DXP Enterprises (NASDAQ:DXPE) Shares Down 4.4%

DXP Enterprises, Inc. (NASDAQ:DXPE) dropped 4.4% during mid-day trading on Wednesday . The company traded as low as $45.81 and last traded at $46.08. Approximately 46,103 shares traded hands during trading, a decline of 56% from the average daily volume of 104,656 shares. The stock had previously closed at $48.19.

DXP Enterprises Trading Down 0.6 %

The stock’s fifty day moving average price is $50.02 and its two-hundred day moving average price is $49.27. The company has a current ratio of 2.39, a quick ratio of 1.92 and a debt-to-equity ratio of 1.35. The stock has a market capitalization of $762.95 million, a P/E ratio of 13.39 and a beta of 1.59.

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. DXP Enterprises had a net margin of 3.57% and a return on equity of 17.22%. The business had revenue of $445.56 million for the quarter. Equities research analysts forecast that DXP Enterprises, Inc. will post 3.16 EPS for the current year.

Insider Transactions at DXP Enterprises

In other DXP Enterprises news, CMO Paz Maestas sold 2,500 shares of the business’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $49.00, for a total value of $122,500.00. Following the sale, the chief marketing officer now owns 619,367 shares in the company, valued at approximately $30,348,983. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 22.10% of the company’s stock.

Hedge Funds Weigh In On DXP Enterprises

A number of institutional investors have recently bought and sold shares of the business. Pacer Advisors Inc. acquired a new position in DXP Enterprises during the 2nd quarter worth about $32,797,000. Renaissance Technologies LLC increased its stake in DXP Enterprises by 125.3% in the second quarter. Renaissance Technologies LLC now owns 111,300 shares of the industrial products company’s stock valued at $5,102,000 after purchasing an additional 61,900 shares during the period. Hillsdale Investment Management Inc. purchased a new stake in DXP Enterprises during the 4th quarter valued at approximately $1,900,000. Assenagon Asset Management S.A. purchased a new position in DXP Enterprises during the 2nd quarter worth $1,741,000. Finally, LSV Asset Management boosted its holdings in DXP Enterprises by 63.1% in the 2nd quarter. LSV Asset Management now owns 90,495 shares of the industrial products company’s stock valued at $4,148,000 after purchasing an additional 35,011 shares in the last quarter. 74.82% of the stock is owned by hedge funds and other institutional investors.

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).