Paz Maestas Sells 5,000 Shares of DXP Enterprises, Inc. (NASDAQ:DXPE) Stock
DXP Enterprises, Inc. (NASDAQ:DXPE – Get Free Report) CMO Paz Maestas sold 5,000 shares of the stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of $33.74, for a total transaction of $168,700.00. Following the sale, the chief marketing officer now owns 631,723 shares in the company, valued at approximately $21,314,334.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
DXP Enterprises Stock Performance
NASDAQ:DXPE traded up $0.14 during mid-day trading on Thursday, hitting $33.90. 19,427 shares of the company traded hands, compared to its average volume of 90,096. The stock’s fifty day moving average price is $32.12 and its 200-day moving average price is $34.59. DXP Enterprises, Inc. has a one year low of $22.06 and a one year high of $39.89. The company has a quick ratio of 1.86, a current ratio of 2.33 and a debt-to-equity ratio of 1.12. The firm has a market cap of $548.37 million, a price-to-earnings ratio of 10.24 and a beta of 1.72.
DXP Enterprises (NASDAQ:DXPE – Get Free Report) last released its quarterly earnings data on Wednesday, November 8th. The industrial products company reported $0.93 earnings per share for the quarter. DXP Enterprises had a return on equity of 16.97% and a net margin of 3.57%. The firm had revenue of $419.25 million during the quarter. Research analysts anticipate that DXP Enterprises, Inc. will post 3.32 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Separately, StockNews.com upgraded shares of DXP Enterprises from a “buy” rating to a “strong-buy” rating in a research report on Thursday, December 14th.
Read Our Latest Stock Analysis on DXP Enterprises
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of the company. Boston Partners bought a new position in shares of DXP Enterprises in the 2nd quarter worth $3,930,000. Goldman Sachs Group Inc. increased its holdings in DXP Enterprises by 35.4% in the 2nd quarter. Goldman Sachs Group Inc. now owns 337,033 shares of the industrial products company’s stock worth $10,323,000 after buying an additional 88,103 shares during the period. Dimensional Fund Advisors LP increased its holdings in DXP Enterprises by 8.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,057,489 shares of the industrial products company’s stock worth $38,504,000 after buying an additional 82,527 shares during the period. Medina Value Partners LLC grew its stake in shares of DXP Enterprises by 25.3% during the 4th quarter. Medina Value Partners LLC now owns 361,589 shares of the industrial products company’s stock worth $9,962,000 after purchasing an additional 73,037 shares during the period. Finally, Los Angeles Capital Management LLC acquired a new stake in shares of DXP Enterprises during the 2nd quarter worth approximately $2,427,000. 69.09% of the stock is currently owned by hedge funds and other institutional investors.
DXP Enterprises Company Profile (Get Free Report)
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).
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Original: MarketBeat News Feed: Paz Maestas Sells 5,000 Shares of DXP Enterprises, Inc. (NASDAQ:DXPE) Stock