DXP Enterprises, Inc. (NASDAQ:DXPE) CFO Kent Nee Hung Yee Sells 3,457 Shares

DXP Enterprises, Inc. (NASDAQ:DXPE) CFO Kent Nee Hung Yee sold 3,457 shares of DXP Enterprises stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of $88.43, for a total value of $305,702.51. Following the completion of the sale, the chief financial officer now directly owns 68,849 shares of the company’s stock, valued at $6,088,317.07. The trade was a 4.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

DXP Enterprises Stock Down 0.1 %

Shares of NASDAQ DXPE opened at $82.88 on Friday. The stock has a market cap of $1.30 billion, a P/E ratio of 21.36 and a beta of 1.66. The business’s fifty day simple moving average is $93.23 and its 200-day simple moving average is $76.25. 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.

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

Analysts Set New Price Targets

Several equities analysts have weighed in on DXPE shares. Stephens lifted their target price on DXP Enterprises from $75.00 to $95.00 and gave the company an “overweight” rating in a research report on Monday, March 10th. StockNews.com cut shares of DXP Enterprises from a “buy” rating to a “hold” rating in a report on Tuesday, March 25th.

Institutional Inflows and Outflows

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