DXP Enterprises, Inc. (NASDAQ:DXPE) CMO Sells $237,270.00 in Stock

DXP Enterprises, Inc. (NASDAQ:DXPE - Get Free Report) CMO Paz Maestas sold 3,000 shares of DXP Enterprises stock in a transaction dated Wednesday, June 18th. The stock was sold at an average price of $79.09, for a total transaction of $237,270.00. Following the completion of the sale, the chief marketing officer now owns 607,737 shares of the company's stock, valued at $48,065,919.33. This trade represents a 0.49% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Wednesday, May 21st, Paz Maestas sold 3,000 shares of DXP Enterprises stock. The stock was sold at an average price of $87.00, for a total transaction of $261,000.00.

DXP Enterprises Price Performance

DXPE stock traded up $0.33 during mid-day trading on Wednesday, hitting $78.67. The stock had a trading volume of 123,210 shares, compared to its average volume of 157,514. The firm has a fifty day simple moving average of $83.78 and a 200 day simple moving average of $86.50. The firm has a market capitalization of $1.23 billion, a P/E ratio of 16.36 and a beta of 1.17. The company has a current ratio of 2.70, a quick ratio of 2.25 and a debt-to-equity ratio of 1.40. DXP Enterprises, Inc. has a 52 week low of $43.25 and a 52 week high of $107.06.

DXP Enterprises (NASDAQ:DXPE - Get Free Report) last posted 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 4.27% and a return on equity of 20.41%. The business had revenue of $476.57 million for the quarter, compared to analyst estimates of $477.00 million. As a group, research analysts forecast that DXP Enterprises, Inc. will post 4.07 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on DXPE shares. Stephens lifted their price target 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. Wall Street Zen lowered DXP Enterprises from a "buy" rating to a "hold" rating in a research note on Friday, May 16th.

Institutional Investors Weigh In On DXP Enterprises

A number of large investors have recently modified their holdings of DXPE. Voya Investment Management LLC raised its holdings in shares of DXP Enterprises by 15.0% during the 1st quarter. Voya Investment Management LLC now owns 19,636 shares of the industrial products company's stock worth $1,615,000 after buying an additional 2,568 shares in the last quarter. Strs Ohio acquired a new position in DXP Enterprises during the first quarter worth about $494,000. Jane Street Group LLC raised its stake in 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 acquiring an additional 47,909 shares in the last quarter. Millennium Management LLC lifted its holdings in shares of DXP Enterprises by 661.5% in the first quarter. Millennium Management LLC now owns 128,956 shares of the industrial products company's stock worth $10,608,000 after acquiring an additional 112,021 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. acquired a new stake in shares of DXP Enterprises in the 1st quarter valued at approximately $1,332,000. Institutional investors and hedge funds own 74.82% of the company's stock.

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).

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