DXP Enterprises, Inc. (NASDAQ:DXPE) Insider Christopher T. Gregory Sells 1,000 Shares of Stock

DXP Enterprises, Inc. (NASDAQ:DXPE) insider Christopher T. Gregory sold 1,000 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $73.10, for a total transaction of $73,100.00. Following the transaction, the insider now owns 29,606 shares in the company, valued at $2,164,198.60. This represents a 3.27 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

DXP Enterprises Trading Up 1.1 %

Shares of DXPE opened at $75.05 on Friday. The company has a debt-to-equity ratio of 1.29, a current ratio of 2.22 and a quick ratio of 1.78. The firm’s 50 day simple moving average is $60.34 and its 200 day simple moving average is $53.26. DXP Enterprises, Inc. has a 1-year low of $30.08 and a 1-year high of $75.47. The company has a market capitalization of $1.18 billion, a P/E ratio of 19.34 and a beta of 1.70.

DXP Enterprises (NASDAQ:DXPE) last released its quarterly earnings data on Monday, November 4th. The industrial products company reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.48. DXP Enterprises had a return on equity of 18.74% and a net margin of 3.75%. The firm had revenue of $472.94 million during the quarter. During the same period last year, the company posted $0.93 EPS. Sell-side analysts forecast that DXP Enterprises, Inc. will post 3.56 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of DXPE. Innealta Capital LLC purchased a new position in shares of DXP Enterprises in the second quarter worth $29,000. Quantbot Technologies LP bought a new stake in DXP Enterprises in the 3rd quarter valued at $41,000. Quest Partners LLC raised its holdings in shares of DXP Enterprises by 24.8% during the 2nd quarter. Quest Partners LLC now owns 2,109 shares of the industrial products company’s stock worth $97,000 after acquiring an additional 419 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of DXP Enterprises by 39.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,113 shares of the industrial products company’s stock valued at $189,000 after acquiring an additional 1,174 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new position in DXP Enterprises during the third quarter worth $197,000. 74.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Stephens raised their price target on shares of DXP Enterprises from $65.00 to $75.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th.

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).