DXP Enterprises (NASDAQ:DXPE) Trading Down 8.5% – Should You Sell?

Shares of DXP Enterprises, Inc. (NASDAQ:DXPE) traded down 8.5% during mid-day trading on Thursday . The stock traded as low as $90.88 and last traded at $91.55. 60,482 shares were traded during mid-day trading, a decline of 66% from the average session volume of 179,650 shares. The stock had previously closed at $100.02.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Wall Street Zen downgraded DXP Enterprises from a “buy” rating to a “hold” rating in a research report on Saturday. Weiss Ratings reiterated a “buy (b)” rating on shares of DXP Enterprises in a report on Wednesday, October 8th. Finally, Singular Research upgraded DXP Enterprises to a “moderate buy” rating in a report on Tuesday, September 9th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $95.00.

DXP Enterprises Price Performance

The company has a quick ratio of 2.33, a current ratio of 2.79 and a debt-to-equity ratio of 1.33. The company has a market capitalization of $1.42 billion, a price-to-earnings ratio of 17.31 and a beta of 1.15. The stock’s 50-day simple moving average is $116.58 and its two-hundred day simple moving average is $104.16.

DXP Enterprises (NASDAQ:DXPE) last issued its earnings results on Thursday, November 6th. The industrial products company reported $1.34 EPS for the quarter, missing analysts’ consensus estimates of $1.45 by ($0.11). DXP Enterprises had a net margin of 4.52% and a return on equity of 20.94%. The business had revenue of $513.72 million during the quarter, compared to analyst estimates of $499.00 million. Equities research analysts predict that DXP Enterprises, Inc. will post 4.07 earnings per share for the current year.

Insider Buying and Selling at DXP Enterprises

In related news, SVP John Jay Jeffery sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $125.43, for a total value of $250,860.00. Following the sale, the senior vice president owned 20,008 shares of the company’s stock, valued at $2,509,603.44. This trade represents a 9.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Nicholas Little sold 20,440 shares of the business’s stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $118.53, for a total transaction of $2,422,753.20. Following the completion of the transaction, the chief operating officer directly owned 791,888 shares in the company, valued at $93,862,484.64. This represents a 2.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 34,316 shares of company stock valued at $4,110,204. 22.70% of the stock is currently owned by company insiders.

Institutional Trading of DXP Enterprises

A number of institutional investors and hedge funds have recently bought and sold shares of DXPE. Informed Momentum Co LLC acquired a new stake in DXP Enterprises in the first quarter valued at about $1,731,000. Private Advisor Group LLC acquired a new stake in DXP Enterprises during the first quarter worth approximately $791,000. Sei Investments Co. raised its holdings in shares of DXP Enterprises by 3.0% during the first quarter. Sei Investments Co. now owns 92,330 shares of the industrial products company’s stock valued at $7,627,000 after purchasing an additional 2,663 shares during the period. Envestnet Asset Management Inc. bought a new position in shares of DXP Enterprises in the 1st quarter worth $1,420,000. Finally, Virtu Financial LLC bought a new stake in DXP Enterprises during the 1st quarter worth approximately $286,000. Institutional investors and hedge funds own 74.82% of the company’s stock.

DXP Enterprises Company Profile

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).