and instrumentation. DXP's product offering spans well-recognized private brands as well as equipment and parts from leading global manufacturers, enabling clients in energy, heavy industrial and manufacturing sectors to source critical components from a single supplier.
Through its network of service centers and specialized repair facilities, DXP delivers inventory management programs, turnkey fluid power rebuilds and custom assembly solutions.
Further Reading
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