DXP Enterprises (NASDAQ:DXPE) Cut to Hold at StockNews.com

StockNews.com cut shares of DXP Enterprises (NASDAQ:DXPE) from a buy rating to a hold rating in a research report released on Tuesday morning.

Separately, Stephens lifted their target price on shares of DXP Enterprises from $75.00 to $95.00 and gave the company an “overweight” rating in a report on Monday, March 10th.

DXP Enterprises Price Performance

NASDAQ:DXPE opened at $82.93 on Tuesday. The firm’s fifty day moving average is $93.62 and its two-hundred day moving average is $75.82. The firm has a market cap of $1.30 billion, a price-to-earnings ratio of 21.37 and a beta of 1.66. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.78 and a current ratio of 2.22. DXP Enterprises has a one year low of $43.25 and a one year high of $107.06.

DXP Enterprises (NASDAQ:DXPE) last issued its earnings results on Thursday, March 6th. The industrial products company reported $1.38 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.49. The firm had revenue of $470.91 million for the quarter, compared to the consensus estimate of $447.00 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 EPS for the current year.

Insider Transactions at DXP Enterprises

In other DXP Enterprises news, CEO David R. Little bought 5,999 shares of DXP Enterprises stock in a transaction dated Wednesday, March 26th. The stock was acquired 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 in the company, valued at $104,002,941.10. This represents a 0.48 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Kent Nee Hung Yee sold 3,457 shares of DXP Enterprises stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of $88.43, for a total transaction of $305,702.51. Following the completion of the sale, the chief financial officer now directly owns 68,849 shares in the company, valued at $6,088,317.07. This represents a 4.78 % 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 valued at $1,139,818 in the last ninety days. 22.40% of the stock is currently owned by corporate insiders.

Institutional Trading of DXP Enterprises

Institutional investors and hedge funds have recently modified their holdings of the stock. Global Retirement Partners LLC boosted its holdings 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 buying an additional 333 shares during the last quarter. Smartleaf Asset Management LLC lifted its position in shares of DXP Enterprises by 3,150.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 520 shares of the industrial products company’s stock valued at $43,000 after acquiring an additional 504 shares in the last quarter. Quantbot Technologies LP acquired a new stake in shares of DXP Enterprises in the third quarter worth approximately $41,000. Lazard Asset Management LLC purchased a new stake in shares of DXP Enterprises during the fourth quarter worth approximately $159,000. Finally, Hsbc Holdings PLC acquired a new position in DXP Enterprises in the 4th quarter valued at $208,000. Hedge funds and other 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).