DXP Enterprises Inc (DXPE) CEO David R. Little Sells 13,500 Shares of Stock
DXP Enterprises Inc (NASDAQ:DXPE) CEO David R. Little sold 13,500 shares of the stock in a transaction on Thursday, December 27th. The shares were sold at an average price of $29.50, for a total transaction of $398,250.00. Following the transaction, the chief executive officer now directly owns 1,368,214 shares in the company, valued at $40,362,313. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
DXP Enterprises Inc (NASDAQ:DXPE) opened at $29.57 on Tuesday. The company has a debt-to-equity ratio of 0.91, a current ratio of 2.51 and a quick ratio of 1.79. The firm has a market cap of $514.28, a PE ratio of 30.17 and a beta of 2.65. DXP Enterprises Inc has a 52 week low of $24.86 and a 52 week high of $42.00.
DXP Enterprises (NASDAQ:DXPE) last posted its quarterly earnings results on Thursday, November 2nd. The industrial products company reported $0.16 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by ($0.06). The business had revenue of $251.90 million during the quarter, compared to analysts’ expectations of $250.42 million. DXP Enterprises had a return on equity of 6.87% and a net margin of 1.83%. The business’s quarterly revenue was up 9.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.02 earnings per share. research analysts anticipate that DXP Enterprises Inc will post 0.67 EPS for the current year.
Separately, Zacks Investment Research downgraded shares of DXP Enterprises from a “buy” rating to a “hold” rating in a report on Tuesday, September 26th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $42.00.
Several large investors have recently bought and sold shares of DXPE. Oppenheimer Asset Management Inc. lifted its stake in shares of DXP Enterprises by 8.1% in the second quarter. Oppenheimer Asset Management Inc. now owns 2,915 shares of the industrial products company’s stock worth $101,000 after buying an additional 219 shares in the last quarter. Municipal Employees Retirement System of Michigan lifted its stake in shares of DXP Enterprises by 3.1% in the second quarter. Municipal Employees Retirement System of Michigan now owns 3,640 shares of the industrial products company’s stock worth $126,000 after buying an additional 110 shares in the last quarter. Hillsdale Investment Management Inc. purchased a new position in shares of DXP Enterprises in the second quarter worth about $152,000. BNP Paribas Arbitrage SA lifted its stake in shares of DXP Enterprises by 63.1% in the second quarter. BNP Paribas Arbitrage SA now owns 5,688 shares of the industrial products company’s stock worth $196,000 after buying an additional 2,201 shares in the last quarter. Finally, Voya Investment Management LLC purchased a new position in shares of DXP Enterprises in the second quarter worth about $243,000. 74.25% of the stock is currently owned by hedge funds and other institutional investors.
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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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