Timothy Halter Sells 6,842 Shares of DXP Enterprises (NASDAQ:DXPE) Stock

DXP Enterprises, Inc. (NASDAQ:DXPE) Director Timothy Halter sold 6,842 shares of the stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $141.59, for a total value of $968,758.78. Following the transaction, the director owned 30,000 shares in the company, valued at $4,247,700. This represents a 18.57% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

DXP Enterprises Price Performance

DXPE stock traded up $2.51 during mid-day trading on Tuesday, reaching $146.71. 53,774 shares of the company’s stock were exchanged, compared to its average volume of 158,115. The company has a market cap of $2.28 billion, a price-to-earnings ratio of 27.42 and a beta of 1.07. The stock’s 50 day moving average is $149.20 and its 200 day moving average is $129.80. The company has a debt-to-equity ratio of 1.60, a current ratio of 2.98 and a quick ratio of 2.56. DXP Enterprises, Inc. has a 12-month low of $75.58 and a 12-month high of $183.91.

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

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. KBC Group NV purchased a new stake in shares of DXP Enterprises in the first quarter valued at about $51,000. EverSource Wealth Advisors LLC boosted its holdings in DXP Enterprises by 3,507.7% in 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 last quarter. TD Waterhouse Canada Inc. acquired a new position in DXP Enterprises in the 3rd quarter valued at about $58,000. Clearstead Advisors LLC increased its holdings in shares of DXP Enterprises by 164.5% during the 4th quarter. Clearstead Advisors LLC now owns 492 shares of the industrial products company’s stock worth $54,000 after buying an additional 306 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of DXP Enterprises by 35.4% during the 4th quarter. GAMMA Investing LLC now owns 860 shares of the industrial products company’s stock worth $94,000 after buying an additional 225 shares during the last quarter. Institutional investors and hedge funds own 74.82% of the company’s stock.

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.