DXP Enterprises Inc. (NASDAQ:DXPE) insider Todd Hamlin sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, November 22nd. The shares were sold at an average price of $30.08, for a total value of $45,120.00. Following the sale, the insider now directly owns 22,168 shares in the company, valued at approximately $666,813.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Shares of DXP Enterprises Inc. (NASDAQ:DXPE) traded up 2.32% on Wednesday, reaching $30.81. The company had a trading volume of 84,134 shares. The company’s 50-day moving average price is $25.58 and its 200 day moving average price is $21.46. DXP Enterprises Inc. has a 52 week low of $12.67 and a 52 week high of $33.04. The firm’s market capitalization is $534.12 million.

DXP Enterprises (NASDAQ:DXPE) last released its quarterly earnings data on Monday, November 14th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by $0.10. The business had revenue of $230 million for the quarter, compared to analyst estimates of $253.35 million. DXP Enterprises had a positive return on equity of 3.61% and a negative net margin of 0.26%. The company’s revenue was down 24.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.32 earnings per share. On average, analysts expect that DXP Enterprises Inc. will post $0.02 EPS for the current year.

Insider Buying and Selling by Quarter for DXP Enterprises (NASDAQ:DXPE)

A number of research firms have commented on DXPE. Zacks Investment Research upgraded DXP Enterprises from a “hold” rating to a “strong-buy” rating and set a $32.00 price target for the company in a research note on Friday, August 12th. Stephens set a $45.00 price target on DXP Enterprises and gave the company a “buy” rating in a research note on Sunday, August 21st. Finally, William Blair reiterated a “market perform” rating and issued a $29.00 price target on shares of DXP Enterprises in a research note on Saturday, October 22nd.

Several 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 about $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 in the last quarter. 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 in the last quarter. Wedbush Securities Inc. acquired a new position in DXP Enterprises during the second quarter valued at about $182,000. Finally, American International Group Inc. boosted its position in DXP Enterprises by 0.3% in the third quarter. American International Group Inc. now owns 9,624 shares of the company’s stock valued at $271,000 after buying an additional 29 shares in the last quarter. 69.65% of the stock is owned by institutional investors and hedge funds.

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About DXP Enterprises

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.

5 Day Chart for NASDAQ:DXPE

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