Insider Selling: DXP Enterprises, Inc. (NASDAQ:DXPE) CFO Sells 3,457 Shares of Stock

DXP Enterprises, Inc. (NASDAQ:DXPE) CFO Kent Nee Hung Yee sold 3,457 shares of the firm’s stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of $88.43, for a total value of $305,702.51. Following the completion of the transaction, the chief financial officer now owns 68,849 shares in the company, valued at $6,088,317.07. This represents a 4.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

DXP Enterprises Price Performance

Shares of NASDAQ DXPE opened at $82.93 on Friday. The company has a fifty day moving average price of $93.62 and a 200 day moving average price of $75.82. The firm has a market cap of $1.30 billion, a PE ratio of 21.37 and a beta of 1.66. The company has a current ratio of 2.22, a quick ratio of 1.78 and a debt-to-equity ratio of 1.29. DXP Enterprises, Inc. has a 1-year low of $43.25 and a 1-year high of $107.06.

DXP Enterprises (NASDAQ:DXPE) last posted its quarterly earnings data on Thursday, March 6th. The industrial products company reported $1.38 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.49. DXP Enterprises had a return on equity of 18.74% and a net margin of 3.75%. The company had revenue of $470.91 million during the quarter, compared to analysts’ expectations of $447.00 million. Research analysts predict that DXP Enterprises, Inc. will post 4.07 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

DXPE has been the topic of several analyst reports. Stephens increased their target price 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. StockNews.com lowered DXP Enterprises from a “buy” rating to a “hold” rating in a report on Tuesday.

Institutional Trading of DXP Enterprises

Institutional investors have recently made changes to their positions in the business. Global Retirement Partners LLC increased its stake in DXP Enterprises by 2,220.0% in the 4th quarter. Global Retirement Partners LLC now owns 348 shares of the industrial products company’s stock valued at $29,000 after buying an additional 333 shares during the last quarter. Quantbot Technologies LP acquired a new stake in shares of DXP Enterprises in the third quarter valued at about $41,000. Smartleaf Asset Management LLC raised its holdings in DXP Enterprises by 3,150.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 520 shares of the industrial products company’s stock worth $43,000 after acquiring an additional 504 shares in the last quarter. Lazard Asset Management LLC acquired a new position in DXP Enterprises during the fourth quarter valued at approximately $159,000. Finally, Hsbc Holdings PLC bought a new position in DXP Enterprises in the fourth quarter valued at approximately $208,000. Institutional investors own 74.82% of the company’s stock.

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).