Insider Selling: DXP Enterprises Director Sells 2,000 Shares of Stock (DXPE)
DXP Enterprises (NASDAQ:DXPE) Director Cletus Davis sold 2,000 shares of DXP Enterprises stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $76.50, for a total value of $153,000.00. Following the completion of the transaction, the director now directly owns 19,946 shares of the company’s stock, valued at approximately $1,525,869. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Separately, analysts at Ascendiant Capital Markets downgraded shares of DXP Enterprises (NASDAQ:DXPE) from a “buy” rating to a “neutral” rating in a research note to investors on Friday, July 26th.
DXP Enterprises (NASDAQ:DXPE) traded up 0.18% on Monday, hitting $76.50. The stock had a trading volume of 31,592 shares. DXP Enterprises has a 1-year low of $42.11 and a 1-year high of $76.91. The stock’s 50-day moving average is $70.53 and its 200-day moving average is $67.62. The company has a market cap of $1.087 billion and a price-to-earnings ratio of 21.51.
DXP Enterprises (NASDAQ:DXPE) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.90 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.89 by $0.01. The company had revenue of $307.90 million for the quarter, compared to the consensus estimate of $310.14 million. During the same quarter in the prior year, the company posted $0.80 earnings per share. The company’s quarterly revenue was up 17.6% on a year-over-year basis. Analysts expect that DXP Enterprises will post $3.83 EPS for the current fiscal year.
DXP Enterprises, Inc (NASDAQ:DXPE) is engaged in the business of distributing maintenance, repair and operating (MRO) products, equipment and service to industrial customers.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.