Insider Selling: DXP Enterprises, Inc. (NASDAQ:DXPE) CMO Sells $385,365.12 in Stock

DXP Enterprises, Inc. (NASDAQ:DXPE) CMO Paz Maestas sold 4,328 shares of the firm’s stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $89.04, for a total transaction of $385,365.12. Following the completion of the transaction, the chief marketing officer now directly owns 613,039 shares in the company, valued at approximately $54,584,992.56. This represents a 0.70 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

DXP Enterprises Stock Performance

DXP Enterprises stock opened at $87.00 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 market capitalization of $1.37 billion, a price-to-earnings ratio of 22.42 and a beta of 1.66. The company has a debt-to-equity ratio of 1.29, a current ratio of 2.22 and a quick ratio of 1.78. The firm’s fifty day moving average price is $94.40 and its 200 day moving average price is $75.00.

DXP Enterprises (NASDAQ:DXPE) last released its earnings results on Thursday, March 6th. The industrial products company reported $1.38 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.49. The company had revenue of $470.91 million during the quarter, compared to the consensus estimate of $447.00 million. DXP Enterprises had a net margin of 3.75% and a return on equity of 18.74%. On average, research analysts forecast that DXP Enterprises, Inc. will post 4.07 EPS for the current fiscal year.

Institutional Investors Weigh In On DXP Enterprises

Several hedge funds and other institutional investors have recently modified their holdings of DXPE. Global Retirement Partners LLC boosted its holdings in shares of DXP Enterprises by 2,220.0% in the 4th quarter. Global Retirement Partners LLC now owns 348 shares of the industrial products company’s stock valued at $29,000 after buying an additional 333 shares during the period. Quantbot Technologies LP acquired a new position in shares of DXP Enterprises in the 3rd quarter valued at about $41,000. Smartleaf Asset Management LLC boosted its holdings in shares of 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 during the period. Lazard Asset Management LLC acquired a new position in shares of DXP Enterprises in the 4th quarter valued at about $159,000. Finally, Hsbc Holdings PLC acquired a new position in shares of DXP Enterprises in the 4th quarter valued at about $208,000. Institutional investors own 74.82% of the company’s stock.

Wall Street Analyst Weigh In

DXPE has been the topic of a number of research reports. Stephens raised their target price on shares of DXP Enterprises from $75.00 to $95.00 and gave the company an “overweight” rating in a research note on Monday, March 10th. StockNews.com raised shares of DXP Enterprises from a “hold” rating to a “buy” rating in a research note on Tuesday, March 11th.

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).