DXP Enterprises, Inc. (NASDAQ:DXPE) CMO Paz Maestas Sells 3,000 Shares

DXP Enterprises, Inc. (NASDAQ:DXPE - Get Free Report) CMO Paz Maestas sold 3,000 shares of the company's stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $87.00, for a total transaction of $261,000.00. Following the completion of the transaction, the chief marketing officer now owns 610,737 shares in the company, valued at approximately $53,134,119. This represents a 0.49% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Paz Maestas also recently made the following trade(s):

• On Wednesday, March 19th, Paz Maestas sold 4,328 shares of DXP Enterprises stock. The shares were sold at an average price of $89.04, for a total value of $385,365.12.

DXP Enterprises Stock Performance

Shares of NASDAQ DXPE traded down $1.02 during midday trading on Wednesday, hitting $84.19. 61,583 shares of the stock traded hands, compared to its average volume of 158,772. The firm has a 50-day moving average of $83.91 and a two-hundred day moving average of $85.45. The firm has a market capitalization of $1.32 billion, a P/E ratio of 21.70 and a beta of 1.26. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.78 and a current ratio of 2.22. DXP Enterprises, Inc. has a one year low of $43.25 and a one year high of $107.06.

DXP Enterprises (NASDAQ:DXPE - Get Free Report) last posted its earnings results on Wednesday, May 7th. The industrial products company reported $1.26 earnings per share for the quarter, beating analysts' consensus estimates of $1.20 by $0.06. DXP Enterprises had a return on equity of 18.74% and a net margin of 3.75%. The company had revenue of $476.57 million for the quarter, compared to the consensus estimate of $477.00 million. On average, equities analysts forecast that DXP Enterprises, Inc. will post 4.07 EPS for the current fiscal year.

Wall Street Analyst Weigh In

DXPE has been the topic of several research analyst reports. Wall Street Zen cut shares of DXP Enterprises from a "buy" rating to a "hold" rating in a research note on Friday, May 16th. Stephens increased 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.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in DXPE. Wellington Management Group LLP raised its stake in DXP Enterprises by 13.3% during the 1st quarter. Wellington Management Group LLP now owns 931,004 shares of the industrial products company's stock worth $76,584,000 after acquiring an additional 109,151 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of DXP Enterprises by 5.7% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 720,320 shares of the industrial products company's stock valued at $59,513,000 after purchasing an additional 38,900 shares during the period. Invesco Ltd. raised its position in shares of DXP Enterprises by 22.6% during the 1st quarter. Invesco Ltd. now owns 280,430 shares of the industrial products company's stock valued at $23,068,000 after purchasing an additional 51,664 shares during the period. Northern Trust Corp raised its position in shares of DXP Enterprises by 10.2% during the 4th quarter. Northern Trust Corp now owns 228,940 shares of the industrial products company's stock valued at $18,915,000 after purchasing an additional 21,220 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its position in shares of DXP Enterprises by 2,589.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 149,349 shares of the industrial products company's stock valued at $12,339,000 after purchasing an additional 143,795 shares during the period. 74.82% of the stock is currently owned by institutional investors.

About DXP Enterprises

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).