DXP Enterprises, Inc. (NASDAQ:DXPE) CEO Purchases $496,117.30 in Stock

DXP Enterprises, Inc. (NASDAQ:DXPE) CEO David R. Little bought 5,999 shares of the company’s stock in a transaction that occurred on Wednesday, March 26th. The stock was acquired at an average price of $82.70 per share, with a total value of $496,117.30. Following the completion of the purchase, the chief executive officer now directly owns 1,257,593 shares of the company’s stock, valued at approximately $104,002,941.10. The trade was a 0.48 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

DXP Enterprises Trading Down 0.1 %

Shares of DXPE opened at $82.88 on Friday. DXP Enterprises, Inc. has a twelve month low of $43.25 and a twelve month high of $107.06. The firm has a market capitalization of $1.30 billion, a P/E ratio of 21.36 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. The stock’s fifty day simple moving average is $93.23 and its 200 day simple moving average is $76.25.

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

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Stephens upped their price objective on shares of DXP Enterprises from $75.00 to $95.00 and gave the company an “overweight” rating in a research note on Monday, March 10th. StockNews.com lowered shares of DXP Enterprises from a “buy” rating to a “hold” rating in a research report on Tuesday, March 25th.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Wellington Management Group LLP acquired a new stake in shares of DXP Enterprises in the fourth quarter worth $67,901,000. FMR LLC raised its position in 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 during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of DXP Enterprises by 5.7% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 720,320 shares of the industrial products company’s stock worth $59,513,000 after purchasing an additional 38,900 shares in the last quarter. Northern Trust Corp boosted its position in shares of DXP Enterprises by 10.2% in the fourth quarter. Northern Trust Corp now owns 228,940 shares of the industrial products company’s stock worth $18,915,000 after buying an additional 21,220 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its holdings in shares of DXP Enterprises by 2,589.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 149,349 shares of the industrial products company’s stock valued at $12,339,000 after buying an additional 143,795 shares during the period. Hedge funds and other institutional investors own 74.82% of the company’s stock.

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).