DXP Enterprises, Inc. (NASDAQ:DXPE - Get Free Report)'s stock price traded down 5.2% on Wednesday . The company traded as low as $94.77 and last traded at $94.20. 167,375 shares changed hands during trading, an increase of 5% from the average session volume of 158,947 shares. The stock had previously closed at $99.35.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen cut shares of DXP Enterprises from a "buy" rating to a "hold" rating in a research note on Friday, May 16th.
Get Our Latest Stock Analysis on DXPE
DXP Enterprises Stock Down 0.8%
The company has a debt-to-equity ratio of 1.40, a current ratio of 2.70 and a quick ratio of 2.25. The company has a market cap of $1.56 billion, a P/E ratio of 20.71 and a beta of 1.16. The stock has a 50-day moving average of $86.38 and a 200 day moving average of $88.17.
DXP Enterprises (NASDAQ:DXPE - Get Free Report) last released its earnings results on Wednesday, May 7th. The industrial products company reported $1.26 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $476.57 million for the quarter, compared to analysts' expectations of $477.00 million. Research analysts anticipate that DXP Enterprises, Inc. will post 4.07 earnings per share for the current year.
Insider Activity
In related news, CMO Paz Maestas sold 2,000 shares of DXP Enterprises stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $81.16, for a total value of $162,320.00. Following the transaction, the chief marketing officer directly owned 605,737 shares of the company's stock, valued at $49,161,614.92. The trade was a 0.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Nicholas Little sold 45,938 shares of DXP Enterprises stock in a transaction that occurred 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 completion of the transaction, the chief operating officer directly owned 812,328 shares in the company, valued at approximately $71,265,535.44. This represents a 5.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 53,938 shares of company stock worth $4,690,731. Company insiders own 22.70% of the company's stock.
Hedge Funds Weigh In On DXP Enterprises
Several institutional investors have recently added to or reduced their stakes in DXPE. GAMMA Investing LLC increased its holdings 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 valued at $56,000 after acquiring an additional 124 shares in the last quarter. CWM LLC grew its holdings in 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 buying an additional 362 shares in the last quarter. Lazard Asset Management LLC bought a new stake in DXP Enterprises during the fourth quarter worth $159,000. Hsbc Holdings PLC bought a new stake in DXP Enterprises during the fourth quarter worth $208,000. Finally, Janney Montgomery Scott LLC bought a new stake in DXP Enterprises during the first quarter worth $210,000. 74.82% of the stock is owned by institutional investors and hedge funds.
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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