DXP Enterprises, Inc. (NASDAQ:DXPE) Short Interest Update

DXP Enterprises, Inc. (NASDAQ:DXPE - Get Free Report) saw a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 629,900 shares, a growth of 9.5% from the February 29th total of 575,100 shares. Currently, 4.8% of the company's shares are sold short. Based on an average trading volume of 73,200 shares, the days-to-cover ratio is currently 8.6 days.

Analysts Set New Price Targets

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

DXP Enterprises Price Performance

DXPE stock traded down $0.67 on Tuesday, reaching $53.04. 81,103 shares of the company's stock were exchanged, compared to its average volume of 78,659. The stock has a fifty day moving average of $40.14 and a 200-day moving average of $35.39. DXP Enterprises has a twelve month low of $22.06 and a twelve month high of $54.73. The firm has a market cap of $858.19 million, a PE ratio of 13.67 and a beta of 1.72. The company has a quick ratio of 2.43, a current ratio of 2.89 and a debt-to-equity ratio of 1.37.

DXP Enterprises (NASDAQ:DXPE - Get Free Report) last posted its earnings results on Thursday, March 7th. The industrial products company reported $1.12 earnings per share for the quarter. The company had revenue of $407.04 million for the quarter. DXP Enterprises had a return on equity of 19.30% and a net margin of 4.10%. During the same period last year, the company posted $0.50 EPS. As a group, equities analysts predict that DXP Enterprises will post 3.16 EPS for the current fiscal year.

Insider Activity at DXP Enterprises

In related news, CMO Paz Maestas sold 10,000 shares of the firm's stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $49.14, for a total transaction of $491,400.00. Following the completion of the transaction, the chief marketing officer now directly owns 621,723 shares in the company, valued at approximately $30,551,468.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 22.10% of the stock is currently owned by company insiders.

Institutional Trading of DXP Enterprises

A number of large investors have recently made changes to their positions in DXPE. Norges Bank acquired a new stake in shares of DXP Enterprises during the fourth quarter valued at $3,016,000. Goldman Sachs Group Inc. boosted its stake in shares of DXP Enterprises by 35.4% during the second quarter. Goldman Sachs Group Inc. now owns 337,033 shares of the industrial products company's stock valued at $10,323,000 after acquiring an additional 88,103 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of DXP Enterprises by 8.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,057,489 shares of the industrial products company's stock worth $38,504,000 after buying an additional 82,527 shares in the last quarter. Medina Value Partners LLC raised its stake in shares of DXP Enterprises by 25.3% in the 4th quarter. Medina Value Partners LLC now owns 361,589 shares of the industrial products company's stock worth $9,962,000 after buying an additional 73,037 shares in the last quarter. Finally, Millennium Management LLC raised its stake in shares of DXP Enterprises by 553.1% in the 2nd quarter. Millennium Management LLC now owns 73,182 shares of the industrial products company's stock worth $2,242,000 after buying an additional 61,976 shares in the last quarter. Institutional investors and hedge funds own 74.82% of the company's stock.

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).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.