DXP Enterprises (NASDAQ:DXPE) Insider Christopher Gregory Sells 4,477 Shares

Key Points

• Insider Christopher Gregory sold 4,477 shares of DXP Enterprises at an average price of $119.76, totaling approximately $536,165.52, resulting in an 18.32% decrease in his position.
• DXP Enterprises reported earnings of $1.43 per share for the last quarter, exceeding estimates, with a revenue of $498.68 million.
• The stock currently holds a consensus rating of "Buy" from analysts, despite a recent downgrade from "strong-buy" to "buy" by Wall Street Zen.

DXP Enterprises, Inc. (NASDAQ:DXPE - Get Free Report) insider Christopher Gregory sold 4,477 shares of the firm's stock in a transaction dated Thursday, September 25th. The stock was sold at an average price of $119.76, for a total transaction of $536,165.52. Following the transaction, the insider owned 19,959 shares of the company's stock, valued at approximately $2,390,289.84. This represents a 18.32% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

DXP Enterprises Stock Performance

DXP Enterprises stock traded up $2.01 during trading hours on Friday, hitting $121.97. The company had a trading volume of 209,050 shares, compared to its average volume of 182,518. The firm has a market cap of $1.91 billion, a PE ratio of 23.28 and a beta of 1.24. The firm has a 50-day moving average of $115.95 and a 200 day moving average of $95.50. The company has a debt-to-equity ratio of 1.33, a current ratio of 2.79 and a quick ratio of 2.33. DXP Enterprises, Inc. has a one year low of $48.45 and a one year high of $129.56.

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

Wall Street Analyst Weigh In

DXPE has been the subject of a number of recent analyst reports. Wall Street Zen cut shares of DXP Enterprises from a "strong-buy" rating to a "buy" rating in a research note on Saturday, September 13th. Singular Research raised shares of DXP Enterprises to a "moderate buy" rating in a research report on Tuesday, September 9th. Two analysts have rated the stock with a Buy rating, According to MarketBeat, DXP Enterprises currently has an average rating of "Buy" and a consensus target price of $95.00.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wellington Management Group LLP grew its position in shares of DXP Enterprises by 13.3% during the 1st quarter. Wellington Management Group LLP now owns 931,004 shares of the industrial products company's stock worth $76,584,000 after buying an additional 109,151 shares during the period. American Century Companies Inc. lifted its stake in shares of DXP Enterprises by 24.5% in the 2nd quarter. American Century Companies Inc. now owns 562,210 shares of the industrial products company's stock valued at $49,278,000 after acquiring an additional 110,482 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of DXP Enterprises by 2.9% in the 2nd quarter. Geode Capital Management LLC now owns 329,543 shares of the industrial products company's stock worth $28,888,000 after buying an additional 9,216 shares during the last quarter. Invesco Ltd. grew its stake in shares of DXP Enterprises by 22.6% in the 1st quarter. Invesco Ltd. now owns 280,430 shares of the industrial products company's stock worth $23,068,000 after buying an additional 51,664 shares during the last quarter. Finally, Millennium Management LLC lifted its position 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 valued at $10,608,000 after acquiring an additional 112,021 shares in the last quarter. Hedge funds and other institutional investors 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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