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

DXP Enterprises, Inc. (NASDAQ:DXPE) CMO Paz Maestas sold 3,000 shares of the company’s stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $79.09, for a total transaction of $237,270.00. Following the transaction, the chief marketing officer now directly owns 607,737 shares of the company’s stock, valued at approximately $48,065,919.33. This trade represents a 0.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

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

• 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 Price Performance

DXPE stock opened at $81.90 on Friday. DXP Enterprises, Inc. has a 1 year low of $43.25 and a 1 year high of $107.06. The company has a market cap of $1.29 billion, a P/E ratio of 17.03 and a beta of 1.17. The firm has a 50-day moving average of $83.74 and a 200 day moving average of $86.48. The company has a debt-to-equity ratio of 1.40, a current ratio of 2.70 and a quick ratio of 2.25.

DXP Enterprises (NASDAQ:DXPE) last released its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $1.26 earnings per share (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 the consensus estimate of $477.00 million. DXP Enterprises had a net margin of 4.27% and a return on equity of 20.41%. On average, sell-side analysts forecast that DXP Enterprises, Inc. will post 4.07 EPS for the current year.

Hedge Funds Weigh In On DXP Enterprises

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Wellington Management Group LLP increased its stake in shares of 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 in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of DXP Enterprises by 5.7% during the fourth 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 purchasing an additional 38,900 shares in the last quarter. Invesco Ltd. increased its stake in shares of DXP Enterprises by 22.6% during the first quarter. Invesco Ltd. now owns 280,430 shares of the industrial products company’s stock valued at $23,068,000 after purchasing an additional 51,664 shares in the last quarter. Northern Trust Corp increased its stake in shares of DXP Enterprises by 10.2% during the fourth quarter. Northern Trust Corp now owns 228,940 shares of the industrial products company’s stock valued at $18,915,000 after purchasing an additional 21,220 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its stake in shares of DXP Enterprises by 2,589.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 149,349 shares of the industrial products company’s stock valued at $12,339,000 after purchasing an additional 143,795 shares in the last quarter. Institutional investors own 74.82% of the company’s stock.

Analysts Set New Price Targets

DXPE has been the subject of a number of research reports. 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).