DXP Enterprises (NASDAQ:DXPE) Raised to "Buy" at StockNews.com

DXP Enterprises (NASDAQ:DXPE - Get Free Report) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Thursday.

Separately, Stephens raised their target price on 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 Down 2.4 %

DXPE opened at $89.25 on Thursday. DXP Enterprises has a fifty-two week low of $43.25 and a fifty-two week high of $107.06. The firm has a market capitalization of $1.40 billion, a P/E ratio of 23.00 and a beta of 1.26. The company's 50-day moving average is $82.88 and its 200 day moving average is $82.10. The company has a debt-to-equity ratio of 1.29, a current ratio of 2.22 and a quick ratio of 1.78.

DXP Enterprises (NASDAQ:DXPE - Get Free Report) last announced its earnings results on Wednesday, May 7th. The industrial products company reported $1.26 earnings per share for the quarter, topping analysts' consensus estimates of $1.20 by $0.06. The firm had revenue of $476.57 million for the quarter, compared to the consensus estimate of $477.00 million. DXP Enterprises had a return on equity of 18.74% and a net margin of 3.75%. Research analysts expect that DXP Enterprises will post 4.07 earnings per share for the current fiscal year.

Insider Buying and Selling at DXP Enterprises

In other DXP Enterprises news, CMO Paz Maestas sold 4,328 shares of the business's stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $89.04, for a total value of $385,365.12. Following the sale, the chief marketing officer now directly owns 613,039 shares in the company, valued at $54,584,992.56. The trade was a 0.70 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Timothy P. Halter sold 5,000 shares of the company's stock in a transaction on Monday, March 24th. The shares were sold at an average price of $89.75, for a total value of $448,750.00. Following the transaction, the director now directly owns 45,925 shares in the company, valued at $4,121,768.75. This represents a 9.82 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,785 shares of company stock worth $1,139,818 over the last three months. 22.40% of the stock is currently owned by insiders.

Institutional Investors Weigh In On DXP Enterprises

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DXPE. SummerHaven Investment Management LLC increased its position in shares of DXP Enterprises by 0.8% during the first quarter. SummerHaven Investment Management LLC now owns 17,413 shares of the industrial products company's stock valued at $1,432,000 after buying an additional 142 shares during the period. CastleKnight Management LP grew its stake in DXP Enterprises by 0.3% during the fourth quarter. CastleKnight Management LP now owns 117,300 shares of the industrial products company's stock valued at $9,691,000 after acquiring an additional 300 shares in the last quarter. Sterling Capital Management LLC increased its holdings in DXP Enterprises by 4.4% during the 4th quarter. Sterling Capital Management LLC now owns 7,656 shares of the industrial products company's stock worth $633,000 after acquiring an additional 326 shares during the period. Global Retirement Partners LLC lifted its stake in DXP Enterprises by 2,220.0% in the 4th quarter. Global Retirement Partners LLC now owns 348 shares of the industrial products company's stock worth $29,000 after purchasing an additional 333 shares in the last quarter. Finally, CWM LLC boosted its holdings in DXP Enterprises by 32.2% in the 1st 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 during the period. 74.82% of the stock is currently owned by 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).

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