DXP Enterprises Inc. (DXPE) SVP John Jay Jeffery Sells 1,000 Shares
DXP Enterprises Inc. (NASDAQ:DXPE) SVP John Jay Jeffery sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, September 30th. The stock was sold at an average price of $28.07, for a total value of $28,070.00. Following the transaction, the senior vice president now owns 14,221 shares in the company, valued at approximately $399,183.47. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
John Jay Jeffery also recently made the following trade(s):
- On Tuesday, August 16th, John Jay Jeffery sold 1,000 shares of DXP Enterprises stock. The stock was sold at an average price of $29.80, for a total value of $29,800.00.
DXP Enterprises Inc. (NASDAQ:DXPE) opened at 29.32 on Thursday. DXP Enterprises Inc. has a 52 week low of $12.67 and a 52 week high of $34.49. The stock’s market capitalization is $425.23 million. The firm has a 50 day moving average price of $27.63 and a 200 day moving average price of $20.01.
DXP Enterprises (NASDAQ:DXPE) last released its quarterly earnings results on Tuesday, August 9th. The company reported $0.34 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.05) by $0.39. DXP Enterprises had a positive return on equity of 6.74% and a negative net margin of 5.07%. The business had revenue of $256.22 million for the quarter, compared to analysts’ expectations of $250.65 million. During the same quarter in the previous year, the firm posted $0.47 earnings per share. The company’s revenue was down 20.8% compared to the same quarter last year. Equities research analysts predict that DXP Enterprises Inc. will post $0.26 earnings per share for the current year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Zacks Investment Management acquired a new position in DXP Enterprises during the second quarter valued at approximately $152,000. Metropolitan Life Insurance Co. NY boosted its position in DXP Enterprises by 8.4% in the second quarter. Metropolitan Life Insurance Co. NY now owns 10,334 shares of the company’s stock valued at $154,000 after buying an additional 799 shares during the period. State Board of Administration of Florida Retirement System boosted its position in DXP Enterprises by 6.7% in the second quarter. State Board of Administration of Florida Retirement System now owns 11,751 shares of the company’s stock valued at $175,000 after buying an additional 741 shares during the period. Wedbush Securities Inc. acquired a new position in DXP Enterprises during the second quarter valued at approximately $182,000. Finally, Los Angeles Capital Management & Equity Research Inc. acquired a new position in DXP Enterprises during the first quarter valued at approximately $258,000. Institutional investors and hedge funds own 81.25% of the company’s stock.
DXPE has been the topic of a number of research reports. Stephens set a $45.00 price target on DXP Enterprises and gave the stock a “buy” rating in a research note on Sunday, August 21st. Zacks Investment Research upgraded DXP Enterprises from a “hold” rating to a “strong-buy” rating and set a $32.00 target price on the stock in a research note on Friday, August 12th.
DXP Enterprises Company Profile
DXP Enterprises, Inc (DXP) is engaged in the business of distributing maintenance, repair and operating (MRO) products, equipment and service to industrial customers. The Company operates through three segments: Service Centers, Supply Chain Services and Innovative Pumping Solutions. The Service Centers segment provides MRO products, equipment and services, including technical expertise and logistics capabilities to industrial customers.
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