Insider Buying: DXP Enterprises, Inc. (NASDAQ:DXPE) CEO Acquires 5,999 Shares of Stock

DXP Enterprises, Inc. (NASDAQ:DXPE) CEO David R. Little bought 5,999 shares of the firm’s stock in a transaction dated Wednesday, March 26th. The shares were acquired at an average price of $82.70 per share, for a total transaction of $496,117.30. Following the transaction, the chief executive officer now directly owns 1,257,593 shares in the company, valued at approximately $104,002,941.10. This represents a 0.48 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

DXP Enterprises Stock Performance

Shares of NASDAQ:DXPE opened at $82.88 on Friday. The company has a debt-to-equity ratio of 1.29, a current ratio of 2.22 and a quick ratio of 1.78. DXP Enterprises, Inc. has a 1 year low of $43.25 and a 1 year high of $107.06. The firm has a market capitalization of $1.30 billion, a PE ratio of 21.36 and a beta of 1.66. The business’s 50 day moving average price is $93.23 and its 200-day moving average price is $76.06.

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

Institutional Trading of DXP Enterprises

Hedge funds have recently bought and sold shares of the business. Wellington Management Group LLP acquired a new position in shares of DXP Enterprises during the 4th quarter worth approximately $67,901,000. Arrowstreet Capital Limited Partnership boosted its stake in DXP Enterprises by 2,589.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 149,349 shares of the industrial products company’s stock worth $12,339,000 after buying an additional 143,795 shares during the last quarter. FMR LLC grew its holdings in DXP Enterprises by 21.8% in the 3rd quarter. FMR LLC now owns 776,950 shares of the industrial products company’s stock valued at $41,458,000 after buying an additional 139,027 shares in the last quarter. JPMorgan Chase & Co. increased its stake 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 worth $5,232,000 after acquiring an additional 64,611 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC purchased a new position in shares of DXP Enterprises during the 3rd quarter worth $3,355,000. Institutional investors and hedge funds own 74.82% of the company’s stock.

Wall Street Analysts Forecast Growth

DXPE has been the topic of several recent analyst reports. StockNews.com downgraded shares of DXP Enterprises from a “buy” rating to a “hold” rating in a report on Tuesday. Stephens raised their price target 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).