DXP Enterprises, Inc. (NASDAQ:DXPE - Get Free Report) hit a new 52-week high on Tuesday following a better than expected earnings announcement. The company traded as high as $59.38 and last traded at $59.38, with a volume of 14091 shares. The stock had previously closed at $50.92.
The industrial products company reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.48. DXP Enterprises had a return on equity of 17.22% and a net margin of 3.57%. The firm had revenue of $472.94 million during the quarter. During the same period in the prior year, the company posted $0.93 earnings per share.
Insider Activity at DXP Enterprises
In other DXP Enterprises news, CMO Paz Maestas sold 2,000 shares of the stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $53.21, for a total value of $106,420.00. Following the completion of the sale, the chief marketing officer now owns 617,367 shares in the company, valued at $32,850,098.07. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 22.40% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the company. Innealta Capital LLC acquired a new stake in shares of DXP Enterprises during the 2nd quarter valued at about $29,000. Quest Partners LLC lifted its stake in DXP Enterprises by 24.8% in the second quarter. Quest Partners LLC now owns 2,109 shares of the industrial products company's stock valued at $97,000 after acquiring an additional 419 shares during the last quarter. SG Americas Securities LLC bought a new stake in DXP Enterprises in the third quarter worth approximately $197,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of DXP Enterprises by 39.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,113 shares of the industrial products company's stock worth $189,000 after purchasing an additional 1,174 shares during the last quarter. Finally, Privium Fund Management UK Ltd acquired a new position in shares of DXP Enterprises during the 2nd quarter worth $209,000. Hedge funds and other institutional investors own 74.82% of the company's stock.
DXP Enterprises Stock Performance
The firm has a market cap of $972.51 million, a price-to-earnings ratio of 17.40 and a beta of 1.60. The firm's 50 day moving average is $51.81 and its 200-day moving average is $50.23. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.92 and a current ratio of 2.39.
DXP Enterprises Company Profile
(
Get Free Report)
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).
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