DXP Enterprises (NASDAQ:DXPE) Director Timothy Halter Sells 6,842 Shares

DXP Enterprises, Inc. (NASDAQ:DXPE) Director Timothy Halter sold 6,842 shares of the stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $141.59, for a total transaction of $968,758.78. Following the completion of the sale, the director directly owned 30,000 shares of the company’s stock, valued at approximately $4,247,700. This trade represents a 18.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

DXP Enterprises Price Performance

Shares of DXP Enterprises stock opened at $147.69 on Wednesday. The company has a debt-to-equity ratio of 1.60, a current ratio of 2.98 and a quick ratio of 2.56. DXP Enterprises, Inc. has a fifty-two week low of $75.58 and a fifty-two week high of $183.91. The firm has a fifty day moving average price of $149.54 and a two-hundred day moving average price of $129.98. The company has a market cap of $2.29 billion, a PE ratio of 27.61 and a beta of 1.07.

DXP Enterprises (NASDAQ:DXPE) last issued its quarterly earnings results on Thursday, May 7th. The industrial products company reported $1.26 earnings per share for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.12). DXP Enterprises had a net margin of 4.27% and a return on equity of 18.16%. The company had revenue of $521.66 million during the quarter, compared to the consensus estimate of $531.00 million. Analysts expect that DXP Enterprises, Inc. will post 6.2 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Freedom Capital cut shares of DXP Enterprises from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 11th. Zacks Research cut shares of DXP Enterprises from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 11th. Loop Capital set a $154.00 price objective on shares of DXP Enterprises in a research note on Monday, March 2nd. Weiss Ratings restated a “buy (b)” rating on shares of DXP Enterprises in a research note on Friday. Finally, Wall Street Zen upgraded shares of DXP Enterprises from a “hold” rating to a “buy” rating in a research note on Sunday. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $154.00.

Institutional Investors Weigh In On DXP Enterprises

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC increased its position in DXP Enterprises by 3,507.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 469 shares of the industrial products company’s stock valued at $41,000 after acquiring an additional 456 shares in the last quarter. KBC Group NV acquired a new stake in DXP Enterprises in the 1st quarter valued at about $51,000. Clearstead Advisors LLC increased its position in DXP Enterprises by 164.5% in the 4th quarter. Clearstead Advisors LLC now owns 492 shares of the industrial products company’s stock valued at $54,000 after acquiring an additional 306 shares in the last quarter. TD Waterhouse Canada Inc. acquired a new stake in DXP Enterprises in the 3rd quarter valued at about $58,000. Finally, GAMMA Investing LLC increased its position in DXP Enterprises by 35.4% in the 4th quarter. GAMMA Investing LLC now owns 860 shares of the industrial products company’s stock valued at $94,000 after acquiring an additional 225 shares in the last quarter. Institutional investors and hedge funds own 74.82% of the company’s stock.

DXP Enterprises Company Profile

DXP Enterprises, Inc is a Houston, Texas–based industrial products and services distributor serving customers across North America. The company provides a broad portfolio of maintenance, repair and operations (MRO) supplies, including fluid power components, safety products, mechanical power transmission parts, and instrumentation. DXP’s product offering spans well-recognized private brands as well as equipment and parts from leading global manufacturers, enabling clients in energy, heavy industrial and manufacturing sectors to source critical components from a single supplier.

Through its network of service centers and specialized repair facilities, DXP delivers inventory management programs, turnkey fluid power rebuilds and custom assembly solutions.