DXP Enterprises CFO Sells $2,156,115 in Stock (DXPE)
DXP Enterprises (NASDAQ:DXPE) CFO Hugh Mcconnell unloaded 19,500 shares of the company’s stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $110.57, for a total transaction of $2,156,115.00. Following the completion of the transaction, the chief financial officer now directly owns 181,270 shares in the company, valued at approximately $20,043,024. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
DXPE has been the subject of a number of recent research reports. Analysts at Ascendiant Capital Markets downgraded shares of DXP Enterprises from a “buy” rating to a “neutral” rating in a research note to investors on Friday, November 22nd.
Shares of DXP Enterprises (NASDAQ:DXPE) traded down 0.85% on Wednesday, hitting $108.94. 83,375 shares of the company’s stock traded hands. DXP Enterprises has a 52 week low of $49.90 and a 52 week high of $116.88. The stock’s 50-day moving average is $103.8 and its 200-day moving average is $82.. The company has a market cap of $1.549 billion and a P/E ratio of 29.21.
DXP Enterprises (NASDAQ:DXPE) last announced its earnings results on Wednesday, October 30th. The company reported $1.07 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.02 by $0.05. The company had revenue of $329.70 million for the quarter, compared to the consensus estimate of $322.11 million. During the same quarter in the prior year, the company posted $0.86 earnings per share. The company’s quarterly revenue was up 13.7% on a year-over-year basis. Analysts expect that DXP Enterprises will post $3.90 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.