DXP Enterprises, Inc. (NASDAQ:DXPE - Get Free Report) Director Timothy P. Halter sold 5,000 shares of the stock in a transaction on Monday, March 24th. The shares were sold at an average price of $89.75, for a total value of $448,750.00. Following the completion of the transaction, the director now directly owns 45,925 shares in the company, valued at approximately $4,121,768.75. This trade represents a 9.82 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
DXP Enterprises Trading Down 3.0 %
DXPE opened at $85.71 on Thursday. DXP Enterprises, Inc. has a 1-year low of $43.25 and a 1-year high of $107.06. The company's 50 day moving average is $93.95 and its 200-day moving average is $75.77. The company has a current ratio of 2.22, a quick ratio of 1.78 and a debt-to-equity ratio of 1.29. The company has a market cap of $1.35 billion, a P/E ratio of 22.09 and a beta of 1.66.
DXP Enterprises (NASDAQ:DXPE - Get Free Report) last posted its quarterly earnings data on Thursday, March 6th. The industrial products company reported $1.38 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.49. DXP Enterprises had a net margin of 3.75% and a return on equity of 18.74%. The company had revenue of $470.91 million during the quarter, compared to analysts' expectations of $447.00 million. Equities research analysts predict that DXP Enterprises, Inc. will post 4.07 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Several equities research analysts have recently issued reports on DXPE shares. StockNews.com downgraded shares of DXP Enterprises from a "buy" rating to a "hold" rating in a research report on Tuesday. Stephens lifted their price objective on shares of DXP Enterprises from $75.00 to $95.00 and gave the company an "overweight" rating in a research report on Monday, March 10th.
View Our Latest Stock Analysis on DXPE
Institutional Investors Weigh In On DXP Enterprises
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Global Retirement Partners LLC boosted its stake in shares of DXP Enterprises by 2,220.0% in the 4th quarter. Global Retirement Partners LLC now owns 348 shares of the industrial products company's stock worth $29,000 after buying an additional 333 shares during the last quarter. Quantbot Technologies LP purchased a new position in shares of DXP Enterprises in the third quarter worth about $41,000. Smartleaf Asset Management LLC raised its holdings in DXP Enterprises by 3,150.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 520 shares of the industrial products company's stock valued at $43,000 after acquiring an additional 504 shares during the period. Lazard Asset Management LLC purchased a new position in DXP Enterprises during the 4th quarter valued at about $159,000. Finally, Hsbc Holdings PLC purchased a new position in shares of DXP Enterprises during the 4th quarter valued at $208,000. 74.82% of the stock is owned by institutional investors.
About DXP Enterprises
(
Get Free Report)
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).
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