DXP Enterprises (NASDAQ:DXPE) SVP Sells $250,860.00 in Stock

Key Points

• DXP Enterprises SVP John Jay Jeffery sold 2,000 shares at an average price of $125.43, totaling $250,860.00, reducing his ownership by 9.09%.
• The company reported earnings of $1.43 per share for the last quarter, exceeding analyst expectations of $1.39, with revenues slightly below forecasts at $498.68 million.
• Analysts currently hold a consensus rating of "Buy" for DXP Enterprises and have set a price target of $95.00.

DXP Enterprises, Inc. (NASDAQ:DXPE - Get Free Report) SVP John Jay Jeffery sold 2,000 shares of the stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $125.43, for a total transaction of $250,860.00. Following the transaction, the senior vice president directly owned 20,008 shares in the company, valued at approximately $2,509,603.44. This represents a 9.09% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

John Jay Jeffery also recently made the following trade(s):

• On Wednesday, August 13th, John Jay Jeffery sold 2,000 shares of DXP Enterprises stock. The shares were sold at an average price of $120.25, for a total transaction of $240,500.00.

DXP Enterprises Trading Down 0.4%

DXP Enterprises stock traded down $0.54 during trading hours on Monday, reaching $124.35. The stock had a trading volume of 60,003 shares, compared to its average volume of 186,436. The stock has a market cap of $1.95 billion, a PE ratio of 23.73 and a beta of 1.25. DXP Enterprises, Inc. has a 52 week low of $45.81 and a 52 week high of $126.60. The company has a debt-to-equity ratio of 1.33, a current ratio of 2.79 and a quick ratio of 2.33. The company has a fifty day simple moving average of $100.65 and a 200-day simple moving average of $90.86.

DXP Enterprises (NASDAQ:DXPE - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The industrial products company reported $1.43 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.39 by $0.04. DXP Enterprises had a net margin of 4.52% and a return on equity of 20.94%. The business had revenue of $498.68 million for the quarter, compared to analyst estimates of $499.00 million. Analysts forecast that DXP Enterprises, Inc. will post 4.07 EPS for the current fiscal year.

Hedge Funds Weigh In On DXP Enterprises

A number of hedge funds have recently modified their holdings of the company. Nomura Holdings Inc. boosted its position in shares of DXP Enterprises by 22.1% during the second quarter. Nomura Holdings Inc. now owns 86,578 shares of the industrial products company's stock worth $7,589,000 after acquiring an additional 15,691 shares during the last quarter. Public Sector Pension Investment Board increased its stake in DXP Enterprises by 7.4% in the 2nd quarter. Public Sector Pension Investment Board now owns 43,343 shares of the industrial products company's stock worth $3,799,000 after acquiring an additional 2,976 shares during the last quarter. CANADA LIFE ASSURANCE Co increased its stake in DXP Enterprises by 0.9% in the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 10,857 shares of the industrial products company's stock worth $950,000 after acquiring an additional 100 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in DXP Enterprises by 498.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,802 shares of the industrial products company's stock worth $158,000 after acquiring an additional 1,501 shares during the last quarter. Finally, Man Group plc bought a new stake in DXP Enterprises in the 2nd quarter worth approximately $429,000. 74.82% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Wall Street Zen cut shares of DXP Enterprises from a "buy" rating to a "hold" rating in a report on Friday, May 16th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $95.00.

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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