Kent Nee Hung Yee Sells 3,457 Shares of DXP Enterprises, Inc. (NASDAQ:DXPE) Stock

DXP Enterprises, Inc. (NASDAQ:DXPE) CFO Kent Nee Hung Yee sold 3,457 shares of the company’s stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $88.43, for a total transaction of $305,702.51. Following the transaction, the chief financial officer now directly owns 68,849 shares of the company’s stock, valued at $6,088,317.07. This represents a 4.78 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

DXP Enterprises Price Performance

Shares of NASDAQ:DXPE traded down $2.79 during midday trading on Thursday, reaching $82.93. 82,556 shares of the company’s stock were exchanged, compared to its average volume of 152,929. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.78 and a current ratio of 2.22. The company’s 50 day simple moving average is $93.95 and its two-hundred day simple moving average is $75.77. DXP Enterprises, Inc. has a 12 month low of $43.25 and a 12 month high of $107.06. The firm has a market capitalization of $1.30 billion, a PE ratio of 21.37 and a beta of 1.66.

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

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Stephens boosted their price target on DXP Enterprises from $75.00 to $95.00 and gave the company an “overweight” rating in a research note on Monday, March 10th. StockNews.com cut DXP Enterprises from a “buy” rating to a “hold” rating in a research report on Tuesday.

Institutional Trading of DXP Enterprises

Large investors have recently bought and sold shares of the stock. Principal Financial Group Inc. increased its stake in shares of DXP Enterprises by 0.3% in the third quarter. Principal Financial Group Inc. now owns 68,997 shares of the industrial products company’s stock valued at $3,682,000 after buying an additional 178 shares in the last quarter. CastleKnight Management LP grew its stake in shares of DXP Enterprises by 0.3% during the fourth quarter. CastleKnight Management LP now owns 117,300 shares of the industrial products company’s stock valued at $9,691,000 after purchasing an additional 300 shares during the last quarter. Sterling Capital Management LLC raised its position in DXP Enterprises by 4.4% in the 4th quarter. Sterling Capital Management LLC now owns 7,656 shares of the industrial products company’s stock worth $633,000 after purchasing an additional 326 shares during the last quarter. Global Retirement Partners LLC lifted its holdings in DXP Enterprises by 2,220.0% during the 4th quarter. Global Retirement Partners LLC now owns 348 shares of the industrial products company’s stock worth $29,000 after buying an additional 333 shares in the last quarter. Finally, Federated Hermes Inc. boosted its position in DXP Enterprises by 4.7% in the 4th quarter. Federated Hermes Inc. now owns 11,220 shares of the industrial products company’s stock valued at $927,000 after buying an additional 502 shares during the last quarter. 74.82% of the stock is currently owned by institutional investors.

About DXP Enterprises

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).