DXP Enterprises, Inc. (NASDAQ:DXPE) CEO David R. Little Purchases 5,999 Shares

DXP Enterprises, Inc. (NASDAQ:DXPE) CEO David R. Little acquired 5,999 shares of the company’s stock in a transaction on Wednesday, March 26th. The stock was acquired at an average price of $82.70 per share, with a total value of $496,117.30. Following the acquisition, the chief executive officer now owns 1,257,593 shares in the company, valued at approximately $104,002,941.10. This trade represents a 0.48 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

DXP Enterprises Trading Down 3.2 %

DXP Enterprises stock opened at $82.93 on Friday. DXP Enterprises, Inc. has a 12 month low of $43.25 and a 12 month high of $107.06. The company has a current ratio of 2.22, a quick ratio of 1.78 and a debt-to-equity ratio of 1.29. The business’s fifty day simple moving average is $93.62 and its two-hundred day simple moving average is $75.82. The company has a market capitalization of $1.30 billion, a price-to-earnings ratio of 21.37 and a beta of 1.66.

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

Wall Street Analysts Forecast Growth

DXPE has been the subject of a number of research reports. StockNews.com downgraded shares of DXP Enterprises from a “buy” rating to a “hold” rating in a research note on Tuesday. Stephens upped 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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wellington Management Group LLP purchased a new position in shares of DXP Enterprises in the fourth quarter worth $67,901,000. FMR LLC lifted its stake in DXP Enterprises by 21.8% during the 3rd quarter. FMR LLC now owns 776,950 shares of the industrial products company’s stock valued at $41,458,000 after acquiring an additional 139,027 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of DXP Enterprises by 5.7% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 720,320 shares of the industrial products company’s stock valued at $59,513,000 after acquiring an additional 38,900 shares during the last quarter. Northern Trust Corp raised its holdings in shares of DXP Enterprises by 10.2% during the fourth quarter. Northern Trust Corp now owns 228,940 shares of the industrial products company’s stock valued at $18,915,000 after purchasing an additional 21,220 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its position in DXP Enterprises by 2,589.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 149,349 shares of the industrial products company’s stock valued at $12,339,000 after purchasing an additional 143,795 shares during the period. 74.82% of the stock is owned by institutional investors.

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).