Nicholas Little Sells 20,440 Shares of DXP Enterprises (NASDAQ:DXPE) Stock

DXP Enterprises, Inc. (NASDAQ:DXPE) COO Nicholas Little sold 20,440 shares of the stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $118.53, for a total value of $2,422,753.20. Following the sale, the chief operating officer owned 791,888 shares of the company’s stock, valued at approximately $93,862,484.64. The trade was a 2.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Nicholas Little also recently made the following trade(s):

• On Monday, June 30th, Nicholas Little sold 45,938 shares of DXP Enterprises stock. The stock was sold at an average price of $87.73, for a total transaction of $4,030,140.74.

DXP Enterprises Price Performance

DXPE stock opened at $117.32 on Wednesday. The stock has a market capitalization of $1.84 billion, a PE ratio of 22.39 and a beta of 1.24. The company’s 50-day moving average is $115.17 and its 200-day moving average is $95.05. The company has a debt-to-equity ratio of 1.33, a current ratio of 2.79 and a quick ratio of 2.33. DXP Enterprises, Inc. has a 1 year low of $48.45 and a 1 year high of $129.56.

DXP Enterprises (NASDAQ:DXPE) last released its quarterly earnings data on Wednesday, August 6th. The industrial products company reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.39 by $0.04. The company had revenue of $498.68 million for the quarter, compared to analysts’ expectations of $499.00 million. DXP Enterprises had a net margin of 4.52% and a return on equity of 20.94%. Equities research analysts expect that DXP Enterprises, Inc. will post 4.07 EPS for the current fiscal year.

Institutional Investors Weigh In On DXP Enterprises

Large investors have recently modified their holdings of the stock. EverSource Wealth Advisors LLC increased its stake in shares of DXP Enterprises by 3,507.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 469 shares of the industrial products company’s stock worth $41,000 after purchasing an additional 456 shares during the last quarter. GAMMA Investing LLC raised its holdings in DXP Enterprises by 24.3% during the 2nd quarter. GAMMA Investing LLC now owns 634 shares of the industrial products company’s stock valued at $56,000 after acquiring an additional 124 shares during the period. CWM LLC raised its holdings in DXP Enterprises by 32.2% during the 1st quarter. CWM LLC now owns 1,487 shares of the industrial products company’s stock valued at $122,000 after acquiring an additional 362 shares during the period. Tower Research Capital LLC TRC raised its holdings in DXP Enterprises by 498.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,802 shares of the industrial products company’s stock valued at $158,000 after acquiring an additional 1,501 shares during the period. Finally, Lazard Asset Management LLC bought a new stake in DXP Enterprises during the 4th quarter valued at $159,000. Hedge funds and other institutional investors own 74.82% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Wall Street Zen cut shares of DXP Enterprises from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 13th. Singular Research raised shares of DXP Enterprises to a “moderate buy” rating in a research report on Tuesday, September 9th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $95.00.

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).