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 the stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $89.04, for a total transaction of $385,365.12. Following the completion of the sale, the chief marketing officer now directly owns 613,039 shares in the company, valued at $54,584,992.56. This trade represents a 0.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

DXP Enterprises Trading Down 1.4 %

DXPE stock traded down $1.23 during mid-day trading on Thursday, reaching $87.74. The company had a trading volume of 99,536 shares, compared to its average volume of 151,757. The company has a debt-to-equity ratio of 1.29, a current ratio of 2.22 and a quick ratio of 1.78. The company has a market capitalization of $1.38 billion, a PE ratio of 22.61 and a beta of 1.66. The firm has a 50 day moving average of $94.42 and a 200 day moving average of $74.54. DXP Enterprises, Inc. has a 12 month low of $43.25 and a 12 month high of $107.06.

DXP Enterprises (NASDAQ:DXPE) last issued its earnings results 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 business had revenue of $470.91 million for the quarter, compared to the consensus estimate of $447.00 million. DXP Enterprises had a net margin of 3.75% and a return on equity of 18.74%. On average, equities analysts predict that DXP Enterprises, Inc. will post 4.07 earnings per share for the current fiscal year.

Hedge Funds Weigh In On DXP Enterprises

A number of hedge funds have recently added to or reduced their stakes in the stock. Wellington Management Group LLP bought a new position in DXP Enterprises in the 4th quarter worth about $67,901,000. FMR LLC boosted its stake in shares of DXP Enterprises by 21.8% during 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 in the last quarter. Pacer Advisors Inc. boosted its stake in shares of DXP Enterprises by 4.1% during the third quarter. Pacer Advisors Inc. now owns 744,587 shares of the industrial products company’s stock valued at $39,731,000 after purchasing an additional 29,131 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted 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 valued at $59,513,000 after purchasing an additional 38,900 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in shares of DXP Enterprises by 10.2% during the fourth quarter. Northern Trust Corp now owns 228,940 shares of the industrial products company’s stock valued at $18,915,000 after purchasing an additional 21,220 shares in the last quarter. 74.82% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on DXPE shares. Stephens increased their price objective on shares of DXP Enterprises from $75.00 to $95.00 and gave the stock an “overweight” rating in a research report on Monday, March 10th. StockNews.com raised shares of DXP Enterprises from a “hold” rating to a “buy” rating in a research report on Tuesday, March 11th.

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).