DXP Enterprises Inc (NASDAQ:DXPE) VP Todd Hamlin sold 2,500 shares of the business’s stock in a transaction dated Saturday, December 29th. The stock was sold at an average price of $29.68, for a total value of $74,200.00. Following the transaction, the vice president now owns 23,446 shares of the company’s stock, valued at $695,877.28. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
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 value of $74,200.00.
DXP Enterprises Inc (NASDAQ:DXPE) traded down $0.52 during trading hours on Friday, hitting $34.48. The company’s stock had a trading volume of 114,119 shares, compared to its average volume of 86,372. The firm has a market cap of $608.71, a price-to-earnings ratio of 35.18 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. The company has a debt-to-equity ratio of 0.91, a current ratio of 2.51 and a quick ratio of 1.79.
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 company had revenue of $251.90 million for the quarter, compared to analyst estimates of $250.42 million. DXP Enterprises had a return on equity of 4.55% and a net margin of 1.16%. The firm’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same period last year, the firm earned $0.02 EPS. equities research analysts forecast that DXP Enterprises Inc will post 0.67 EPS for the current year.
Several hedge funds have recently bought and sold shares of DXPE. Oppenheimer Asset Management Inc. increased 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 last quarter. Municipal Employees Retirement System of Michigan grew its holdings in DXP Enterprises by 3.1% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 3,640 shares of the industrial products company’s stock valued at $126,000 after buying an additional 110 shares in the last quarter. Hillsdale Investment Management Inc. acquired a new position in DXP Enterprises in the 2nd quarter valued at $152,000. BNP Paribas Arbitrage SA grew its holdings in DXP Enterprises by 63.1% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 5,688 shares of the industrial products company’s stock valued at $196,000 after buying an additional 2,201 shares in the last quarter. Finally, Voya Investment Management LLC acquired a new position in DXP Enterprises in the 2nd quarter valued at $243,000. 74.25% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts have recently weighed in on the company. BidaskClub upgraded DXP Enterprises from a “buy” rating to a “strong-buy” rating in a report on Friday. Zacks Investment Research upgraded DXP Enterprises from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 23rd. Two research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. DXP Enterprises has an average rating of “Buy” and an average price target of $42.00.
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DXP Enterprises Company Profile
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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