Insider Selling: DXP Enterprises, Inc. (NASDAQ:DXPE) CMO Sells $106,420.00 in Stock

DXP Enterprises, Inc. (NASDAQ:DXPE) CMO Paz Maestas sold 2,000 shares of the stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $53.21, for a total transaction of $106,420.00. Following the sale, the chief marketing officer now owns 617,367 shares of the company’s stock, valued at approximately $32,850,098.07. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Paz Maestas also recently made the following trade(s):

• On Friday, August 16th, Paz Maestas sold 2,500 shares of DXP Enterprises stock. The stock was sold at an average price of $49.00, for a total transaction of $122,500.00.

DXP Enterprises Stock Down 2.1 %

Shares of DXPE opened at $52.75 on Friday. The company has a market capitalization of $840.20 million, a P/E ratio of 14.65 and a beta of 1.59. DXP Enterprises, Inc. has a one year low of $28.82 and a one year high of $57.38. The business’s 50 day simple moving average is $51.02 and its 200-day simple moving average is $50.04. The company has a debt-to-equity ratio of 1.35, a current ratio of 2.39 and a quick ratio of 1.92.

DXP Enterprises (NASDAQ:DXPE) last posted its quarterly earnings data on Thursday, August 8th. The industrial products company reported $1.02 EPS for the quarter. The company had revenue of $445.56 million for the quarter. DXP Enterprises had a return on equity of 17.22% and a net margin of 3.57%. As a group, sell-side analysts predict that DXP Enterprises, Inc. will post 3.56 EPS for the current fiscal year.

Institutional Investors Weigh In On DXP Enterprises

A number of hedge funds have recently added to or reduced their stakes in the stock. Public Sector Pension Investment Board raised its stake in shares of DXP Enterprises by 4.4% in the second quarter. Public Sector Pension Investment Board now owns 28,735 shares of the industrial products company’s stock worth $1,317,000 after acquiring an additional 1,208 shares during the last quarter. Sei Investments Co. grew its stake in shares of DXP Enterprises by 7.1% during the second quarter. Sei Investments Co. now owns 83,757 shares of the industrial products company’s stock valued at $3,839,000 after purchasing an additional 5,543 shares during the last quarter. Pacer Advisors Inc. bought a new position in DXP Enterprises in the 2nd quarter worth approximately $32,797,000. Renaissance Technologies LLC raised its position in DXP Enterprises by 125.3% in the 2nd quarter. Renaissance Technologies LLC now owns 111,300 shares of the industrial products company’s stock worth $5,102,000 after purchasing an additional 61,900 shares during the last quarter. Finally, WINTON GROUP Ltd bought a new position in DXP Enterprises in the 2nd quarter valued at $437,000. Institutional investors 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).