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

DXP Enterprises, Inc. (NASDAQ:DXPE - Get Free Report) CMO Paz Maestas sold 3,000 shares of the company's 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 directly owns 607,737 shares of the company's stock, valued at approximately $48,065,919.33. This trade represents a 0.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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 Stock Performance

DXP Enterprises stock traded up $3.23 during midday trading on Friday, hitting $81.90. 309,609 shares of the company were exchanged, compared to its average volume of 151,671. The firm has a market capitalization of $1.29 billion, a PE ratio of 17.03 and a beta of 1.17. DXP Enterprises, Inc. has a fifty-two week low of $43.25 and a fifty-two week high of $107.06. The business has a fifty day simple moving average of $83.79 and a two-hundred day simple moving average of $86.62. The company has a debt-to-equity ratio of 1.40, a quick ratio of 2.25 and a current ratio of 2.70.

DXP Enterprises (NASDAQ:DXPE - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $1.26 EPS for the quarter, topping analysts' consensus estimates of $1.20 by $0.06. The business had revenue of $476.57 million for the quarter, compared to analysts' expectations of $477.00 million. DXP Enterprises had a net margin of 4.27% and a return on equity of 20.41%. On average, sell-side analysts forecast that DXP Enterprises, Inc. will post 4.07 earnings per share for the current year.

Institutional Investors Weigh In On DXP Enterprises

A number of institutional investors have recently modified their holdings of the business. Wellington Management Group LLP grew its holdings in DXP Enterprises by 13.3% in the first quarter. Wellington Management Group LLP now owns 931,004 shares of the industrial products company's stock valued at $76,584,000 after purchasing an additional 109,151 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in DXP Enterprises by 5.7% in 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 acquiring an additional 38,900 shares during the period. Invesco Ltd. grew its position in shares of DXP Enterprises by 22.6% in the first 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 grew its position in shares of DXP Enterprises by 10.2% in the fourth 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 grew its position in shares of DXP Enterprises by 2,589.0% in the fourth 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 and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on DXPE shares. Stephens increased their price objective on shares of DXP Enterprises from $75.00 to $95.00 and gave the stock an "overweight" rating in a research note on Monday, March 10th. Wall Street Zen downgraded DXP Enterprises from a "buy" rating to a "hold" rating in a research 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).