DXP Enterprises Inc. (DXPE) SVP John Jay Jeffery Sells 1,000 Shares
DXP Enterprises Inc. (NASDAQ:DXPE) SVP John Jay Jeffery sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, September 30th. The stock was sold at an average price of $28.07, for a total value of $28,070.00. Following the sale, the senior vice president now owns 14,221 shares of the company’s stock, valued at $399,183.47. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
John Jay Jeffery also recently made the following trade(s):
- On Tuesday, August 16th, John Jay Jeffery sold 1,000 shares of DXP Enterprises stock. The stock was sold at an average price of $29.80, for a total value of $29,800.00.
Shares of DXP Enterprises Inc. (NASDAQ:DXPE) opened at 28.95 on Wednesday. The stock’s market capitalization is $419.86 million. DXP Enterprises Inc. has a 52-week low of $12.67 and a 52-week high of $34.49. The stock has a 50 day moving average price of $27.65 and a 200-day moving average price of $19.94.
DXP Enterprises (NASDAQ:DXPE) last posted its earnings results on Tuesday, August 9th. The company reported $0.34 EPS for the quarter, topping the consensus estimate of ($0.05) by $0.39. DXP Enterprises had a negative net margin of 5.07% and a positive return on equity of 6.74%. The firm earned $256.22 million during the quarter, compared to analysts’ expectations of $250.65 million. During the same quarter in the prior year, the firm earned $0.47 EPS. DXP Enterprises’s quarterly revenue was down 20.8% on a year-over-year basis. On average, equities research analysts predict that DXP Enterprises Inc. will post $0.26 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently bought and sold shares of DXPE. Van Berkom & Associates Inc. boosted its position in DXP Enterprises by 10.5% in the second quarter. Van Berkom & Associates Inc. now owns 1,152,838 shares of the company’s stock valued at $17,212,000 after buying an additional 109,583 shares during the period. GMT Capital Corp purchased a new position in DXP Enterprises during the second quarter valued at approximately $16,813,000. BlackRock Fund Advisors boosted its position in DXP Enterprises by 6.1% in the second quarter. BlackRock Fund Advisors now owns 867,803 shares of the company’s stock valued at $12,956,000 after buying an additional 49,780 shares during the period. Frontier Capital Management Co. LLC purchased a new position in DXP Enterprises during the second quarter valued at approximately $12,767,000. Finally, JPMorgan Chase & Co. boosted its position in DXP Enterprises by 16.3% in the first quarter. JPMorgan Chase & Co. now owns 575,820 shares of the company’s stock valued at $10,111,000 after buying an additional 80,909 shares during the period. Hedge funds and other institutional investors own 81.25% of the company’s stock.
Several research firms have commented on DXPE. Stephens set a $45.00 price objective on DXP Enterprises and gave the stock a “buy” rating in a research note on Sunday, August 21st. Zacks Investment Research upgraded DXP Enterprises from a “strong sell” rating to a “hold” rating in a research note on Friday, July 15th.
About DXP Enterprises
DXP Enterprises, Inc (DXP) is engaged in the business of distributing maintenance, repair and operating (MRO) products, equipment and service to industrial customers. The Company operates through three segments: Service Centers, Supply Chain Services and Innovative Pumping Solutions. The Service Centers segment provides MRO products, equipment and services, including technical expertise and logistics capabilities to industrial customers.
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