Insider Selling: DXP Enterprises Inc (DXPE) VP Sells 2,500 Shares of Stock

DXP Enterprises Inc (NASDAQ:DXPE) VP Todd Hamlin sold 2,500 shares of the firm’s stock in a transaction on Saturday, December 29th. The stock was sold at an average price of $29.68, for a total transaction of $74,200.00. Following the transaction, the vice president now directly owns 23,446 shares of the company’s stock, valued at $695,877.28. The sale was disclosed in a document filed with the SEC, which is available through this link.

Todd Hamlin also recently made the following trade(s):

  • On Friday, December 29th, Todd Hamlin sold 2,500 shares of DXP Enterprises stock. The stock was sold at an average price of $29.68, for a total transaction of $74,200.00.

DXP Enterprises Inc (DXPE) traded down $1.00 during midday trading on Thursday, hitting $29.00. 86,800 shares of the stock traded hands, compared to its average volume of 91,050. DXP Enterprises Inc has a 1-year low of $24.86 and a 1-year high of $42.00. The company has a debt-to-equity ratio of 0.91, a current ratio of 2.51 and a quick ratio of 1.79. The firm has a market cap of $521.76, a price-to-earnings ratio of 29.59 and a beta of 2.65.

DXP Enterprises (NASDAQ:DXPE) last posted its quarterly earnings results on Thursday, November 2nd. The industrial products company reported $0.16 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by ($0.06). DXP Enterprises had a net margin of 1.83% and a return on equity of 6.87%. The business had revenue of $251.90 million during the quarter, compared to analyst estimates of $250.42 million. During the same period last year, the firm posted $0.02 earnings per share. The company’s quarterly revenue was up 9.5% on a year-over-year basis. equities research analysts expect that DXP Enterprises Inc will post 0.67 earnings per share for the current year.

Several research analysts have weighed in on DXPE shares. BidaskClub raised shares of DXP Enterprises from a “hold” rating to a “buy” rating in a report on Wednesday. Zacks Investment Research lowered shares of DXP Enterprises from a “buy” rating to a “hold” rating in a report on Tuesday, September 26th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the stock. DXP Enterprises has an average rating of “Hold” and an average price target of $42.00.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of DXP Enterprises by 6.1% in the 2nd quarter. Vanguard Group Inc. now owns 826,254 shares of the industrial products company’s stock valued at $28,505,000 after buying an additional 47,508 shares during the period. Hancock Holding Co. boosted its stake in DXP Enterprises by 7.7% during the 2nd quarter. Hancock Holding Co. now owns 306,441 shares of the industrial products company’s stock valued at $10,572,000 after purchasing an additional 22,017 shares during the period. State Street Corp boosted its stake in DXP Enterprises by 7.2% during the 2nd quarter. State Street Corp now owns 361,462 shares of the industrial products company’s stock valued at $12,471,000 after purchasing an additional 24,399 shares during the period. Federated Investors Inc. PA boosted its stake in DXP Enterprises by 71.4% during the 2nd quarter. Federated Investors Inc. PA now owns 54,308 shares of the industrial products company’s stock valued at $1,874,000 after purchasing an additional 22,622 shares during the period. Finally, Chicago Equity Partners LLC boosted its stake in DXP Enterprises by 8.9% during the 3rd quarter. Chicago Equity Partners LLC now owns 50,015 shares of the industrial products company’s stock valued at $1,575,000 after purchasing an additional 4,090 shares during the period. 74.25% of the stock is owned by institutional investors and hedge funds.

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About DXP Enterprises

DXP Enterprises, Inc (DXP) is engaged in the business of distributing maintenance, repair and operating (MRO) products, equipment and service to industrial customers. The Company operates through three segments: Service Centers, Supply Chain Services and Innovative Pumping Solutions. The Service Centers segment provides MRO products, equipment and services, including technical expertise and logistics capabilities to industrial customers.

Insider Buying and Selling by Quarter for DXP Enterprises (NASDAQ:DXPE)

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