Paz Maestas Sells 4,328 Shares of DXP Enterprises, Inc. (NASDAQ:DXPE) Stock

DXP Enterprises, Inc. (NASDAQ:DXPE) CMO Paz Maestas sold 4,328 shares of the business’s stock in a transaction on Wednesday, March 19th. The stock was 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 $54,584,992.56. This trade represents a 0.70 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

DXP Enterprises Stock Performance

NASDAQ DXPE opened at $87.00 on Friday. The stock has a market capitalization of $1.37 billion, a PE ratio of 22.42 and a beta of 1.66. The business has a 50 day simple moving average of $94.40 and a two-hundred day simple moving average of $74.85. The company has a debt-to-equity ratio of 1.29, a current ratio of 2.22 and a quick ratio of 1.78. DXP Enterprises, Inc. has a 1-year low of $43.25 and a 1-year high of $107.06.

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

Analyst Ratings Changes

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

Hedge Funds Weigh In On DXP Enterprises

Several institutional investors have recently added to or reduced their stakes in DXPE. Global Retirement Partners LLC grew its holdings in 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 valued at $29,000 after buying an additional 333 shares in the last quarter. Quantbot Technologies LP purchased a new position in shares of DXP Enterprises in the 3rd quarter worth approximately $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 worth $43,000 after purchasing an additional 504 shares during the period. Lazard Asset Management LLC purchased a new position in shares of DXP Enterprises in the 4th quarter worth approximately $159,000. Finally, Hsbc Holdings PLC purchased a new position in shares of DXP Enterprises in the 4th quarter worth approximately $208,000. Hedge funds and other 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).