DXP Enterprises (NASDAQ:DXPE) Director Sells $206,925.00 in Stock

DXP Enterprises, Inc. (NASDAQ:DXPE) Director Joseph Mannes sold 1,500 shares of the company’s stock in a transaction on Monday, March 9th. The shares were sold at an average price of $137.95, for a total value of $206,925.00. Following the completion of the sale, the director owned 13,964 shares in the company, valued at $1,926,333.80. This represents a 9.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

DXP Enterprises Trading Up 1.8%

Shares of DXPE stock traded up $2.48 during mid-day trading on Tuesday, reaching $140.12. The company’s stock had a trading volume of 122,098 shares, compared to its average volume of 115,824. The firm has a market capitalization of $2.17 billion, a PE ratio of 25.40 and a beta of 0.96. DXP Enterprises, Inc. has a 12-month low of $67.68 and a 12-month high of $171.70. The company has a quick ratio of 2.94, a current ratio of 3.34 and a debt-to-equity ratio of 1.64. The company’s 50 day simple moving average is $133.05 and its 200-day simple moving average is $119.52.

DXP Enterprises (NASDAQ:DXPE) last issued its earnings results on Wednesday, February 25th. The industrial products company reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.48. DXP Enterprises had a net margin of 4.40% and a return on equity of 18.83%. The business had revenue of $527.39 million for the quarter, compared to analyst estimates of $499.00 million. On average, research analysts predict that DXP Enterprises, Inc. will post 4.07 EPS for the current fiscal year.

Institutional Investors Weigh In On DXP Enterprises

A number of large investors have recently added to or reduced their stakes in DXPE. ProShare Advisors LLC grew its stake in shares of DXP Enterprises by 3.4% in the fourth quarter. ProShare Advisors LLC now owns 2,527 shares of the industrial products company’s stock worth $277,000 after acquiring an additional 82 shares during the last quarter. CANADA LIFE ASSURANCE Co raised its position in DXP Enterprises by 0.9% during the second quarter. CANADA LIFE ASSURANCE Co now owns 10,857 shares of the industrial products company’s stock valued at $950,000 after purchasing an additional 100 shares during the period. Apollon Wealth Management LLC raised its holdings in shares of DXP Enterprises by 2.4% in the third quarter. Apollon Wealth Management LLC now owns 5,119 shares of the industrial products company’s stock worth $610,000 after buying an additional 119 shares during the period. Private Advisor Group LLC grew its stake in DXP Enterprises by 1.2% in the third quarter. Private Advisor Group LLC now owns 10,247 shares of the industrial products company’s stock worth $1,220,000 after purchasing an additional 122 shares in the last quarter. Finally, Amalgamated Bank lifted its holdings in DXP Enterprises by 3.5% during the third quarter. Amalgamated Bank now owns 3,749 shares of the industrial products company’s stock worth $446,000 after buying an additional 128 shares during the period. Institutional investors own 74.82% of the company’s stock.

Analyst Ratings Changes

DXPE has been the topic of a number of analyst reports. Wall Street Zen cut shares of DXP Enterprises from a “buy” rating to a “hold” rating in a research note on Saturday, November 15th. Loop Capital set a $154.00 price objective on DXP Enterprises in a research note on Monday, March 2nd. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of DXP Enterprises in a research note on Monday, December 29th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $154.00.

DXP Enterprises Company Profile

DXP Enterprises, Inc is a Houston, Texas–based industrial products and services distributor serving customers across North America. The company provides a broad portfolio of maintenance, repair and operations (MRO) supplies, including fluid power components, safety products, mechanical power transmission parts, and instrumentation. DXP’s product offering spans well-recognized private brands as well as equipment and parts from leading global manufacturers, enabling clients in energy, heavy industrial and manufacturing sectors to source critical components from a single supplier.

Through its network of service centers and specialized repair facilities, DXP delivers inventory management programs, turnkey fluid power rebuilds and custom assembly solutions.