Paz Maestas Sells 5,000 Shares of DXP Enterprises, Inc. (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 firm's stock in a transaction on Monday, August 18th. The shares were sold at an average price of $120.11, for a total transaction of $600,550.00. Following the completion of the sale, the chief marketing officer owned 600,737 shares in the company, valued at $72,154,521.07. The trade was a 0.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at 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 shares were 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 shares were 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 3.9%

Shares of DXPE traded up $4.56 during midday trading on Monday, reaching $121.52. The stock had a trading volume of 125,105 shares, compared to its average volume of 188,081. The company's fifty day simple moving average is $97.53 and its two-hundred day simple moving average is $90.38. DXP Enterprises, Inc. has a 1-year low of $45.81 and a 1-year high of $123.63. The company has a debt-to-equity ratio of 1.33, a current ratio of 2.79 and a quick ratio of 2.33. The company has a market cap of $1.91 billion, a price-to-earnings ratio of 23.19 and a beta of 1.25.

DXP Enterprises (NASDAQ:DXPE - Get Free Report) last announced its quarterly earnings results 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 firm had revenue of $498.68 million for the quarter, compared to analyst estimates of $499.00 million. Equities research analysts expect that DXP Enterprises, Inc. will post 4.07 earnings per share for the current year.

Institutional Investors Weigh In On DXP Enterprises

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC raised its stake in DXP Enterprises by 54.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 10,406 shares of the industrial products company's stock worth $856,000 after acquiring an additional 3,649 shares in the last quarter. Janney Montgomery Scott LLC acquired a new stake in DXP Enterprises during the 1st quarter worth $210,000. Illinois Municipal Retirement Fund raised its stake in DXP Enterprises by 8.1% during the 1st quarter. Illinois Municipal Retirement Fund now owns 6,777 shares of the industrial products company's stock worth $557,000 after acquiring an additional 508 shares in the last quarter. Informed Momentum Co LLC acquired a new stake in DXP Enterprises during the 1st quarter worth $1,731,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in DXP Enterprises by 14.9% during the 4th 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 worth $2,751,000 after acquiring an additional 4,321 shares in the last quarter. 74.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

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).

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