Rezny Wealth Management Inc. Buys Shares of 17,588 DXP Enterprises, Inc. (NASDAQ:DXPE)

Key Points

• Rezny Wealth Management Inc. has made a new investment in DXP Enterprises, purchasing 17,588 shares valued at approximately $1.45 million, which represents 0.4% of its investment portfolio.
• A significant insider transaction occurred, with COO Nicholas Little selling 45,938 shares at an average price of $87.73, reducing his ownership by 5.35%.
• Analyst ratings for DXP Enterprises were recently downgraded from a "buy" to a "hold" by Wall Street Zen, reflecting changing market sentiments.

Rezny Wealth Management Inc. acquired a new stake in shares of DXP Enterprises, Inc. (NASDAQ:DXPE - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 17,588 shares of the industrial products company's stock, valued at approximately $1,447,000. DXP Enterprises makes up 0.4% of Rezny Wealth Management Inc.'s portfolio, making the stock its 27th largest position. Rezny Wealth Management Inc. owned about 0.11% of DXP Enterprises as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. CWM LLC lifted its stake in DXP Enterprises by 32.2% during the 1st quarter. CWM LLC now owns 1,487 shares of the industrial products company's stock valued at $122,000 after acquiring an additional 362 shares in the last quarter. Lazard Asset Management LLC bought a new stake in shares of DXP Enterprises during the 4th quarter worth $159,000. Hsbc Holdings PLC bought a new position in DXP Enterprises during the fourth quarter valued at about $208,000. Janney Montgomery Scott LLC purchased a new stake in DXP Enterprises during the first quarter worth about $210,000. Finally, Pictet Asset Management Holding SA bought a new stake in DXP Enterprises in the fourth quarter worth about $218,000. 74.82% of the stock is currently owned by institutional investors.

DXP Enterprises Stock Performance

DXPE stock traded up $5.73 during mid-day trading on Friday, hitting $110.01. The company had a trading volume of 248,339 shares, compared to its average volume of 266,191. The firm has a market cap of $1.73 billion, a PE ratio of 20.99 and a beta of 1.25. The company has a debt-to-equity ratio of 1.33, a quick ratio of 2.25 and a current ratio of 2.79. DXP Enterprises, Inc. has a 12 month low of $45.00 and a 12 month high of $115.00. The stock's fifty day moving average price is $92.98 and its two-hundred day moving average price is $89.79.

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

Wall Street Analysts Forecast Growth

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

Insider Transactions at DXP Enterprises

In related news, CMO Paz Maestas sold 2,000 shares of the business's stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $81.16, for a total value of $162,320.00. Following the sale, the chief marketing officer directly owned 605,737 shares in the company, valued at approximately $49,161,614.92. The trade was a 0.33% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Nicholas Little sold 45,938 shares of the business'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 completion of the sale, the chief operating officer owned 812,328 shares in the company, valued at $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. Insiders sold a total of 53,938 shares of company stock worth $4,690,731 over the last 90 days. 22.70% of the stock is currently owned by company insiders.

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).