Insider Selling: DXP Enterprises, Inc. (NASDAQ:DXPE) Insider Sells 5,000 Shares of Stock

Key Points

• Insider Sale: DXP Enterprises insider Christopher T. Gregory sold 5,000 shares at an average price of $122.00, totaling $610,000, which decreased his stake by 16.99% to 24,436 shares.
• Stock Performance: Following the sale, DXP Enterprises' stock rose by 5.9%, reaching $122.29, with a market cap of $1.92 billion.
• Earnings Report: The company reported an earnings per share (EPS) of $1.43 for the last quarter, surpassing analysts' expectations of $1.39, with revenues nearly on par with estimates at $498.68 million.

DXP Enterprises, Inc. (NASDAQ:DXPE - Get Free Report) insider Christopher T. Gregory sold 5,000 shares of DXP Enterprises stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $122.00, for a total value of $610,000.00. Following the completion of the transaction, the insider owned 24,436 shares of the company's stock, valued at approximately $2,981,192. This trade represents a 16.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

DXP Enterprises Stock Down 1.5%

NASDAQ:DXPE traded down $1.80 during midday trading on Friday, reaching $116.96. The company had a trading volume of 107,343 shares, compared to its average volume of 234,317. The firm has a market capitalization of $1.84 billion, a price-to-earnings ratio of 22.32 and a beta of 1.25. The stock's fifty day simple moving average is $96.71 and its 200-day simple moving average is $90.33. DXP Enterprises, Inc. has a 12-month low of $45.81 and a 12-month high of $123.63. The company has a current ratio of 2.79, a quick ratio of 2.33 and a debt-to-equity ratio of 1.33.

DXP Enterprises (NASDAQ:DXPE - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The industrial products company reported $1.43 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.39 by $0.04. The company had revenue of $498.68 million during the quarter, compared to the consensus estimate of $499.00 million. DXP Enterprises had a return on equity of 20.94% and a net margin of 4.52%. On average, sell-side analysts anticipate that DXP Enterprises, Inc. will post 4.07 earnings per share for the current fiscal year.

Institutional Trading of DXP Enterprises

A number of institutional investors have recently bought and sold shares of DXPE. EverSource Wealth Advisors LLC lifted its holdings in DXP Enterprises by 3,507.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 469 shares of the industrial products company's stock worth $41,000 after buying an additional 456 shares during the last quarter. GAMMA Investing LLC lifted its holdings in DXP Enterprises by 24.3% during the 2nd quarter. GAMMA Investing LLC now owns 634 shares of the industrial products company's stock worth $56,000 after buying an additional 124 shares during the last quarter. CWM LLC lifted its holdings in DXP Enterprises by 32.2% during the 1st quarter. CWM LLC now owns 1,487 shares of the industrial products company's stock worth $122,000 after buying an additional 362 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in DXP Enterprises by 498.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,802 shares of the industrial products company's stock worth $158,000 after buying an additional 1,501 shares during the last quarter. Finally, Lazard Asset Management LLC purchased a new stake in DXP Enterprises during the 4th quarter worth about $159,000. 74.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered DXP Enterprises from a "buy" rating to a "hold" rating in a report on Friday, May 16th.

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).