Insider Selling: DXP Enterprises, Inc. (NASDAQ:DXPE) CMO Sells 3,000 Shares of Stock

DXP Enterprises, Inc. (NASDAQ:DXPE - Get Free Report) CMO Paz Maestas sold 3,000 shares of the firm'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 transaction, the chief marketing officer now directly owns 610,737 shares in the company, valued at approximately $53,134,119. This trade represents a 0.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

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

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

DXP Enterprises Stock Up 1.4%

NASDAQ DXPE traded up $1.19 on Tuesday, hitting $85.21. The stock had a trading volume of 66,525 shares, compared to its average volume of 159,161. The business's fifty day moving average price is $83.91 and its 200 day moving average price is $85.45. The company has a debt-to-equity ratio of 1.29, a current ratio of 2.22 and a quick ratio of 1.78. DXP Enterprises, Inc. has a 52-week low of $43.25 and a 52-week high of $107.06. The stock has a market cap of $1.34 billion, a price-to-earnings ratio of 21.96 and a beta of 1.26.

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

Hedge Funds Weigh In On DXP Enterprises

Institutional investors and hedge funds have recently bought and sold shares of the company. Jane Street Group LLC lifted its stake in shares of DXP Enterprises by 433.8% during the first quarter. Jane Street Group LLC now owns 58,954 shares of the industrial products company's stock worth $4,850,000 after buying an additional 47,909 shares during the period. Millennium Management LLC lifted its stake in shares of DXP Enterprises by 661.5% during the first quarter. Millennium Management LLC now owns 128,956 shares of the industrial products company's stock worth $10,608,000 after buying an additional 112,021 shares during the period. Jacobs Levy Equity Management Inc. acquired a new stake in shares of DXP Enterprises during the first quarter worth $1,332,000. Royal Bank of Canada lifted its stake in shares of DXP Enterprises by 29.4% during the first quarter. Royal Bank of Canada now owns 5,071 shares of the industrial products company's stock worth $417,000 after buying an additional 1,153 shares during the period. Finally, Nomura Holdings Inc. acquired a new stake in shares of DXP Enterprises during the first quarter worth $5,831,000. 74.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. 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 report on Monday, March 10th. Wall Street Zen lowered shares of DXP Enterprises from a "buy" rating to a "hold" rating in a report on Friday, May 16th.

DXP Enterprises Company Profile

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).