DXP Enterprises Inc (NASDAQ:DXPE) VP Todd Hamlin sold 2,500 shares of the company’s stock in a transaction dated Saturday, December 29th. The shares were sold at an average price of $29.68, for a total transaction of $74,200.00. Following the completion of the transaction, the vice president now owns 23,446 shares in the company, valued at approximately $695,877.28. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Todd Hamlin also recently made the following trade(s):
- On Friday, December 29th, Todd Hamlin sold 2,500 shares of DXP Enterprises stock. The shares were sold at an average price of $29.68, for a total transaction of $74,200.00.
Shares of DXP Enterprises Inc (NASDAQ:DXPE) opened at $33.10 on Friday. The company has a quick ratio of 1.79, a current ratio of 2.51 and a debt-to-equity ratio of 0.91. The stock has a market cap of $566.45, a PE ratio of 33.78 and a beta of 2.65. DXP Enterprises Inc has a twelve month low of $24.86 and a twelve month high of $42.00.
DXP Enterprises (NASDAQ:DXPE) last posted its quarterly earnings data on Thursday, November 2nd. The industrial products company reported $0.16 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.22 by ($0.06). The business had revenue of $251.90 million during the quarter, compared to the consensus estimate of $250.42 million. DXP Enterprises had a net margin of 1.83% and a return on equity of 6.87%. The business’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.02 EPS. equities research analysts expect that DXP Enterprises Inc will post 0.67 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Oppenheimer Asset Management Inc. lifted its holdings in shares of DXP Enterprises by 8.1% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 2,915 shares of the industrial products company’s stock worth $101,000 after acquiring an additional 219 shares during the period. Municipal Employees Retirement System of Michigan lifted its holdings in shares of DXP Enterprises by 3.1% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 3,640 shares of the industrial products company’s stock worth $126,000 after acquiring an additional 110 shares during the period. Hillsdale Investment Management Inc. bought a new stake in shares of DXP Enterprises during the 2nd quarter worth approximately $152,000. BNP Paribas Arbitrage SA lifted its holdings in shares of DXP Enterprises by 63.1% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 5,688 shares of the industrial products company’s stock worth $196,000 after acquiring an additional 2,201 shares during the period. Finally, Voya Investment Management LLC bought a new stake in shares of DXP Enterprises during the 2nd quarter worth approximately $243,000. 74.25% of the stock is owned by hedge funds and other institutional investors.
A number of analysts have issued reports on DXPE shares. BidaskClub raised shares of DXP Enterprises from a “hold” rating to a “buy” rating in a report on Wednesday, January 3rd. Zacks Investment Research downgraded shares of DXP Enterprises from a “buy” rating to a “hold” rating in a report on Tuesday, September 26th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $42.00.
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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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