DXP Enterprises, Inc. (NASDAQ:DXPE) Director Sells $448,750.00 in Stock

DXP Enterprises, Inc. (NASDAQ:DXPE) Director Timothy P. Halter sold 5,000 shares of DXP Enterprises stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $89.75, for a total value of $448,750.00. Following the completion of the sale, the director now directly owns 45,925 shares in the company, valued at $4,121,768.75. This represents a 9.82 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

DXP Enterprises Stock Down 3.0 %

DXPE traded down $2.69 during trading hours on Wednesday, hitting $85.71. 93,236 shares of the company’s stock were exchanged, compared to its average volume of 152,991. The stock has a market cap of $1.35 billion, a price-to-earnings ratio of 22.09 and a beta of 1.66. DXP Enterprises, Inc. has a 1-year low of $43.25 and a 1-year high of $107.06. The stock’s 50-day moving average is $94.21 and its two-hundred day moving average is $75.70. 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 (NASDAQ:DXPE) last issued its quarterly earnings results on Thursday, March 6th. The industrial products company reported $1.38 EPS for the quarter, topping the consensus estimate of $0.89 by $0.49. The firm had revenue of $470.91 million for the quarter, compared to analysts’ expectations of $447.00 million. DXP Enterprises had a net margin of 3.75% and a return on equity of 18.74%. Sell-side analysts predict that DXP Enterprises, Inc. will post 4.07 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of DXPE. Global Retirement Partners LLC raised its stake in shares of DXP Enterprises by 2,220.0% during 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 in the last quarter. Smartleaf Asset Management LLC increased its holdings in DXP Enterprises by 3,150.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 520 shares of the industrial products company’s stock worth $43,000 after buying an additional 504 shares during the last quarter. Quantbot Technologies LP bought a new stake in DXP Enterprises during the third quarter worth $41,000. Lazard Asset Management LLC acquired a new stake in DXP Enterprises in the fourth quarter valued at $159,000. Finally, Hsbc Holdings PLC bought a new position in shares of DXP Enterprises in the 4th quarter valued at about $208,000. 74.82% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently issued reports on DXPE shares. StockNews.com downgraded DXP Enterprises from a “buy” rating to a “hold” rating in a report on Tuesday. Stephens upped their price target on DXP Enterprises from $75.00 to $95.00 and gave the stock an “overweight” rating in a research report 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).