Paz Maestas Sells 10,000 Shares of DXP Enterprises (NASDAQ:DXPE) Stock

DXP Enterprises, Inc. (NASDAQ:DXPE) CMO Paz Maestas sold 10,000 shares of the firm’s stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $164.37, for a total value of $1,643,700.00. Following the transaction, the chief marketing officer directly owned 590,262 shares in the company, valued at approximately $97,021,364.94. This represents a 1.67% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

DXP Enterprises Stock Performance

NASDAQ DXPE opened at $168.91 on Friday. The company has a quick ratio of 2.56, a current ratio of 2.98 and a debt-to-equity ratio of 1.60. DXP Enterprises, Inc. has a 52-week low of $75.58 and a 52-week high of $183.91. The business’s 50-day moving average price is $154.96 and its 200 day moving average price is $135.52. The firm has a market cap of $2.62 billion, a P/E ratio of 31.57 and a beta of 0.99.

DXP Enterprises (NASDAQ:DXPE) last announced its quarterly earnings data on Thursday, May 7th. The industrial products company reported $1.26 earnings per share for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.12). DXP Enterprises had a net margin of 4.27% and a return on equity of 18.16%. The business had revenue of $521.66 million during the quarter, compared to analysts’ expectations of $531.00 million. On average, equities research analysts expect that DXP Enterprises, Inc. will post 6.2 earnings per share for the current year.

Institutional Investors Weigh In On DXP Enterprises

Hedge funds and other institutional investors have recently modified their holdings of the stock. EverSource Wealth Advisors LLC lifted its stake in DXP Enterprises by 3,507.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 469 shares of the industrial products company’s stock valued at $41,000 after buying an additional 456 shares in the last quarter. KBC Group NV purchased a new stake in DXP Enterprises in the 1st quarter valued at approximately $51,000. Clearstead Advisors LLC lifted its stake in DXP Enterprises by 164.5% in the 4th quarter. Clearstead Advisors LLC now owns 492 shares of the industrial products company’s stock valued at $54,000 after buying an additional 306 shares in the last quarter. GAMMA Investing LLC lifted its stake in DXP Enterprises by 35.4% in the 4th quarter. GAMMA Investing LLC now owns 860 shares of the industrial products company’s stock valued at $94,000 after buying an additional 225 shares in the last quarter. Finally, State of Wyoming purchased a new stake in DXP Enterprises in the 4th quarter valued at approximately $152,000. 74.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have weighed in on DXPE shares. Freedom Capital lowered DXP Enterprises from a “strong-buy” rating to a “hold” rating in a report on Monday, May 11th. Zacks Research lowered DXP Enterprises from a “strong-buy” rating to a “hold” rating in a report on Monday, May 11th. Wall Street Zen lowered DXP Enterprises from a “buy” rating to a “hold” rating in a report on Saturday, June 6th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of DXP Enterprises in a report on Friday, May 22nd. Finally, Loop Capital set a $154.00 price objective on DXP Enterprises in a report on Monday, March 2nd. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $154.00.

About DXP Enterprises

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.