DXP Enterprises (NASDAQ:DXPE) Sees Large Volume Increase - Still a Buy?

DXP Enterprises, Inc. (NASDAQ:DXPE - Get Free Report) saw unusually-high trading volume on Tuesday . Approximately 417,034 shares were traded during mid-day trading, an increase of 165% from the previous session's volume of 157,439 shares.The stock last traded at $100.20 and had previously closed at $92.23.

Analyst Ratings Changes

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

DXP Enterprises Stock Performance

The firm's 50-day moving average price is $86.09 and its two-hundred day moving average price is $88.02. The company has a debt-to-equity ratio of 1.40, a quick ratio of 2.25 and a current ratio of 2.70. The stock has a market cap of $1.56 billion, a price-to-earnings ratio of 20.61 and a beta of 1.16.

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

Insider Transactions at DXP Enterprises

In other DXP Enterprises news, COO Nicholas Little sold 45,938 shares of the company's stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $87.73, for a total value of $4,030,140.74. Following the transaction, the chief operating officer owned 812,328 shares of the company's stock, valued at $71,265,535.44. This represents a 5.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CMO Paz Maestas sold 3,000 shares of the company's stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $79.09, for a total transaction of $237,270.00. Following the completion of the transaction, the chief marketing officer directly owned 607,737 shares in the company, valued at $48,065,919.33. The trade was a 0.49% decrease in their position. The disclosure for this sale can be found here. Insiders sold 53,938 shares of company stock worth $4,690,731 in the last ninety days. 22.70% of the stock is currently owned by corporate insiders.

Institutional Trading of DXP Enterprises

Hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC lifted its position in shares of DXP Enterprises by 24.3% during the second quarter. GAMMA Investing LLC now owns 634 shares of the industrial products company's stock worth $56,000 after purchasing an additional 124 shares in the last quarter. CWM LLC lifted its position in shares of DXP Enterprises by 32.2% during the first quarter. CWM LLC now owns 1,487 shares of the industrial products company's stock worth $122,000 after purchasing an additional 362 shares in the last quarter. Lazard Asset Management LLC acquired a new stake in shares of DXP Enterprises during the fourth quarter worth about $159,000. Hsbc Holdings PLC acquired a new stake in shares of DXP Enterprises during the fourth quarter worth about $208,000. Finally, Janney Montgomery Scott LLC acquired a new stake in shares of DXP Enterprises during the first quarter worth about $210,000. Institutional investors and hedge funds 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).