DXP Enterprises (NASDAQ:DXPE) Upgraded at StockNews.com

StockNews.com upgraded shares of DXP Enterprises (NASDAQ:DXPE - Free Report) from a hold rating to a buy rating in a research report report published on Friday morning.

Separately, Stephens boosted their price objective on shares of DXP Enterprises from $75.00 to $95.00 and gave the company an "overweight" rating in a research report on Monday, March 10th.

DXP Enterprises Stock Up 4.6 %

Shares of DXPE traded up $3.62 during midday trading on Friday, hitting $82.80. The company had a trading volume of 10,914 shares, compared to its average volume of 160,195. The company's 50 day moving average price is $84.39 and its 200 day moving average price is $79.64. The stock has a market cap of $1.30 billion, a price-to-earnings ratio of 21.34 and a beta of 1.29. DXP Enterprises has a 52 week low of $43.25 and a 52 week high of $107.06. The company has a quick ratio of 1.78, a current ratio of 2.22 and a debt-to-equity ratio of 1.29.

DXP Enterprises (NASDAQ:DXPE - Get Free Report) last released its earnings results on Thursday, March 6th. The industrial products company reported $1.38 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.49. The company had revenue of $470.91 million during the quarter, compared to the consensus estimate of $447.00 million. DXP Enterprises had a net margin of 3.75% and a return on equity of 18.74%. On average, equities research analysts predict that DXP Enterprises will post 4.07 EPS for the current year.

Insider Activity at DXP Enterprises

In other news, CEO David R. Little bought 5,999 shares of DXP Enterprises stock in a transaction on Wednesday, March 26th. The stock was purchased at an average cost of $82.70 per share, with a total value of $496,117.30. Following the purchase, the chief executive officer now directly owns 1,257,593 shares of the company's stock, valued at approximately $104,002,941.10. This trade represents a 0.48 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Kent Nee Hung Yee sold 3,457 shares of the business's stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $88.43, for a total transaction of $305,702.51. Following the transaction, the chief financial officer now directly owns 68,849 shares of the company's stock, valued at $6,088,317.07. The trade was a 4.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,785 shares of company stock valued at $1,139,818 in the last quarter. Insiders own 22.40% of the company's stock.

Institutional Trading of DXP Enterprises

A number of institutional investors have recently made changes to their positions in DXPE. Jane Street Group LLC lifted its stake in shares of DXP Enterprises by 9.6% in the 3rd quarter. Jane Street Group LLC now owns 5,915 shares of the industrial products company's stock worth $316,000 after acquiring an additional 517 shares during the period. Barclays PLC lifted its stake in DXP Enterprises by 355.4% during the third quarter. Barclays PLC now owns 23,723 shares of the industrial products company's stock valued at $1,267,000 after purchasing an additional 18,514 shares during the last quarter. 272 Capital LP acquired a new stake in DXP Enterprises during the third quarter valued at approximately $1,380,000. Principal Financial Group Inc. lifted its stake in DXP Enterprises by 0.3% during the third quarter. Principal Financial Group Inc. now owns 68,997 shares of the industrial products company's stock valued at $3,682,000 after purchasing an additional 178 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in DXP Enterprises by 193.3% during the third quarter. JPMorgan Chase & Co. now owns 98,044 shares of the industrial products company's stock valued at $5,232,000 after purchasing an additional 64,611 shares during the last quarter. 74.82% of the stock is owned by institutional investors and hedge funds.

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).