DXP Enterprises, Inc. (NASDAQ:DXPE) Receives Consensus Rating of "Moderate Buy" from Analysts

Key Points

• Analysts give DXP Enterprises a “Moderate Buy” consensus rating: three of five analysts rate the stock a buy, while two recommend holding it. The average 12-month price target is $187.
• DXP Enterprises exceeded quarterly expectations, reporting $1.76 in earnings per share versus the $1.59 consensus estimate and revenue of $576.46 million versus $543 million expected.
• Shares opened at $187.73, with a market capitalization of approximately $2.91 billion, while institutional investors own 74.82% of the stock. The shares remain below their 52-week high of $208 but well above the $84.04 low.

Shares of DXP Enterprises, Inc. (NASDAQ:DXPE - Get Free Report) have been given an average recommendation of "Moderate Buy" by the five research firms that are presently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $187.00.

Several research firms have commented on DXPE. Stephens upped their price objective on shares of DXP Enterprises from $160.00 to $220.00 and gave the company an "overweight" rating in a report on Friday, August 7th. Weiss Ratings downgraded shares of DXP Enterprises from a "buy (b)" rating to a "buy (b-)" rating in a research note on Thursday, August 20th. Zacks Research lowered shares of DXP Enterprises from a "strong-buy" rating to a "hold" rating in a research report on Monday, May 11th. Wall Street Zen raised shares of DXP Enterprises from a "hold" rating to a "buy" rating in a report on Saturday, August 8th. Finally, Freedom Capital lowered shares of DXP Enterprises from a "strong-buy" rating to a "hold" rating in a research note on Monday, May 11th.

DXP Enterprises Stock Performance

Shares of DXPE opened at $187.73 on Tuesday. The firm has a market cap of $2.91 billion, a PE ratio of 33.05 and a beta of 0.98. The stock's fifty day moving average price is $174.37 and its two-hundred day moving average price is $158.84. The company has a debt-to-equity ratio of 1.51, a current ratio of 2.99 and a quick ratio of 2.58. DXP Enterprises has a 1 year low of $84.04 and a 1 year high of $208.00.

DXP Enterprises (NASDAQ:DXPE - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The industrial products company reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.59 by $0.17. DXP Enterprises had a return on equity of 18.51% and a net margin of 4.35%.The company had revenue of $576.46 million during the quarter, compared to the consensus estimate of $543.00 million.

Insider Activity

In other news, CMO Paz Maestas sold 10,000 shares of the firm's stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $164.37, for a total value of $1,643,700.00. Following the completion of the transaction, the chief marketing officer directly owned 590,262 shares of the company's stock, valued at $97,021,364.94. This trade represents a 1.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 22.00% of the stock is currently owned by corporate insiders.

Institutional Trading of DXP Enterprises

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada boosted its stake in DXP Enterprises by 29.4% in the 1st quarter. Royal Bank of Canada now owns 5,071 shares of the industrial products company's stock worth $417,000 after purchasing an additional 1,153 shares during the period. Millennium Management LLC increased its position in shares of DXP Enterprises by 661.5% during the first quarter. Millennium Management LLC now owns 128,956 shares of the industrial products company's stock valued at $10,608,000 after buying an additional 112,021 shares during the period. Jane Street Group LLC lifted its holdings in shares of DXP Enterprises by 433.8% in the first quarter. Jane Street Group LLC now owns 58,954 shares of the industrial products company's stock worth $4,850,000 after buying an additional 47,909 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of DXP Enterprises by 9.5% in the second quarter. JPMorgan Chase & Co. now owns 67,018 shares of the industrial products company's stock worth $5,874,000 after buying an additional 5,820 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its position in shares of DXP Enterprises by 19.3% in the second quarter. Russell Investments Group Ltd. now owns 4,699 shares of the industrial products company's stock valued at $412,000 after acquiring an additional 761 shares during the period. 74.82% of the stock is currently owned by institutional investors.

DXP Enterprises Company Profile

DXP Enterprises, Inc is a Houston, Texas–based industrial products and services distributor serving customers across North America. The company provides a broad portfolio of maintenance, repair and operations (MRO) supplies, including fluid power components, safety products, mechanical power transmission parts, and instrumentation. DXP's product offering spans well-recognized private brands as well as equipment and parts from leading global manufacturers, enabling clients in energy, heavy industrial and manufacturing sectors to source critical components from a single supplier.

Through its network of service centers and specialized repair facilities, DXP delivers inventory management programs, turnkey fluid power rebuilds and custom assembly solutions.

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