Insider Buying: DXP Enterprises, Inc. (NASDAQ:DXPE) CEO Purchases 5,999 Shares of Stock

DXP Enterprises, Inc. (NASDAQ:DXPE) CEO David R. Little bought 5,999 shares of the stock in a transaction dated Wednesday, March 26th. The shares were acquired at an average price of $82.70 per share, with a total value of $496,117.30. Following the completion of the purchase, the chief executive officer now directly owns 1,257,593 shares of the company’s stock, valued at approximately $104,002,941.10. This represents a 0.48 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

DXP Enterprises Stock Down 3.2 %

Shares of DXP Enterprises stock traded down $2.78 during trading on Thursday, reaching $82.93. The company had a trading volume of 82,747 shares, compared to its average volume of 153,062. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.78 and a current ratio of 2.22. DXP Enterprises, Inc. has a fifty-two week low of $43.25 and a fifty-two week high of $107.06. The firm’s fifty day moving average is $93.95 and its 200-day moving average is $75.77. The company has a market cap of $1.30 billion, a price-to-earnings ratio of 21.37 and a beta of 1.66.

DXP Enterprises (NASDAQ:DXPE) last released its earnings results on Thursday, March 6th. The industrial products company reported $1.38 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.49. DXP Enterprises had a return on equity of 18.74% and a net margin of 3.75%. The company had revenue of $470.91 million for the quarter, compared to the consensus estimate of $447.00 million. On average, analysts anticipate that DXP Enterprises, Inc. will post 4.07 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on DXPE shares. StockNews.com lowered DXP Enterprises from a “buy” rating to a “hold” rating in a research note on Tuesday. Stephens raised their price target on shares of DXP Enterprises from $75.00 to $95.00 and gave the stock an “overweight” rating in a research report on Monday, March 10th.

Institutional Trading of DXP Enterprises

A number of institutional investors and hedge funds have recently modified their holdings of the business. Principal Financial Group Inc. grew its position in shares of DXP Enterprises by 0.3% during the 3rd quarter. Principal Financial Group Inc. now owns 68,997 shares of the industrial products company’s stock valued at $3,682,000 after buying an additional 178 shares during the last quarter. CastleKnight Management LP grew its holdings in shares of DXP Enterprises by 0.3% during the fourth quarter. CastleKnight Management LP now owns 117,300 shares of the industrial products company’s stock valued at $9,691,000 after purchasing an additional 300 shares during the last quarter. Sterling Capital Management LLC grew its holdings in shares of DXP Enterprises by 4.4% during the fourth quarter. Sterling Capital Management LLC now owns 7,656 shares of the industrial products company’s stock valued at $633,000 after purchasing an additional 326 shares during the last quarter. Global Retirement Partners LLC raised its position in shares of DXP Enterprises by 2,220.0% during the 4th quarter. Global Retirement Partners LLC now owns 348 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 333 shares during the period. Finally, Federated Hermes Inc. lifted its holdings in shares of DXP Enterprises by 4.7% in the 4th quarter. Federated Hermes Inc. now owns 11,220 shares of the industrial products company’s stock worth $927,000 after purchasing an additional 502 shares during the last quarter. 74.82% of the stock is owned by institutional investors and hedge funds.

About DXP Enterprises

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).