Paz Maestas Sells 2,000 Shares of DXP Enterprises, Inc. (NASDAQ:DXPE) Stock

DXP Enterprises, Inc. (NASDAQ:DXPE - Get Free Report) CMO Paz Maestas sold 2,000 shares of the company's stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $81.16, for a total value of $162,320.00. Following the sale, the chief marketing officer now owns 605,737 shares of the company's stock, valued at approximately $49,161,614.92. This trade represents a 0.33% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Paz Maestas also recently made the following trade(s):

• On Wednesday, June 18th, Paz Maestas sold 3,000 shares of DXP Enterprises stock. The stock was sold at an average price of $79.09, for a total value of $237,270.00.
• On Wednesday, May 21st, Paz Maestas sold 3,000 shares of DXP Enterprises stock. The stock was sold at an average price of $87.00, for a total value of $261,000.00.

DXP Enterprises Stock Up 3.8%

Shares of DXP Enterprises stock traded up $3.19 during trading on Tuesday, reaching $87.00. The company's stock had a trading volume of 137,313 shares, compared to its average volume of 151,878. The company has a quick ratio of 2.25, a current ratio of 2.70 and a debt-to-equity ratio of 1.40. The company has a market cap of $1.37 billion, a price-to-earnings ratio of 18.09 and a beta of 1.17. DXP Enterprises, Inc. has a 1-year low of $43.25 and a 1-year high of $107.06. The company has a 50-day simple moving average of $83.88 and a two-hundred day simple moving average of $86.75.

DXP Enterprises (NASDAQ:DXPE - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $1.26 EPS for the quarter, topping analysts' consensus estimates of $1.20 by $0.06. The company had revenue of $476.57 million during the quarter, compared to analysts' expectations of $477.00 million. DXP Enterprises had a return on equity of 20.41% and a net margin of 4.27%. As a group, equities analysts forecast that DXP Enterprises, Inc. will post 4.07 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Wall Street Zen lowered DXP Enterprises from a "buy" rating to a "hold" rating in a research note on Friday, May 16th. Stephens increased their price target on DXP Enterprises from $75.00 to $95.00 and gave the stock an "overweight" rating in a report on Monday, March 10th.

Hedge Funds Weigh In On DXP Enterprises

Institutional investors and hedge funds have recently modified their holdings of the business. SummerHaven Investment Management LLC lifted its holdings in DXP Enterprises by 0.8% in the first quarter. SummerHaven Investment Management LLC now owns 17,413 shares of the industrial products company's stock valued at $1,432,000 after acquiring an additional 142 shares during the last quarter. Algert Global LLC increased its position in shares of DXP Enterprises by 2.6% during the first quarter. Algert Global LLC now owns 11,255 shares of the industrial products company's stock worth $926,000 after acquiring an additional 280 shares during the period. CastleKnight Management LP increased its position in shares of DXP Enterprises by 0.3% during the fourth quarter. CastleKnight Management LP now owns 117,300 shares of the industrial products company's stock worth $9,691,000 after acquiring an additional 300 shares during the period. Sterling Capital Management LLC increased its position in shares of DXP Enterprises by 4.4% during the fourth quarter. Sterling Capital Management LLC now owns 7,656 shares of the industrial products company's stock worth $633,000 after acquiring an additional 326 shares during the period. Finally, Global Retirement Partners LLC increased its holdings in DXP Enterprises by 2,220.0% in the fourth quarter. Global Retirement Partners LLC now owns 348 shares of the industrial products company's stock valued at $29,000 after buying an additional 333 shares during 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).

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