Paz Maestas Sells 5,000 Shares of DXP Enterprises (NASDAQ:DXPE) Stock

Key Points

• Paz Maestas, the Chief Marketing Officer of DXP Enterprises, sold 5,000 shares of the company's stock for a total of $600,550 on August 18th, reducing his ownership by 0.83%.
• As of the latest trading session, shares of DXP Enterprises have increased by 3.9%, reaching a price of $121.52, with a market capitalization of $1.91 billion.
• DXP Enterprises reported an EPS of $1.43 in its recent quarterly earnings, exceeding analyst expectations by $0.04, despite revenue slightly falling short at $498.68 million.

DXP Enterprises, Inc. (NASDAQ:DXPE - Get Free Report) CMO Paz Maestas sold 5,000 shares of the company's stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $120.11, for a total transaction of $600,550.00. Following the completion of the transaction, the chief marketing officer owned 600,737 shares in the company, valued at approximately $72,154,521.07. This represents a 0.83% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• On Tuesday, June 24th, Paz Maestas sold 2,000 shares of DXP Enterprises stock. The stock was sold at an average price of $81.16, for a total transaction of $162,320.00.
• 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 stock was sold at an average price of $87.00, for a total transaction of $261,000.00.

DXP Enterprises Stock Up 7.5%

Shares of NASDAQ DXPE traded up $8.70 during midday trading on Friday, hitting $124.89. The stock had a trading volume of 255,595 shares, compared to its average volume of 190,967. The business's 50 day moving average is $100.65 and its 200-day moving average is $90.95. The company has a market cap of $1.96 billion, a P/E ratio of 23.83 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 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 issued its earnings results on Wednesday, August 6th. The industrial products company reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.04. The firm had revenue of $498.68 million for the quarter, compared to the consensus estimate of $499.00 million. DXP Enterprises had a net margin of 4.52% and a return on equity of 20.94%. As a group, analysts predict that DXP Enterprises, Inc. will post 4.07 EPS for the current year.

Analyst Ratings Changes

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 analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $95.00.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. EverSource Wealth Advisors LLC boosted its stake in shares of DXP Enterprises by 3,507.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 469 shares of the industrial products company's stock worth $41,000 after acquiring an additional 456 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of DXP Enterprises by 24.3% during the 2nd quarter. GAMMA Investing LLC now owns 634 shares of the industrial products company's stock worth $56,000 after acquiring an additional 124 shares during the last quarter. CWM LLC boosted its stake in shares of DXP Enterprises by 32.2% during the 1st quarter. CWM LLC now owns 1,487 shares of the industrial products company's stock worth $122,000 after acquiring an additional 362 shares during the last quarter. Tower Research Capital LLC TRC raised its position in shares of DXP Enterprises by 498.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,802 shares of the industrial products company's stock valued at $158,000 after purchasing an additional 1,501 shares during the period. Finally, Lazard Asset Management LLC bought a new stake in shares of DXP Enterprises during the 4th quarter valued at $159,000. Hedge funds and other institutional investors own 74.82% of the company's stock.

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).