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

DXP Enterprises, Inc. (NASDAQ:DXPE) Director Timothy Halter sold 6,842 shares of DXP Enterprises stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $141.59, for a total value of $968,758.78. Following the completion of the sale, the director owned 30,000 shares of the company’s stock, valued at $4,247,700. The trade was a 18.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

DXP Enterprises Price Performance

NASDAQ DXPE opened at $149.72 on Thursday. DXP Enterprises, Inc. has a one year low of $75.58 and a one year high of $183.91. The stock has a 50-day moving average of $149.90 and a 200 day moving average of $130.33. The company has a market capitalization of $2.32 billion, a price-to-earnings ratio of 27.99 and a beta of 1.07. The company has a debt-to-equity ratio of 1.60, a quick ratio of 2.56 and a current ratio of 2.98.

DXP Enterprises (NASDAQ:DXPE) last released its quarterly earnings data on Thursday, May 7th. The industrial products company reported $1.26 EPS for the quarter, missing the consensus estimate of $1.38 by ($0.12). DXP Enterprises had a return on equity of 18.16% and a net margin of 4.27%.The business had revenue of $521.66 million during the quarter, compared to the consensus estimate of $531.00 million. On average, sell-side analysts forecast that DXP Enterprises, Inc. will post 6.2 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Wall Street Zen upgraded DXP Enterprises from a “hold” rating to a “buy” rating in a report on Sunday. Zacks Research downgraded DXP Enterprises from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 11th. Freedom Capital downgraded DXP Enterprises from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 11th. Weiss Ratings restated a “buy (b)” rating on shares of DXP Enterprises in a research note on Friday, May 22nd. Finally, Loop Capital set a $154.00 price target on DXP Enterprises in a research note on Monday, March 2nd. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, DXP Enterprises has an average rating of “Moderate Buy” and an average price target of $154.00.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. California State Teachers Retirement System lifted its holdings in DXP Enterprises by 26.3% in the 1st quarter. California State Teachers Retirement System now owns 15,623 shares of the industrial products company’s stock worth $2,183,000 after purchasing an additional 3,256 shares in the last quarter. Quantinno Capital Management LP raised its holdings in shares of DXP Enterprises by 139.8% during the 1st quarter. Quantinno Capital Management LP now owns 8,817 shares of the industrial products company’s stock worth $1,232,000 after acquiring an additional 5,140 shares in the last quarter. Cetera Investment Advisers purchased a new stake in shares of DXP Enterprises during the 1st quarter worth approximately $335,000. First Trust Advisors LP raised its holdings in shares of DXP Enterprises by 1.1% during the 1st quarter. First Trust Advisors LP now owns 68,634 shares of the industrial products company’s stock worth $9,590,000 after acquiring an additional 756 shares in the last quarter. Finally, KBC Group NV purchased a new stake in shares of DXP Enterprises during the 1st quarter worth approximately $51,000. 74.82% of the stock is owned by hedge funds and other institutional investors.

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.