DXP Enterprises (NASDAQ:DXPE) COO Sells $2,422,753.20 in Stock

Key Points

• Nicholas Little, COO of DXP Enterprises, sold 20,440 shares of the company's stock for a total of $2,422,753.20, reducing his ownership by 2.52%.
• DXP Enterprises reported $1.43 earnings per share (EPS) for the last quarter, surpassing market expectations by $0.04, with a total revenue of $498.68 million.
• Institutional investors own 74.82% of DXP Enterprises' stock, with notable increases from Osaic Holdings Inc. and Nomura Holdings Inc.

DXP Enterprises, Inc. (NASDAQ:DXPE - Get Free Report) COO Nicholas Little sold 20,440 shares of the business's stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $118.53, for a total value of $2,422,753.20. Following the sale, the chief operating officer owned 791,888 shares of the company's stock, valued at $93,862,484.64. The trade was a 2.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Nicholas Little also recently made the following trade(s):

• On Monday, June 30th, Nicholas Little sold 45,938 shares of DXP Enterprises stock. The stock was sold at an average price of $87.73, for a total value of $4,030,140.74.

DXP Enterprises Price Performance

Shares of DXPE traded up $0.95 during trading hours on Tuesday, hitting $117.42. 54,398 shares of the stock were exchanged, compared to its average volume of 182,537. The company has a debt-to-equity ratio of 1.33, a quick ratio of 2.33 and a current ratio of 2.79. DXP Enterprises, Inc. has a 12-month low of $48.45 and a 12-month high of $129.56. The company has a market cap of $1.84 billion, a price-to-earnings ratio of 22.41 and a beta of 1.24. The stock's 50-day moving average price is $114.81 and its two-hundred day moving average price is $94.90.

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

Analysts Set New Price Targets

A number of research firms have weighed in on DXPE. Singular Research raised DXP Enterprises to a "moderate buy" rating in a research note on Tuesday, September 9th. Wall Street Zen lowered DXP Enterprises from a "strong-buy" rating to a "buy" rating in a research note on Saturday, September 13th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $95.00.

Institutional Trading of DXP Enterprises

A number of institutional investors and hedge funds have recently bought and sold shares of DXPE. Wellington Management Group LLP purchased a new stake in DXP Enterprises during the fourth quarter worth about $67,901,000. Laurel Wealth Advisors LLC increased its stake in DXP Enterprises by 8,665.0% during the second quarter. Laurel Wealth Advisors LLC now owns 122,710 shares of the industrial products company's stock worth $10,756,000 after purchasing an additional 121,310 shares during the period. Millennium Management LLC increased its stake in 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 purchasing an additional 112,021 shares during the period. American Century Companies Inc. increased its stake in DXP Enterprises by 24.5% during the second quarter. American Century Companies Inc. now owns 562,210 shares of the industrial products company's stock worth $49,278,000 after purchasing an additional 110,482 shares during the period. Finally, Nomura Holdings Inc. acquired a new stake in DXP Enterprises in the 1st quarter valued at about $5,831,000. 74.82% of the stock is currently owned by hedge funds and other institutional investors.

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).