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

DXP Enterprises, Inc. (NASDAQ:DXPE - Get Free Report) CEO David R. Little purchased 5,999 shares of the stock in a transaction on Wednesday, March 26th. The shares were acquired at an average cost of $82.70 per share, with a total value of $496,117.30. Following the transaction, the chief executive officer now directly owns 1,257,593 shares in the company, valued at $104,002,941.10. The trade was a 0.48 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website.

DXP Enterprises Stock Performance

Shares of DXPE stock traded down $2.03 during trading hours on Monday, reaching $80.85. 30,066 shares of the company traded hands, compared to its average volume of 157,580. The firm has a 50-day moving average price of $93.23 and a 200 day moving average price of $76.45. The company has a market cap of $1.27 billion, a P/E ratio of 20.86 and a beta of 1.66. 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 12-month low of $43.25 and a 12-month high of $107.06.

DXP Enterprises (NASDAQ:DXPE - Get Free Report) last issued its quarterly earnings results on Thursday, March 6th. The industrial products company reported $1.38 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.49. The business had revenue of $470.91 million for the quarter, compared to the consensus estimate of $447.00 million. DXP Enterprises had a net margin of 3.75% and a return on equity of 18.74%. As a group, sell-side analysts predict that DXP Enterprises, Inc. will post 4.07 earnings per share for the current fiscal year.

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Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. StockNews.com lowered shares of DXP Enterprises from a "buy" rating to a "hold" rating in a report on Tuesday, March 25th. Stephens lifted their target price on shares of DXP Enterprises from $75.00 to $95.00 and gave the stock an "overweight" rating in a research report on Monday, March 10th.

Hedge Funds Weigh In On DXP Enterprises

Several institutional investors have recently added to or reduced their stakes in DXPE. Global Retirement Partners LLC lifted its holdings in shares of DXP Enterprises by 2,220.0% in 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 during the period. Smartleaf Asset Management LLC increased its position in DXP Enterprises by 3,150.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 520 shares of the industrial products company's stock valued at $43,000 after buying an additional 504 shares in the last quarter. Quantbot Technologies LP purchased a new position in shares of DXP Enterprises in the 3rd quarter valued at approximately $41,000. Lazard Asset Management LLC acquired a new stake in DXP Enterprises in the 4th quarter worth approximately $159,000. Finally, Hsbc Holdings PLC acquired a new position in DXP Enterprises during the 4th quarter valued at approximately $208,000. Hedge funds and other institutional investors own 74.82% of the company's stock.

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).