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

DXP Enterprises, Inc. (NASDAQ:DXPE) CMO Paz Maestas sold 4,000 shares of DXP Enterprises stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $48.14, for a total value of $192,560.00. Following the sale, the chief marketing officer now directly owns 621,867 shares in the company, valued at $29,936,677.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

DXP Enterprises Trading Up 0.8 %

Shares of DXPE stock opened at $46.97 on Wednesday. DXP Enterprises, Inc. has a 1-year low of $28.70 and a 1-year high of $57.38. The company has a current ratio of 2.69, a quick ratio of 2.22 and a debt-to-equity ratio of 1.39. The stock has a market cap of $748.23 million, a price-to-earnings ratio of 13.05 and a beta of 1.64. The stock has a 50-day moving average of $50.45 and a 200-day moving average of $42.36.

DXP Enterprises (NASDAQ:DXPE) last released its earnings results on Wednesday, May 8th. The industrial products company reported $0.74 earnings per share for the quarter. The business had revenue of $412.64 million during the quarter. DXP Enterprises had a net margin of 3.75% and a return on equity of 17.93%. On average, equities research analysts forecast that DXP Enterprises, Inc. will post 3.16 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. TheStreet upgraded shares of DXP Enterprises from a “c+” rating to a “b-” rating in a research report on Thursday, March 14th. StockNews.com cut shares of DXP Enterprises from a “strong-buy” rating to a “buy” rating in a research note on Friday, May 10th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. DekaBank Deutsche Girozentrale acquired a new position in DXP Enterprises in the third quarter valued at approximately $32,000. Quest Partners LLC bought a new position in DXP Enterprises during the fourth quarter worth $80,000. Allspring Global Investments Holdings LLC grew its holdings in DXP Enterprises by 36.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 6,380 shares of the industrial products company’s stock worth $215,000 after purchasing an additional 1,701 shares during the period. Louisiana State Employees Retirement System bought a new stake in DXP Enterprises in the fourth quarter valued at $222,000. Finally, Maryland State Retirement & Pension System acquired a new position in shares of DXP Enterprises during the first quarter valued at about $244,000. 74.82% of the stock is owned by institutional investors and hedge funds.

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).