DXP Enterprises, Inc. (NASDAQ:DXPE) CMO Paz Maestas Sells 4,000 Shares of Stock

DXP Enterprises, Inc. (NASDAQ:DXPE) CMO Paz Maestas sold 4,000 shares of the stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $48.14, for a total value of $192,560.00. Following the completion of the sale, the chief marketing officer now owns 621,867 shares of the company’s stock, valued at approximately $29,936,677.38. The sale was disclosed in a filing with the SEC, which is accessible through this link.

DXP Enterprises Trading Down 0.3 %

Shares of DXP Enterprises stock opened at $46.62 on Tuesday. The firm has a market cap of $742.66 million, a price-to-earnings ratio of 12.95 and a beta of 1.64. The business has a 50-day moving average price of $50.64 and a 200-day moving average price of $42.24. The company has a quick ratio of 2.22, a current ratio of 2.69 and a debt-to-equity ratio of 1.39. DXP Enterprises, Inc. has a twelve month low of $28.70 and a twelve month high of $57.38.

DXP Enterprises (NASDAQ:DXPE) last issued its quarterly earnings data on Wednesday, May 8th. The industrial products company reported $0.74 earnings per share for the quarter. The firm had revenue of $412.64 million during the quarter. DXP Enterprises had a return on equity of 17.93% and a net margin of 3.75%. Equities research analysts anticipate that DXP Enterprises, Inc. will post 3.16 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on DXPE shares. TheStreet upgraded DXP Enterprises from a “c+” rating to a “b-” rating in a research note on Thursday, March 14th. StockNews.com lowered DXP Enterprises from a “strong-buy” rating to a “buy” rating in a research note on Friday, May 10th.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. DekaBank Deutsche Girozentrale purchased a new position in DXP Enterprises in the third quarter worth about $32,000. Quest Partners LLC purchased a new position in DXP Enterprises in the fourth quarter worth about $80,000. Maryland State Retirement & Pension System purchased a new position in DXP Enterprises in the first quarter worth about $244,000. BOKF NA purchased a new position in DXP Enterprises in the first quarter worth about $269,000. Finally, Quantbot Technologies LP grew its position in DXP Enterprises by 110.5% in the first quarter. Quantbot Technologies LP now owns 5,222 shares of the industrial products company’s stock worth $281,000 after acquiring an additional 2,741 shares in the last quarter. Hedge funds and other institutional investors own 74.82% of the company’s stock.

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).