DXP Enterprises, Inc. (NASDAQ:DXPE) CMO Sells $385,365.12 in Stock

DXP Enterprises, Inc. (NASDAQ:DXPE - Get Free Report) CMO Paz Maestas sold 4,328 shares of the stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $89.04, for a total value of $385,365.12. Following the completion of the sale, the chief marketing officer now owns 613,039 shares of the company's stock, valued at $54,584,992.56. This trade represents a 0.70 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

DXP Enterprises Stock Performance

NASDAQ DXPE traded up $2.85 on Monday, hitting $89.86. 148,989 shares of the stock were exchanged, compared to its average volume of 153,228. DXP Enterprises, Inc. has a 52 week low of $43.25 and a 52 week high of $107.06. The company has a market capitalization of $1.41 billion, a PE ratio of 23.16 and a beta of 1.66. The business's fifty day moving average is $94.40 and its 200 day moving average is $75.15. 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 (NASDAQ:DXPE - Get Free Report) last released its quarterly earnings results on Thursday, March 6th. The industrial products company reported $1.38 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.49. The business had revenue of $470.91 million during the quarter, compared to analysts' expectations of $447.00 million. DXP Enterprises had a return on equity of 18.74% and a net margin of 3.75%. Research analysts anticipate that DXP Enterprises, Inc. will post 4.07 EPS for the current fiscal year.

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Hedge Funds Weigh In On DXP Enterprises

Institutional investors have recently added to or reduced their stakes in the stock. Global Retirement Partners LLC lifted its position 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 purchasing an additional 333 shares during the period. Smartleaf Asset Management LLC increased its stake in DXP Enterprises by 3,150.0% in 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 during the last quarter. Quantbot Technologies LP purchased a new position in DXP Enterprises in the third quarter worth $41,000. Lazard Asset Management LLC bought a new position in DXP Enterprises during the fourth quarter valued at about $159,000. Finally, Hsbc Holdings PLC bought a new stake in shares of DXP Enterprises in the 4th quarter worth approximately $208,000. 74.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DXPE has been the topic of several recent research reports. StockNews.com raised DXP Enterprises from a "hold" rating to a "buy" rating in a research note on Tuesday, March 11th. Stephens boosted their target price on 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).