DXP Enterprises (NASDAQ:DXPE) Reaches New 12-Month Low - Should You Sell?

Shares of DXP Enterprises, Inc. (NASDAQ:DXPE - Get Free Report) reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $83.13 and last traded at $88.46, with a volume of 100877 shares changing hands. The stock had previously closed at $87.49.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Stephens raised their price objective on DXP Enterprises from $75.00 to $95.00 and gave the company an "overweight" rating in a research note on Monday, March 10th. StockNews.com downgraded DXP Enterprises from a "buy" rating to a "hold" rating in a research note on Wednesday, April 30th.

DXP Enterprises Price Performance

The company has a 50-day moving average of $82.86 and a 200-day moving average of $81.98. The stock has a market capitalization of $1.43 billion, a price-to-earnings ratio of 23.53 and a beta of 1.26. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.78 and a current ratio of 2.22.

DXP Enterprises (NASDAQ:DXPE - Get Free Report) last posted its quarterly earnings data on Thursday, March 6th. The industrial products company reported $1.38 EPS for the quarter, beating analysts' consensus estimates of $0.89 by $0.49. DXP Enterprises had a return on equity of 18.74% and a net margin of 3.75%. The business had revenue of $470.91 million for the quarter, compared to analyst estimates of $447.00 million. As a group, equities research analysts expect that DXP Enterprises, Inc. will post 4.07 earnings per share for the current fiscal year.

Insider Transactions at DXP Enterprises

In related news, CFO Kent Nee Hung Yee sold 3,457 shares of the company's stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $88.43, for a total transaction of $305,702.51. Following the completion of the transaction, the chief financial officer now owns 68,849 shares of the company's stock, valued at approximately $6,088,317.07. This represents a 4.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO David R. Little purchased 5,999 shares of the firm's stock in a transaction on Wednesday, March 26th. The stock was bought at an average price of $82.70 per share, for a total transaction of $496,117.30. Following the acquisition, the chief executive officer now owns 1,257,593 shares in the company, valued at $104,002,941.10. The trade was a 0.48 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 12,785 shares of company stock worth $1,139,818 over the last ninety days. 22.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On DXP Enterprises

Institutional investors have recently added to or reduced their stakes in the company. Private Advisor Group LLC purchased a new stake in shares of DXP Enterprises during the 1st quarter worth about $791,000. Diversify Advisory Services LLC purchased a new position in shares of DXP Enterprises in the 1st quarter valued at $766,000. Jennison Associates LLC acquired a new position in shares of DXP Enterprises during the 1st quarter valued at $629,000. Victory Capital Management Inc. increased its holdings in DXP Enterprises by 113.3% in the 1st quarter. Victory Capital Management Inc. now owns 41,377 shares of the industrial products company's stock valued at $3,404,000 after purchasing an additional 21,978 shares in the last quarter. Finally, CWM LLC grew its stake in shares of DXP Enterprises by 32.2% in the first quarter. CWM LLC now owns 1,487 shares of the industrial products company's stock valued at $122,000 after buying an additional 362 shares in the last quarter. Hedge funds and other institutional investors own 74.82% of the company's stock.

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).