DXP Enterprises, Inc. (NASDAQ:DXPE) CMO Sells $162,320.00 in Stock

DXP Enterprises, Inc. (NASDAQ:DXPE - Get Free Report) CMO Paz Maestas sold 2,000 shares of the 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 completion of the sale, the chief marketing officer now owns 605,737 shares of the company's stock, valued at $49,161,614.92. The trade was a 0.33% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 transaction of $237,270.00.
• On Wednesday, May 21st, Paz Maestas sold 3,000 shares of DXP Enterprises stock. The shares were sold at an average price of $87.00, for a total transaction of $261,000.00.

DXP Enterprises Stock Up 3.1%

Shares of DXPE traded up $2.63 during mid-day trading on Friday, hitting $88.37. 103,574 shares of the company's stock were exchanged, compared to its average volume of 152,117. The stock has a market cap of $1.39 billion, a price-to-earnings ratio of 18.37 and a beta of 1.17. The firm has a fifty day moving average of $84.09 and a two-hundred day moving average of $86.73. The company has a quick ratio of 2.25, a current ratio of 2.70 and a debt-to-equity ratio of 1.40. DXP Enterprises, Inc. has a twelve month low of $43.25 and a twelve month high of $107.06.

DXP Enterprises (NASDAQ:DXPE - Get Free Report) last posted its earnings results on Wednesday, May 7th. The industrial products company reported $1.26 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.06. The company had revenue of $476.57 million for the quarter, compared to analyst estimates of $477.00 million. DXP Enterprises had a return on equity of 20.41% and a net margin of 4.27%. On average, sell-side analysts forecast that DXP Enterprises, Inc. will post 4.07 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in DXPE. Wellington Management Group LLP grew its holdings in DXP Enterprises by 13.3% during the first quarter. Wellington Management Group LLP now owns 931,004 shares of the industrial products company's stock valued at $76,584,000 after purchasing an additional 109,151 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in DXP Enterprises by 5.7% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 720,320 shares of the industrial products company's stock valued at $59,513,000 after buying an additional 38,900 shares during the last quarter. Invesco Ltd. raised its holdings in DXP Enterprises by 22.6% in the 1st quarter. Invesco Ltd. now owns 280,430 shares of the industrial products company's stock worth $23,068,000 after acquiring an additional 51,664 shares during the period. Northern Trust Corp raised its holdings in DXP Enterprises by 10.2% in the 4th quarter. Northern Trust Corp now owns 228,940 shares of the industrial products company's stock worth $18,915,000 after acquiring an additional 21,220 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its position in DXP Enterprises by 2,589.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 149,349 shares of the industrial products company's stock worth $12,339,000 after acquiring an additional 143,795 shares during the last quarter. 74.82% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

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).