DXP Enterprises Inc (NASDAQ:DXPE) VP Kent Nee Hung Yee sold 7,500 shares of the stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $40.32, for a total transaction of $302,400.00. Following the completion of the sale, the vice president now owns 29,146 shares of the company’s stock, valued at approximately $1,175,166.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Kent Nee Hung Yee also recently made the following trade(s):
- On Monday, March 18th, Kent Nee Hung Yee sold 14,960 shares of DXP Enterprises stock. The shares were sold at an average price of $40.52, for a total transaction of $606,179.20.
DXPE traded down $0.36 during midday trading on Monday, reaching $43.79. 39,889 shares of the company’s stock were exchanged, compared to its average volume of 84,067. The stock has a market cap of $776.16 million, a price-to-earnings ratio of 22.57 and a beta of 2.48. The company has a quick ratio of 1.89, a current ratio of 2.69 and a debt-to-equity ratio of 0.77. DXP Enterprises Inc has a one year low of $26.95 and a one year high of $49.50.
DXPE has been the subject of several research reports. BidaskClub cut shares of DXP Enterprises from a “sell” rating to a “strong sell” rating in a research note on Tuesday, December 18th. ValuEngine upgraded shares of DXP Enterprises from a “hold” rating to a “buy” rating in a research note on Wednesday, January 9th. Zacks Investment Research cut shares of DXP Enterprises from a “buy” rating to a “hold” rating in a research note on Tuesday, February 5th. Finally, Sidoti cut their price target on shares of DXP Enterprises from $61.00 to $52.00 and set a “buy” rating for the company in a research note on Tuesday, February 26th. Two analysts have 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 presently has an average rating of “Buy” and an average price target of $49.00.
Several hedge funds and other institutional investors have recently bought and sold shares of DXPE. Wells Fargo & Company MN grew its holdings in DXP Enterprises by 23.6% in the 3rd quarter. Wells Fargo & Company MN now owns 109,676 shares of the industrial products company’s stock valued at $4,395,000 after buying an additional 20,934 shares in the last quarter. Stone Ridge Asset Management LLC bought a new position in shares of DXP Enterprises during the third quarter valued at approximately $283,000. JPMorgan Chase & Co. grew its holdings in shares of DXP Enterprises by 0.6% during the third quarter. JPMorgan Chase & Co. now owns 433,959 shares of the industrial products company’s stock valued at $17,389,000 after purchasing an additional 2,698 shares during the last quarter. Teachers Retirement System of The State of Kentucky grew its holdings in shares of DXP Enterprises by 48.0% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 5,857 shares of the industrial products company’s stock valued at $235,000 after purchasing an additional 1,900 shares during the last quarter. Finally, Alliancebernstein L.P. grew its holdings in shares of DXP Enterprises by 17.5% during the third quarter. Alliancebernstein L.P. now owns 12,070 shares of the industrial products company’s stock valued at $484,000 after purchasing an additional 1,800 shares during the last quarter. 79.77% of the stock is 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.
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