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

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

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

DXP Enterprises Trading Down 5.4 %

Shares of NASDAQ DXPE opened at $73.45 on Wednesday. The stock has a market cap of $1.15 billion, a P/E ratio of 18.93 and a beta of 1.66. 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 has a 1 year low of $43.25 and a 1 year high of $107.06. The firm has a 50-day moving average of $90.80 and a 200 day moving average of $77.14.

DXP Enterprises (NASDAQ:DXPE) last released its quarterly earnings data on Thursday, March 6th. The industrial products company reported $1.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.49. The business had revenue of $470.91 million during the quarter, compared to analyst estimates of $447.00 million. DXP Enterprises had a net margin of 3.75% and a return on equity of 18.74%. As a group, sell-side analysts expect that DXP Enterprises will post 4.07 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Kent Nee Hung Yee sold 3,457 shares of the business’s stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $88.43, for a total value of $305,702.51. Following the completion of the transaction, the chief financial officer now 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CMO Paz Maestas sold 4,328 shares of the firm’s stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $89.04, for a total transaction of $385,365.12. Following the completion of the sale, the chief marketing officer now owns 613,039 shares in the company, valued at $54,584,992.56. This represents a 0.70 % 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 over the last 90 days. Insiders own 22.40% of the company’s stock.

Hedge Funds Weigh In On DXP Enterprises

Hedge funds and other institutional investors have recently bought and sold shares of the business. Global Retirement Partners LLC increased its holdings in DXP Enterprises by 2,220.0% in the fourth quarter. Global Retirement Partners LLC now owns 348 shares of the industrial products company’s stock valued at $29,000 after buying an additional 333 shares in the last quarter. Quantbot Technologies LP purchased a new stake in DXP Enterprises in the 3rd quarter valued at about $41,000. Smartleaf Asset Management LLC increased its holdings in DXP Enterprises by 3,150.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 520 shares of the industrial products company’s stock valued at $43,000 after purchasing an additional 504 shares during the last quarter. Lazard Asset Management LLC purchased a new stake in shares of DXP Enterprises in the 4th quarter valued at $159,000. Finally, Hsbc Holdings PLC acquired a new stake in shares of DXP Enterprises during the fourth quarter worth about $208,000. 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).