DXP Enterprises (NASDAQ:DXPE) Earns Buy (B) Rating from Weiss Ratings

Key Points

• DXP Enterprises has received a "buy (B)" rating from Weiss Ratings, reaffirming positive investor sentiment towards the stock.
• The company reported earnings of $1.43 per share, exceeding analysts' expectations, and had a net margin of 4.52%.
• Insider transactions revealed significant stock sales, with 41,316 shares sold by insiders in the past three months, indicating potential shifts in insider confidence.

DXP Enterprises (NASDAQ:DXPE - Get Free Report)'s stock had its "buy (b)" rating reiterated by equities research analysts at Weiss Ratings in a research note issued on Friday,Weiss Ratings reports.

Several other equities analysts have also recently issued reports on the company. Singular Research upgraded DXP Enterprises to a "moderate buy" rating in a research report on Tuesday, September 9th. Wall Street Zen downgraded DXP Enterprises from a "strong-buy" rating to a "buy" rating in a research note on Saturday, September 13th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of "Buy" and an average target price of $95.00.

DXP Enterprises Price Performance

DXP Enterprises stock opened at $122.08 on Friday. The company has a current ratio of 2.79, a quick ratio of 2.33 and a debt-to-equity ratio of 1.33. The company has a fifty day simple moving average of $120.20 and a 200-day simple moving average of $100.93. The stock has a market cap of $1.92 billion, a P/E ratio of 23.30 and a beta of 1.16. DXP Enterprises has a 12-month low of $48.45 and a 12-month high of $130.97.

DXP Enterprises (NASDAQ:DXPE - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The industrial products company reported $1.43 earnings per share for the quarter, topping analysts' consensus estimates of $1.39 by $0.04. DXP Enterprises had a net margin of 4.52% and a return on equity of 20.94%. The company had revenue of $498.68 million for the quarter, compared to analysts' expectations of $499.00 million. Equities analysts expect that DXP Enterprises will post 4.07 EPS for the current fiscal year.

Insider Transactions at DXP Enterprises

In related news, SVP John Jay Jeffery sold 2,000 shares of the business's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $125.43, for a total transaction of $250,860.00. Following the sale, the senior vice president owned 20,008 shares of the company's stock, valued at approximately $2,509,603.44. The trade was a 9.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Karen Hoffman sold 2,399 shares of the stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $125.00, for a total transaction of $299,875.00. Following the completion of the transaction, the director directly owned 4,787 shares of the company's stock, valued at approximately $598,375. This trade represents a 33.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 41,316 shares of company stock valued at $4,960,704 in the last three months. Insiders own 22.70% of the company's stock.

Institutional Trading of DXP Enterprises

A number of institutional investors have recently bought and sold shares of the company. HM Payson & Co. purchased a new position in shares of DXP Enterprises in the third quarter valued at $27,000. EverSource Wealth Advisors LLC grew its stake in DXP Enterprises by 3,507.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 469 shares of the industrial products company's stock valued at $41,000 after acquiring an additional 456 shares during the last quarter. GAMMA Investing LLC increased its holdings in DXP Enterprises by 24.3% during the 2nd quarter. GAMMA Investing LLC now owns 634 shares of the industrial products company's stock valued at $56,000 after acquiring an additional 124 shares in the last quarter. CWM LLC lifted its holdings in shares of DXP Enterprises by 32.2% in the first quarter. CWM LLC now owns 1,487 shares of the industrial products company's stock valued at $122,000 after purchasing an additional 362 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its position in shares of DXP Enterprises by 498.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,802 shares of the industrial products company's stock worth $158,000 after purchasing an additional 1,501 shares during the last quarter. 74.82% of the stock is currently owned by hedge funds and other institutional investors.

About DXP Enterprises

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).

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