Christopher T. Gregory Sells 1,000 Shares of DXP Enterprises, Inc. (NASDAQ:DXPE) Stock

DXP Enterprises, Inc. (NASDAQ:DXPE) insider Christopher T. Gregory sold 1,000 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $73.10, for a total transaction of $73,100.00. Following the sale, the insider now directly owns 29,606 shares of the company’s stock, valued at $2,164,198.60. This represents a 3.27 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

DXP Enterprises Trading Up 2.6 %

DXPE opened at $76.98 on Friday. DXP Enterprises, Inc. has a twelve month low of $30.08 and a twelve month high of $77.22. The company has a 50-day simple moving average of $60.82 and a 200 day simple moving average of $53.44. The company has a quick ratio of 1.78, a current ratio of 2.22 and a debt-to-equity ratio of 1.29. The stock has a market capitalization of $1.21 billion, a price-to-earnings ratio of 19.84 and a beta of 1.70.

DXP Enterprises (NASDAQ:DXPE) last posted its quarterly earnings data on Monday, November 4th. The industrial products company reported $1.43 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.48. The business had revenue of $472.94 million during the quarter. DXP Enterprises had a net margin of 3.75% and a return on equity of 18.74%. During the same period in the prior year, the company earned $0.93 EPS. Analysts predict that DXP Enterprises, Inc. will post 3.56 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Stephens upped their price objective on shares of DXP Enterprises from $65.00 to $75.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Innealta Capital LLC bought a new position in shares of DXP Enterprises in the second quarter worth about $29,000. Quantbot Technologies LP bought a new position in DXP Enterprises in the 3rd quarter valued at approximately $41,000. Quest Partners LLC raised its holdings in DXP Enterprises by 24.8% in the 2nd quarter. Quest Partners LLC now owns 2,109 shares of the industrial products company’s stock valued at $97,000 after buying an additional 419 shares during the last quarter. SG Americas Securities LLC bought a new position in DXP Enterprises in the 3rd quarter valued at approximately $197,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in DXP Enterprises by 39.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,113 shares of the industrial products company’s stock valued at $189,000 after buying an additional 1,174 shares during the last quarter. 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).