DXP Enterprises (NASDAQ:DXPE) Director Sells $968,758.78 in Stock

DXP Enterprises, Inc. (NASDAQ:DXPE) Director Timothy Halter sold 6,842 shares of the company’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $141.59, for a total transaction of $968,758.78. Following the transaction, the director owned 30,000 shares in the company, valued at approximately $4,247,700. This trade represents a 18.57% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

DXP Enterprises Stock Down 0.5%

Shares of NASDAQ DXPE opened at $148.93 on Friday. DXP Enterprises, Inc. has a 12-month low of $75.58 and a 12-month high of $183.91. The company has a quick ratio of 2.56, a current ratio of 2.98 and a debt-to-equity ratio of 1.60. The firm’s 50-day simple moving average is $150.22 and its 200 day simple moving average is $130.67. The company has a market cap of $2.31 billion, a price-to-earnings ratio of 27.84 and a beta of 1.07.

DXP Enterprises (NASDAQ:DXPE) last released its quarterly earnings results on Thursday, May 7th. The industrial products company reported $1.26 EPS for the quarter, missing the consensus estimate of $1.38 by ($0.12). DXP Enterprises had a net margin of 4.27% and a return on equity of 18.16%. The company had revenue of $521.66 million for the quarter, compared to the consensus estimate of $531.00 million. On average, research analysts expect that DXP Enterprises, Inc. will post 6.2 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of DXP Enterprises in a research note on Friday, May 22nd. Loop Capital set a $154.00 target price on shares of DXP Enterprises in a research report on Monday, March 2nd. Freedom Capital downgraded shares of DXP Enterprises from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 11th. Zacks Research downgraded shares of DXP Enterprises from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 11th. Finally, Wall Street Zen upgraded shares of DXP Enterprises from a “hold” rating to a “buy” rating in a research report on Sunday, May 24th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $154.00.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC lifted its position in 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 valued at $41,000 after purchasing an additional 456 shares during the period. KBC Group NV acquired a new position in DXP Enterprises during the 1st quarter valued at about $51,000. Clearstead Advisors LLC raised its position in shares of DXP Enterprises by 164.5% in the 4th quarter. Clearstead Advisors LLC now owns 492 shares of the industrial products company’s stock valued at $54,000 after acquiring an additional 306 shares during the period. TD Waterhouse Canada Inc. acquired a new stake in shares of DXP Enterprises in the 3rd quarter valued at approximately $58,000. Finally, GAMMA Investing LLC raised its position in shares of DXP Enterprises by 35.4% in the 4th quarter. GAMMA Investing LLC now owns 860 shares of the industrial products company’s stock valued at $94,000 after acquiring an additional 225 shares during the period. 74.82% of the stock is currently owned by institutional investors and hedge funds.

DXP Enterprises Company Profile

DXP Enterprises, Inc is a Houston, Texas–based industrial products and services distributor serving customers across North America. The company provides a broad portfolio of maintenance, repair and operations (MRO) supplies, including fluid power components, safety products, mechanical power transmission parts, and instrumentation. DXP’s product offering spans well-recognized private brands as well as equipment and parts from leading global manufacturers, enabling clients in energy, heavy industrial and manufacturing sectors to source critical components from a single supplier.

Through its network of service centers and specialized repair facilities, DXP delivers inventory management programs, turnkey fluid power rebuilds and custom assembly solutions.