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 dated Tuesday, March 25th. The stock was sold at an average price of $88.43, for a total transaction of $305,702.51. Following the transaction, the chief financial officer now directly owns 68,849 shares of the company’s stock, valued at approximately $6,088,317.07. This represents a 4.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

DXP Enterprises Price Performance

DXP Enterprises stock opened at $82.88 on Friday. 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 stock has a market cap of $1.30 billion, a price-to-earnings ratio of 21.36 and a beta of 1.66. The firm has a 50-day moving average of $93.23 and a two-hundred day moving average of $76.06. DXP Enterprises, Inc. has a 1 year low of $43.25 and a 1 year high of $107.06.

DXP Enterprises (NASDAQ:DXPE) last announced 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. The firm had revenue of $470.91 million during the quarter, compared to analyst estimates 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 forecast that DXP Enterprises, Inc. will post 4.07 earnings per share for the current year.

Institutional Trading of DXP Enterprises

Several institutional investors and hedge funds have recently made changes to their positions in the company. Global Retirement Partners LLC increased its position 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 purchasing an additional 333 shares during the period. Quantbot Technologies LP bought a new position in shares of DXP Enterprises during the third quarter valued at approximately $41,000. 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 valued at $43,000 after buying an additional 504 shares during the period. Lazard Asset Management LLC bought a new position in DXP Enterprises in the fourth quarter worth approximately $159,000. Finally, Hsbc Holdings PLC purchased a new stake in DXP Enterprises during the fourth quarter worth $208,000. 74.82% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on DXPE. Stephens boosted 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 downgraded DXP Enterprises from a “buy” rating to a “hold” rating in a research 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).