David R. Little Buys 5,999 Shares of DXP Enterprises, Inc. (NASDAQ:DXPE) Stock

DXP Enterprises, Inc. (NASDAQ:DXPE) CEO David R. Little acquired 5,999 shares of the business’s stock in a transaction dated Wednesday, March 26th. The shares were bought at an average price of $82.70 per share, for a total transaction of $496,117.30. Following the acquisition, the chief executive officer now owns 1,257,593 shares of the company’s stock, valued at approximately $104,002,941.10. This represents a 0.48 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

DXP Enterprises Price Performance

Shares of NASDAQ:DXPE opened at $82.88 on Friday. DXP Enterprises, Inc. has a twelve month low of $43.25 and a twelve month high of $107.06. The company has a current ratio of 2.22, a quick ratio of 1.78 and a debt-to-equity ratio of 1.29. The company has a market cap of $1.30 billion, a PE ratio of 21.36 and a beta of 1.66. The company’s 50 day moving average is $93.23 and its 200 day moving average is $76.06.

DXP Enterprises (NASDAQ:DXPE) last released its quarterly earnings data on Thursday, March 6th. The industrial products company reported $1.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.49. The firm had revenue of $470.91 million for the quarter, compared to analyst estimates of $447.00 million. DXP Enterprises had a net margin of 3.75% and a return on equity of 18.74%. On average, sell-side analysts forecast that DXP Enterprises, Inc. will post 4.07 EPS for the current year.

Analyst Ratings Changes

A number of research firms have issued reports on DXPE. Stephens raised their price target on shares of DXP Enterprises from $75.00 to $95.00 and gave the stock an “overweight” rating in a report on Monday, March 10th. StockNews.com lowered DXP Enterprises from a “buy” rating to a “hold” rating in a research note on Tuesday.

Institutional Trading of DXP Enterprises

A number of hedge funds have recently modified their holdings of DXPE. Wellington Management Group LLP acquired a new position in DXP Enterprises in the fourth quarter valued at approximately $67,901,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of DXP Enterprises by 14.9% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 33,293 shares of the industrial products company’s stock valued at $2,751,000 after purchasing an additional 4,321 shares during the period. State of Wyoming boosted its holdings in DXP Enterprises by 21.9% during the fourth quarter. State of Wyoming now owns 8,724 shares of the industrial products company’s stock worth $721,000 after buying an additional 1,569 shares in the last quarter. ProShare Advisors LLC acquired a new stake in DXP Enterprises during the fourth quarter valued at $311,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in DXP Enterprises by 5.7% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 720,320 shares of the industrial products company’s stock valued at $59,513,000 after buying an additional 38,900 shares in the last quarter. Hedge funds and other institutional investors own 74.82% of the company’s stock.

About DXP Enterprises

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).