Timothy P. Halter Sells 5,000 Shares of DXP Enterprises, Inc. (NASDAQ:DXPE) Stock

DXP Enterprises, Inc. (NASDAQ:DXPE) Director Timothy P. Halter sold 5,000 shares of the company’s stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $89.75, for a total value of $448,750.00. Following the completion of the transaction, the director now owns 45,925 shares of the company’s stock, valued at $4,121,768.75. The trade was a 9.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

DXP Enterprises Stock Down 3.2 %

Shares of NASDAQ:DXPE opened at $82.93 on Friday. The stock has a market capitalization of $1.30 billion, a P/E ratio of 21.37 and a beta of 1.66. The stock’s 50-day moving average price is $93.62 and its 200-day moving average price is $75.82. The company has a current ratio of 2.22, a quick ratio of 1.78 and a debt-to-equity ratio of 1.29. DXP Enterprises, Inc. has a 12-month low of $43.25 and a 12-month high of $107.06.

DXP Enterprises (NASDAQ:DXPE) last issued its earnings results on Thursday, March 6th. The industrial products company reported $1.38 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.49. The company had revenue of $470.91 million during the quarter, compared to analysts’ expectations of $447.00 million. DXP Enterprises had a return on equity of 18.74% and a net margin of 3.75%. On average, equities analysts anticipate that DXP Enterprises, Inc. will post 4.07 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Wellington Management Group LLP purchased a new stake in DXP Enterprises during the 4th quarter valued at $67,901,000. FMR LLC raised its stake in shares of DXP Enterprises by 21.8% during the third quarter. FMR LLC now owns 776,950 shares of the industrial products company’s stock valued at $41,458,000 after acquiring an additional 139,027 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of DXP Enterprises by 5.7% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 720,320 shares of the industrial products company’s stock worth $59,513,000 after purchasing an additional 38,900 shares during the period. Northern Trust Corp grew its stake in shares of DXP Enterprises by 10.2% in the fourth quarter. Northern Trust Corp now owns 228,940 shares of the industrial products company’s stock worth $18,915,000 after purchasing an additional 21,220 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its holdings in DXP Enterprises by 2,589.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 149,349 shares of the industrial products company’s stock valued at $12,339,000 after purchasing an additional 143,795 shares during the period. 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).