Kent Nee Hung Yee Sells 3,175 Shares of DXP Enterprises, Inc. (DXPE) Stock

DXP Enterprises, Inc. (NASDAQ:DXPE) insider Kent Nee Hung Yee sold 3,175 shares of the firm’s stock in a transaction dated Thursday, March 29th. The stock was sold at an average price of $39.35, for a total value of $124,936.25. Following the sale, the insider now directly owns 40,846 shares of the company’s stock, valued at $1,607,290.10. The transaction was disclosed in a document filed with the SEC, which is available through this link.

DXP Enterprises stock traded up $0.94 on Tuesday, reaching $38.03. The company’s stock had a trading volume of 119,273 shares, compared to its average volume of 123,517. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.81 and a current ratio of 2.55. The firm has a market cap of $634.61, a P/E ratio of 44.06 and a beta of 2.25. DXP Enterprises, Inc. has a twelve month low of $24.86 and a twelve month high of $43.21.

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A number of research analysts recently weighed in on the company. BidaskClub raised DXP Enterprises from a “hold” rating to a “buy” rating in a research note on Tuesday, March 27th. Zacks Investment Research raised DXP Enterprises from a “hold” rating to a “buy” rating and set a $39.00 price target on the stock in a research report on Tuesday, January 30th. Finally, Stephens set a $48.00 price target on DXP Enterprises and gave the stock a “buy” rating in a research report on Wednesday, March 21st. One equities research analyst has rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. DXP Enterprises presently has a consensus rating of “Buy” and a consensus target price of $48.33.



Institutional investors have recently bought and sold shares of the business. Municipal Employees Retirement System of Michigan boosted its stake in DXP Enterprises by 59.9% in the third quarter. Municipal Employees Retirement System of Michigan now owns 5,820 shares of the industrial products company’s stock worth $183,000 after purchasing an additional 2,180 shares in the last quarter. MetLife Investment Advisors LLC acquired a new position in DXP Enterprises in the fourth quarter worth $206,000. BNP Paribas Arbitrage SA boosted its stake in DXP Enterprises by 46.7% in the third quarter. BNP Paribas Arbitrage SA now owns 8,346 shares of the industrial products company’s stock worth $263,000 after purchasing an additional 2,658 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. bought a new stake in shares of DXP Enterprises during the third quarter worth $290,000. Finally, Crossmark Global Holdings Inc. bought a new stake in shares of DXP Enterprises during the fourth quarter worth $295,000. 75.97% of the stock is currently owned by institutional investors.

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About DXP Enterprises

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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