Karen Hoffman Sells 2,399 Shares of DXP Enterprises (NASDAQ:DXPE) Stock

Key Points

• Karen Hoffman, a director at DXP Enterprises, sold 2,399 shares of stock for a total of $299,875, which represents a 33.38% reduction in their ownership position, leaving her with 4,787 shares valued at $598,375.
• DXP Enterprises reported a quarterly EPS of $1.43, exceeding analysts' expectations, while revenue for the quarter was $498.68 million, slightly below estimates.
• Institutional investors hold 74.82% of DXP Enterprises, with notable increases in positions from firms like Allspring Global Investments and UBS Asset Management.

DXP Enterprises, Inc. (NASDAQ:DXPE - Get Free Report) Director Karen Hoffman sold 2,399 shares of the business's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $125.00, for a total value of $299,875.00. Following the completion of the transaction, the director owned 4,787 shares in the company, valued at $598,375. This trade represents a 33.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

DXP Enterprises Stock Performance

NASDAQ:DXPE traded down $0.54 during midday trading 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 P/E ratio of 23.73 and a beta of 1.25. DXP Enterprises, Inc. has a 12-month low of $45.81 and a 12-month high of $126.60. The firm has a fifty day simple moving average of $100.65 and a two-hundred day simple moving average of $90.86. The company has a quick ratio of 2.33, a current ratio of 2.79 and a debt-to-equity ratio of 1.33.

DXP Enterprises (NASDAQ:DXPE - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The industrial products company reported $1.43 EPS for the quarter, topping the consensus estimate 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. On average, equities analysts expect that DXP Enterprises, Inc. will post 4.07 EPS for the current year.

Institutional Trading of DXP Enterprises

Large investors have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC grew its position in DXP Enterprises by 54.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 10,406 shares of the industrial products company's stock valued at $856,000 after acquiring an additional 3,649 shares in the last quarter. Janney Montgomery Scott LLC acquired a new stake in DXP Enterprises in the first quarter valued at approximately $210,000. Informed Momentum Co LLC acquired a new stake in DXP Enterprises in the first quarter valued at approximately $1,731,000. Illinois Municipal Retirement Fund grew its position in DXP Enterprises by 8.1% in the first quarter. Illinois Municipal Retirement Fund now owns 6,777 shares of the industrial products company's stock valued at $557,000 after acquiring an additional 508 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in DXP Enterprises by 14.9% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 33,293 shares of the industrial products company's stock valued at $2,751,000 after acquiring an additional 4,321 shares in the last quarter. Institutional investors and hedge funds own 74.82% of the company's stock.

Wall Street Analyst Weigh In

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

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).

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