Paz Maestas Sells 3,000 Shares of DXP Enterprises, Inc. (NASDAQ:DXPE) Stock

DXP Enterprises, Inc. (NASDAQ:DXPE) CMO Paz Maestas sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $87.00, for a total transaction of $261,000.00. Following the sale, the chief marketing officer now owns 610,737 shares in the company, valued at approximately $53,134,119. This trade represents a 0.49% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• On Wednesday, March 19th, Paz Maestas sold 4,328 shares of DXP Enterprises stock. The stock was sold at an average price of $89.04, for a total transaction of $385,365.12.

DXP Enterprises Stock Performance

NASDAQ:DXPE opened at $84.02 on Friday. The company has a quick ratio of 1.78, a current ratio of 2.22 and a debt-to-equity ratio of 1.29. The company has a market cap of $1.32 billion, a P/E ratio of 21.65 and a beta of 1.26. DXP Enterprises, Inc. has a fifty-two week low of $43.25 and a fifty-two week high of $107.06. The firm’s 50 day moving average is $84.06 and its two-hundred day moving average is $85.27.

DXP Enterprises (NASDAQ:DXPE) last issued its earnings results on Wednesday, May 7th. The industrial products company reported $1.26 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.06. DXP Enterprises had a net margin of 3.75% and a return on equity of 18.74%. The business had revenue of $476.57 million for the quarter, compared to the consensus estimate of $477.00 million. Analysts expect that DXP Enterprises, Inc. will post 4.07 EPS for the current year.

Hedge Funds Weigh In On DXP Enterprises

A number of hedge funds have recently made changes to their positions in DXPE. Longboard Asset Management LP purchased a new position in shares of DXP Enterprises in the 4th quarter valued at $216,000. Savant Capital LLC purchased a new position in shares of DXP Enterprises in the 4th quarter valued at $230,000. Avidian Wealth Enterprises LLC purchased a new position in shares of DXP Enterprises in the 4th quarter valued at $371,000. Principal Financial Group Inc. raised its stake in shares of DXP Enterprises by 3.6% in the 4th quarter. Principal Financial Group Inc. now owns 71,501 shares of the industrial products company’s stock valued at $5,907,000 after acquiring an additional 2,504 shares during the period. Finally, New York State Common Retirement Fund raised its stake in shares of DXP Enterprises by 75.4% in the 4th quarter. New York State Common Retirement Fund now owns 7,211 shares of the industrial products company’s stock valued at $596,000 after acquiring an additional 3,100 shares during the period. Hedge funds and other institutional investors own 74.82% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Wall Street Zen downgraded shares of DXP Enterprises from a “buy” rating to a “hold” rating in a research note on Friday, May 16th. Stephens increased their price target on shares of DXP Enterprises from $75.00 to $95.00 and gave the stock an “overweight” rating in a research note on Monday, March 10th.

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).