DXP Enterprises, Inc. (NASDAQ:DXPE) Director Timothy P. Halter Sells 5,000 Shares

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

DXP Enterprises Price Performance

DXP Enterprises stock opened at $82.88 on Friday. The business’s fifty day moving average is $93.23 and its two-hundred day moving average is $76.06. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.78 and a current ratio of 2.22. The firm has a market cap of $1.30 billion, a P/E ratio of 21.36 and a beta of 1.66. DXP Enterprises, Inc. has a 52 week low of $43.25 and a 52 week high of $107.06.

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

Institutional Trading of DXP Enterprises

A number of hedge funds and other institutional investors have recently modified their holdings of DXPE. Global Retirement Partners LLC lifted 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 worth $29,000 after buying an additional 333 shares in the last quarter. Quantbot Technologies LP acquired a new position in shares of DXP Enterprises during the third quarter valued at $41,000. Smartleaf Asset Management LLC boosted its holdings in DXP Enterprises by 3,150.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 520 shares of the industrial products company’s stock valued at $43,000 after acquiring an additional 504 shares during the last quarter. Lazard Asset Management LLC acquired a new stake in DXP Enterprises in the fourth quarter worth about $159,000. Finally, Hsbc Holdings PLC bought a new stake in DXP Enterprises during the 4th quarter worth about $208,000. Institutional investors and hedge funds own 74.82% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Stephens increased 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. StockNews.com lowered shares of DXP Enterprises from a “buy” rating to a “hold” rating in a report on Tuesday.

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).