Insider Selling: DXP Enterprises, Inc. (NASDAQ:DXPE) CFO Sells 3,457 Shares of Stock

DXP Enterprises, Inc. (NASDAQ:DXPE - Get Free Report) CFO Kent Nee Hung Yee sold 3,457 shares of the business's stock in a transaction on Tuesday, March 25th. The stock was 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 approximately $6,088,317.07. This represents a 4.78 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

DXP Enterprises Stock Performance

DXP Enterprises stock traded down $0.62 during trading hours on Monday, hitting $82.26. The stock had a trading volume of 137,126 shares, compared to its average volume of 158,003. The company has a 50-day moving average of $93.23 and a two-hundred day moving average of $76.45. The company has a quick ratio of 1.78, a current ratio of 2.22 and a debt-to-equity ratio of 1.29. DXP Enterprises, Inc. has a fifty-two week low of $43.25 and a fifty-two week high of $107.06. The company has a market cap of $1.29 billion, a PE ratio of 21.20 and a beta of 1.66.

DXP Enterprises (NASDAQ:DXPE - Get Free Report) last issued its earnings results on Thursday, March 6th. The industrial products company reported $1.38 EPS 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 business had revenue of $470.91 million during the quarter, compared to analyst estimates of $447.00 million. On average, equities research analysts anticipate that DXP Enterprises, Inc. will post 4.07 EPS for the current fiscal year.

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Institutional Trading of DXP Enterprises

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Global Retirement Partners LLC boosted its holdings in DXP Enterprises by 2,220.0% during the fourth quarter. Global Retirement Partners LLC now owns 348 shares of the industrial products company's stock valued at $29,000 after purchasing an additional 333 shares in the last quarter. Quantbot Technologies LP bought a new position in shares of DXP Enterprises during the 3rd quarter worth approximately $41,000. Smartleaf Asset Management LLC boosted 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 in the last quarter. Lazard Asset Management LLC acquired a new position in DXP Enterprises during the fourth quarter worth $159,000. Finally, Hsbc Holdings PLC acquired a new position in DXP Enterprises during the fourth quarter worth $208,000. Institutional investors own 74.82% of the company's stock.

Wall Street Analyst Weigh In

DXPE has been the subject of several research reports. Stephens increased their price objective on DXP Enterprises from $75.00 to $95.00 and gave the company an "overweight" rating in a research report on Monday, March 10th. StockNews.com downgraded shares of DXP Enterprises from a "buy" rating to a "hold" rating in a report on Tuesday, March 25th.

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).