DXP Enterprises, Inc. (DXPE) VP Sells $291,600.00 in Stock

DXP Enterprises, Inc. (NASDAQ:DXPE) VP David C. Vinson sold 7,290 shares of DXP Enterprises stock in a transaction that occurred on Thursday, March 29th. The shares were sold at an average price of $40.00, for a total value of $291,600.00. Following the completion of the transaction, the vice president now owns 10,563 shares in the company, valued at $422,520. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Shares of DXPE stock traded up $0.94 during midday trading on Tuesday, hitting $38.03. The company had a trading volume of 116,363 shares, compared to its average volume of 122,988. The company has a current ratio of 2.55, a quick ratio of 1.81 and a debt-to-equity ratio of 0.89. DXP Enterprises, Inc. has a 52-week low of $24.86 and a 52-week high of $43.21. The company has a market capitalization of $634.61, a P/E ratio of 44.06 and a beta of 2.25.

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Several institutional investors have recently bought and sold shares of the stock. BlackRock Inc. boosted its stake in shares of DXP Enterprises by 0.7% in the fourth quarter. BlackRock Inc. now owns 1,994,404 shares of the industrial products company’s stock valued at $58,976,000 after buying an additional 13,861 shares in the last quarter. Frontier Capital Management Co. LLC boosted its stake in shares of DXP Enterprises by 7.6% in the fourth quarter. Frontier Capital Management Co. LLC now owns 1,089,679 shares of the industrial products company’s stock valued at $32,222,000 after buying an additional 77,365 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of DXP Enterprises by 10.8% in the third quarter. Dimensional Fund Advisors LP now owns 921,040 shares of the industrial products company’s stock valued at $29,004,000 after buying an additional 89,735 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of DXP Enterprises by 28.7% in the fourth quarter. American Century Companies Inc. now owns 721,452 shares of the industrial products company’s stock valued at $21,333,000 after buying an additional 160,811 shares in the last quarter. Finally, Hood River Capital Management LLC boosted its stake in shares of DXP Enterprises by 40.7% in the fourth quarter. Hood River Capital Management LLC now owns 492,847 shares of the industrial products company’s stock valued at $14,573,000 after buying an additional 142,630 shares in the last quarter. Hedge funds and other institutional investors own 75.97% of the company’s stock.

Several brokerages have weighed in on DXPE. BidaskClub downgraded DXP Enterprises from a “buy” rating to a “hold” rating in a research note on Wednesday, April 4th. Zacks Investment Research upgraded DXP Enterprises from a “hold” rating to a “strong-buy” rating and set a $48.00 target price on the stock in a research note on Friday, March 23rd. Finally, Stephens set a $48.00 target price on DXP Enterprises and gave the company a “buy” rating in a research note on Wednesday, March 21st. One research analyst has rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $48.33.

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DXP Enterprises Company Profile

DXP Enterprises, Inc engages in distributing maintenance, repair, and operating (MRO) products, equipment, and services to energy and industrial customers in the United States. It operates through three segments: Service Centers, Supply Chain Services, and Innovative Pumping Solutions. The Service Centers segment offers MRO products, equipment, and integrated services, including technical expertise and logistics services.

Insider Buying and Selling by Quarter for DXP Enterprises (NASDAQ:DXPE)

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