Insider Selling: DXP Enterprises, Inc. (NASDAQ:DXPE) Director Sells 5,000 Shares of Stock

DXP Enterprises, Inc. (NASDAQ:DXPE) Director Timothy P. Halter sold 5,000 shares of the company’s stock in a transaction on Monday, March 24th. The stock was sold at an average price of $89.75, for a total transaction of $448,750.00. Following the completion of the transaction, the director now owns 45,925 shares of the company’s stock, valued at $4,121,768.75. This trade represents a 9.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

DXP Enterprises Stock Performance

Shares of DXPE stock opened at $82.93 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. The company’s fifty day moving average price is $93.62 and its 200-day moving average price is $75.82. The stock has a market cap of $1.30 billion, a PE ratio of 21.37 and a beta of 1.66. DXP Enterprises, Inc. has a 12 month low of $43.25 and a 12 month high of $107.06.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Wellington Management Group LLP purchased a new stake in shares of DXP Enterprises in the fourth quarter worth $67,901,000. FMR LLC grew its position in DXP Enterprises by 21.8% during the 3rd 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 during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in DXP Enterprises by 5.7% during the 4th 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. Northern Trust Corp increased its stake in DXP Enterprises by 10.2% during the 4th 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. Finally, Arrowstreet Capital Limited Partnership raised its holdings in DXP Enterprises by 2,589.0% in 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. Institutional investors own 74.82% of the company’s stock.

Analyst Upgrades and Downgrades

DXPE has been the topic of several research analyst reports. StockNews.com cut shares of DXP Enterprises from a “buy” rating to a “hold” rating in a research report on Tuesday. Stephens upped their target price on DXP Enterprises from $75.00 to $95.00 and gave the stock an “overweight” rating in a report 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).