Insider Selling: DXP Enterprises, Inc. (NASDAQ:DXPE) COO Sells 45,938 Shares of Stock

DXP Enterprises, Inc. (NASDAQ:DXPE - Get Free Report) COO Nicholas Little sold 45,938 shares of the company's stock in a transaction on Monday, June 30th. The shares were sold at an average price of $87.73, for a total transaction of $4,030,140.74. Following the completion of the sale, the chief operating officer owned 812,328 shares of the company's stock, valued at approximately $71,265,535.44. This represents a 5.35% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

DXP Enterprises Stock Down 1.5%

NASDAQ DXPE traded down $1.34 during trading on Wednesday, hitting $88.71. The stock had a trading volume of 34,163 shares, compared to its average volume of 177,860. The company has a market capitalization of $1.39 billion, a PE ratio of 18.44 and a beta of 1.16. DXP Enterprises, Inc. has a 12 month low of $43.25 and a 12 month high of $107.06. The company's 50-day moving average price is $84.76 and its two-hundred day moving average price is $87.00. 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 released 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 net margin of 4.27% and a return on equity of 20.41%. The business had revenue of $476.57 million during the quarter, compared to the consensus estimate of $477.00 million. As a group, sell-side analysts forecast that DXP Enterprises, Inc. will post 4.07 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of DXPE. Prudential Financial Inc. raised its position in DXP Enterprises by 96.2% during the fourth quarter. Prudential Financial Inc. now owns 26,105 shares of the industrial products company's stock worth $2,157,000 after acquiring an additional 12,800 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of DXP Enterprises by 14.9% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 33,293 shares of the industrial products company's stock valued at $2,751,000 after purchasing an additional 4,321 shares during the period. Raymond James Financial Inc. bought a new position in DXP Enterprises during the fourth quarter worth about $1,037,000. Intech Investment Management LLC acquired a new position in DXP Enterprises during the fourth quarter worth approximately $447,000. Finally, Arrowstreet Capital Limited Partnership raised its stake in 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 buying an additional 143,795 shares during the period. 74.82% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on DXPE shares. Stephens raised their price target on DXP Enterprises from $75.00 to $95.00 and gave the stock an "overweight" rating in a research report on Monday, March 10th. Wall Street Zen cut 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).