Shares of DXP Enterprises, Inc. (NASDAQ:DXPE - Get Free Report) saw unusually-strong trading volume on Tuesday . Approximately 417,034 shares changed hands during 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.
Analysts Set New Price Targets
Separately, Wall Street Zen cut DXP Enterprises from a "buy" rating to a "hold" rating in a report on Friday, May 16th.
Check Out Our Latest Report on DXPE
DXP Enterprises Trading Down 2.1%
The business has a fifty day moving average of $85.81 and a 200-day moving average of $87.89. 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 company has a market capitalization of $1.53 billion, a P/E ratio of 20.21 and a beta of 1.16.
DXP Enterprises (NASDAQ:DXPE - Get Free Report) last issued its earnings results on Wednesday, May 7th. The industrial products company reported $1.26 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.20 by $0.06. DXP Enterprises had a return on equity of 20.41% and a net margin of 4.27%. The company had revenue of $476.57 million for the quarter, compared to analysts' expectations of $477.00 million. Analysts anticipate that DXP Enterprises, Inc. will post 4.07 earnings per share for the current fiscal year.
Insiders Place Their Bets
In related news, COO Nicholas Little sold 45,938 shares of the stock in a transaction on Monday, June 30th. The stock was sold at an average price of $87.73, for a total value of $4,030,140.74. Following the transaction, the chief operating officer directly owned 812,328 shares in the company, valued at $71,265,535.44. This trade represents a 5.35% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CMO Paz Maestas sold 3,000 shares of the stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $79.09, for a total value of $237,270.00. Following the completion of the transaction, the chief marketing officer owned 607,737 shares in the company, valued at approximately $48,065,919.33. This represents a 0.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 53,938 shares of company stock worth $4,690,731. 22.70% of the stock is owned by company insiders.
Hedge Funds Weigh In On DXP Enterprises
Several large investors have recently bought and sold shares of the stock. Rezny Wealth Management Inc. lifted its stake in DXP Enterprises by 1.2% during the 2nd quarter. Rezny Wealth Management Inc. now owns 17,803 shares of the industrial products company's stock valued at $1,560,000 after acquiring an additional 215 shares in the last quarter. State of Alaska Department of Revenue lifted its stake in DXP Enterprises by 7.4% during the 2nd quarter. State of Alaska Department of Revenue now owns 7,566 shares of the industrial products company's stock valued at $663,000 after acquiring an additional 521 shares in the last quarter. GAMMA Investing LLC lifted its stake in DXP Enterprises by 24.3% during the 2nd quarter. GAMMA Investing LLC now owns 634 shares of the industrial products company's stock valued at $56,000 after acquiring an additional 124 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in DXP Enterprises by 46.2% during the 2nd quarter. Assenagon Asset Management S.A. now owns 21,741 shares of the industrial products company's stock valued at $1,906,000 after acquiring an additional 6,871 shares in the last quarter. Finally, Harbor Capital Advisors Inc. lifted its stake in DXP Enterprises by 37.9% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 3,939 shares of the industrial products company's stock valued at $345,000 after acquiring an additional 1,083 shares in the last quarter. 74.82% of the stock is currently owned by institutional investors.
About DXP Enterprises
(
Get Free Report)
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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