DXP Enterprises, Inc. (NASDAQ:DXPE) CMO Sells $385,365.12 in Stock

DXP Enterprises, Inc. (NASDAQ:DXPE) CMO Paz Maestas sold 4,328 shares of the company’s stock in a transaction dated Wednesday, March 19th. The shares were 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 of the company’s stock, valued at $54,584,992.56. The trade was a 0.70 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

DXP Enterprises Price Performance

DXPE stock opened at $87.74 on Friday. 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 one year low of $43.25 and a one year high of $107.06. The firm 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 $94.48 and a two-hundred day moving average of $74.63.

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

Hedge Funds Weigh In On DXP Enterprises

Large investors have recently made changes to their positions in the business. Barclays PLC increased its holdings in shares of DXP Enterprises by 355.4% in the 3rd quarter. Barclays PLC now owns 23,723 shares of the industrial products company’s stock valued at $1,267,000 after purchasing an additional 18,514 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of DXP Enterprises by 193.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 98,044 shares of the industrial products company’s stock valued at $5,232,000 after purchasing an additional 64,611 shares during the period. Pacer Advisors Inc. increased its holdings in DXP Enterprises by 4.1% in the third quarter. Pacer Advisors Inc. now owns 744,587 shares of the industrial products company’s stock worth $39,731,000 after buying an additional 29,131 shares during the last quarter. FMR LLC increased its holdings in DXP Enterprises by 21.8% in the third quarter. FMR LLC now owns 776,950 shares of the industrial products company’s stock worth $41,458,000 after buying an additional 139,027 shares during the last quarter. Finally, De Lisle Partners LLP grew its holdings in DXP Enterprises by 96.7% during the third quarter. De Lisle Partners LLP now owns 21,654 shares of the industrial products company’s stock valued at $1,157,000 after purchasing an additional 10,645 shares during the last quarter. Institutional investors and hedge funds own 74.82% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on DXPE. StockNews.com raised shares of DXP Enterprises from a “hold” rating to a “buy” rating in a report on Tuesday, March 11th. 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.

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).