DXP Enterprises (NASDAQ:DXPE) Sets New 1-Year High at $55.64

DXP Enterprises, Inc. (NASDAQ:DXPE - Get Free Report)'s stock price reached a new 52-week high during trading on Thursday . The company traded as high as $55.64 and last traded at $55.64, with a volume of 10673 shares changing hands. The stock had previously closed at $54.18.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on DXPE shares. StockNews.com raised DXP Enterprises from a "buy" rating to a "strong-buy" rating in a research note on Thursday, December 14th. TheStreet raised shares of DXP Enterprises from a "c+" rating to a "b-" rating in a report on Thursday, March 14th.

DXP Enterprises Trading Up 0.8 %

The company has a debt-to-equity ratio of 1.37, a current ratio of 2.89 and a quick ratio of 2.43. The stock has a 50-day moving average price of $41.01 and a two-hundred day moving average price of $35.66. The stock has a market cap of $883.27 million, a PE ratio of 14.07 and a beta of 1.72.

DXP Enterprises (NASDAQ:DXPE - Get Free Report) last released its quarterly earnings results on Thursday, March 7th. The industrial products company reported $1.12 earnings per share for the quarter. The business had revenue of $407.04 million during the quarter. DXP Enterprises had a return on equity of 19.30% and a net margin of 4.10%. During the same quarter in the prior year, the business earned $0.50 EPS.

Insider Activity at DXP Enterprises

In other DXP Enterprises news, CMO Paz Maestas sold 10,000 shares of the business's stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $49.14, for a total transaction of $491,400.00. Following the sale, the chief marketing officer now directly owns 621,723 shares of the company's stock, valued at $30,551,468.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 22.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of DXPE. Barclays PLC grew its holdings in DXP Enterprises by 5.8% during the 1st quarter. Barclays PLC now owns 7,912 shares of the industrial products company's stock valued at $213,000 after purchasing an additional 432 shares during the last quarter. Lazard Asset Management LLC raised its holdings in shares of DXP Enterprises by 117.7% in the third quarter. Lazard Asset Management LLC now owns 910 shares of the industrial products company's stock worth $31,000 after buying an additional 492 shares during the period. Public Employees Retirement System of Ohio lifted its stake in shares of DXP Enterprises by 51.0% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 1,616 shares of the industrial products company's stock worth $38,000 after acquiring an additional 546 shares during the last quarter. Captrust Financial Advisors boosted its holdings in DXP Enterprises by 67.8% during the 1st quarter. Captrust Financial Advisors now owns 1,606 shares of the industrial products company's stock valued at $44,000 after acquiring an additional 649 shares during the period. Finally, Tower Research Capital LLC TRC grew its position in DXP Enterprises by 216.7% in the 1st quarter. Tower Research Capital LLC TRC now owns 1,197 shares of the industrial products company's stock valued at $32,000 after acquiring an additional 819 shares during the last quarter. Institutional investors own 74.82% of the company's stock.

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).