DXP Enterprises Inc (NASDAQ:DXPE) insider Kent Nee Hung Yee sold 2,200 shares of the company’s stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $29.69, for a total transaction of $65,318.00. Following the completion of the sale, the insider now directly owns 40,984 shares of the company’s stock, valued at $1,216,814.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
DXP Enterprises Inc (NASDAQ:DXPE) opened at $33.10 on Friday. DXP Enterprises Inc has a one year low of $24.86 and a one year high of $42.00. The company has a current ratio of 2.51, a quick ratio of 1.79 and a debt-to-equity ratio of 0.91. The stock has a market cap of $575.68, a PE ratio of 33.78 and a beta of 2.65.
DXP Enterprises (NASDAQ:DXPE) last issued its quarterly earnings results on Thursday, November 2nd. The industrial products company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.06). DXP Enterprises had a return on equity of 6.87% and a net margin of 1.83%. The firm had revenue of $251.90 million for the quarter, compared to analyst estimates of $250.42 million. During the same quarter last year, the firm earned $0.02 earnings per share. The company’s revenue was up 9.5% compared to the same quarter last year. research analysts predict that DXP Enterprises Inc will post 0.67 EPS for the current year.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Frontier Capital Management Co. LLC grew its position in DXP Enterprises by 2.9% during the third quarter. Frontier Capital Management Co. LLC now owns 1,012,314 shares of the industrial products company’s stock worth $31,878,000 after buying an additional 28,887 shares during the period. Dimensional Fund Advisors LP grew its position in DXP Enterprises by 10.8% during the third quarter. Dimensional Fund Advisors LP now owns 921,040 shares of the industrial products company’s stock worth $29,004,000 after buying an additional 89,735 shares during the period. Vanguard Group Inc. grew its position in DXP Enterprises by 6.1% during the second quarter. Vanguard Group Inc. now owns 826,254 shares of the industrial products company’s stock worth $28,505,000 after buying an additional 47,508 shares during the period. American Century Companies Inc. grew its position in DXP Enterprises by 236.0% during the third quarter. American Century Companies Inc. now owns 560,641 shares of the industrial products company’s stock worth $17,655,000 after buying an additional 393,778 shares during the period. Finally, Penn Capital Management Co. Inc. grew its position in DXP Enterprises by 21.5% during the second quarter. Penn Capital Management Co. Inc. now owns 398,571 shares of the industrial products company’s stock worth $13,751,000 after buying an additional 70,619 shares during the period. Institutional investors own 74.25% of the company’s stock.
A number of brokerages have recently commented on DXPE. BidaskClub raised shares of DXP Enterprises from a “hold” rating to a “buy” rating in a report on Wednesday, January 3rd. Zacks Investment Research lowered shares of DXP Enterprises from a “buy” rating to a “hold” rating in a research note on Tuesday, September 26th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company. The stock currently 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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