DXP Enterprises (NASDAQ:DXPE) CMO Sells $1,643,700.00 in Stock

DXP Enterprises, Inc. (NASDAQ:DXPE) CMO Paz Maestas sold 10,000 shares of DXP Enterprises stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $164.37, for a total value of $1,643,700.00. Following the completion of the transaction, the chief marketing officer owned 590,262 shares of the company’s stock, valued at approximately $97,021,364.94. This trade represents a 1.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

DXP Enterprises Price Performance

Shares of NASDAQ DXPE opened at $168.91 on Friday. The stock has a market cap of $2.62 billion, a PE ratio of 31.57 and a beta of 0.99. DXP Enterprises, Inc. has a fifty-two week low of $75.58 and a fifty-two week high of $183.91. The stock has a fifty day moving average of $154.96 and a 200-day moving average of $135.52. The company has a debt-to-equity ratio of 1.60, a quick ratio of 2.56 and a current ratio of 2.98.

DXP Enterprises (NASDAQ:DXPE) last posted its quarterly earnings data on Thursday, May 7th. The industrial products company reported $1.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.38 by ($0.12). The business had revenue of $521.66 million for the quarter, compared to the consensus estimate of $531.00 million. DXP Enterprises had a net margin of 4.27% and a return on equity of 18.16%. Equities research analysts anticipate that DXP Enterprises, Inc. will post 6.2 earnings per share for the current year.

Institutional Investors Weigh In On DXP Enterprises

Several hedge funds have recently added to or reduced their stakes in the company. ProShare Advisors LLC lifted its stake in DXP Enterprises by 3.4% during the fourth quarter. ProShare Advisors LLC now owns 2,527 shares of the industrial products company’s stock worth $277,000 after purchasing an additional 82 shares during the last quarter. CANADA LIFE ASSURANCE Co lifted its stake in DXP Enterprises by 0.9% during the second quarter. CANADA LIFE ASSURANCE Co now owns 10,857 shares of the industrial products company’s stock worth $950,000 after purchasing an additional 100 shares during the last quarter. Private Advisor Group LLC lifted its stake in DXP Enterprises by 1.2% during the third quarter. Private Advisor Group LLC now owns 10,247 shares of the industrial products company’s stock worth $1,220,000 after purchasing an additional 122 shares during the last quarter. Franklin Resources Inc. lifted its stake in shares of DXP Enterprises by 2.0% in the 3rd quarter. Franklin Resources Inc. now owns 9,228 shares of the industrial products company’s stock valued at $1,099,000 after acquiring an additional 185 shares during the last quarter. Finally, Illinois Municipal Retirement Fund lifted its stake in shares of DXP Enterprises by 2.9% in the 3rd quarter. Illinois Municipal Retirement Fund now owns 7,311 shares of the industrial products company’s stock valued at $871,000 after acquiring an additional 207 shares during the last quarter. Institutional investors own 74.82% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on DXPE shares. Wall Street Zen lowered DXP Enterprises from a “buy” rating to a “hold” rating in a research note on Saturday, June 6th. Loop Capital set a $154.00 price objective on DXP Enterprises in a research note on Monday, March 2nd. Freedom Capital lowered DXP Enterprises from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 11th. Weiss Ratings reissued a “buy (b)” rating on shares of DXP Enterprises in a research note on Friday, May 22nd. Finally, Zacks Research lowered DXP Enterprises from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 11th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, DXP Enterprises presently has a consensus rating of “Moderate Buy” and a consensus target price of $154.00.

DXP Enterprises Company Profile

DXP Enterprises, Inc is a Houston, Texas–based industrial products and services distributor serving customers across North America. The company provides a broad portfolio of maintenance, repair and operations (MRO) supplies, including fluid power components, safety products, mechanical power transmission parts, and instrumentation. DXP’s product offering spans well-recognized private brands as well as equipment and parts from leading global manufacturers, enabling clients in energy, heavy industrial and manufacturing sectors to source critical components from a single supplier.

Through its network of service centers and specialized repair facilities, DXP delivers inventory management programs, turnkey fluid power rebuilds and custom assembly solutions.