Shares of DXP Enterprises Inc (NASDAQ:DXPE) have been assigned an average rating of “Hold” from the seven analysts that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $39.50.
A number of research firms recently weighed in on DXPE. Sidoti reiterated a “buy” rating and issued a $49.00 price objective (up from $47.00) on shares of DXP Enterprises in a research report on Wednesday, May 17th. KeyCorp reissued a “sector weight” rating on shares of DXP Enterprises in a report on Friday, May 26th. BidaskClub raised DXP Enterprises from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Finally, Zacks Investment Research downgraded DXP Enterprises from a “buy” rating to a “hold” rating in a report on Monday, July 17th.
In related news, insider Kent Nee Hung Yee sold 4,000 shares of the business’s stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $37.63, for a total value of $150,520.00. Following the completion of the transaction, the insider now owns 40,278 shares of the company’s stock, valued at approximately $1,515,661.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP David C. Vinson sold 3,000 shares of the business’s stock in a transaction dated Thursday, May 18th. The shares were sold at an average price of $39.12, for a total transaction of $117,360.00. Following the completion of the transaction, the vice president now directly owns 6,681 shares of the company’s stock, valued at approximately $261,360.72. The disclosure for this sale can be found here. Insiders own 11.30% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Hood River Capital Management LLC purchased a new position in shares of DXP Enterprises during the first quarter valued at $8,108,000. Norges Bank acquired a new stake in DXP Enterprises during the fourth quarter valued at approximately $4,892,000. Dimensional Fund Advisors LP boosted its stake in DXP Enterprises by 26.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 616,128 shares of the industrial products company’s stock valued at $21,404,000 after buying an additional 127,241 shares during the period. Hennessy Advisors Inc. acquired a new stake in DXP Enterprises during the first quarter valued at approximately $3,961,000. Finally, JPMorgan Chase & Co. boosted its stake in DXP Enterprises by 15.6% in the first quarter. JPMorgan Chase & Co. now owns 551,083 shares of the industrial products company’s stock valued at $20,869,000 after buying an additional 74,262 shares during the period. 73.77% of the stock is owned by hedge funds and other institutional investors.
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DXP Enterprises (NASDAQ DXPE) traded up 1.43% during trading on Monday, reaching $26.87. 76,659 shares of the company traded hands. The company has a market capitalization of $467.56 million, a P/E ratio of 31.24 and a beta of 2.63. The firm has a 50-day moving average price of $32.15 and a 200-day moving average price of $35.02. DXP Enterprises has a 52 week low of $19.61 and a 52 week high of $42.00.
DXP Enterprises (NASDAQ:DXPE) last posted its quarterly earnings data on Tuesday, July 25th. The industrial products company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.01. DXP Enterprises had a net margin of 1.58% and a return on equity of 6.47%. The firm had revenue of $250.69 million for the quarter, compared to analyst estimates of $246.15 million. During the same period last year, the firm posted $0.34 EPS. DXP Enterprises’s quarterly revenue was down 2.2% on a year-over-year basis. Analysts forecast that DXP Enterprises will post $0.78 earnings per share for the current fiscal year.
DXP Enterprises Company Profile
DXP Enterprises, Inc (DXP) is engaged in the business of distributing maintenance, repair and operating (MRO) products, equipment and service to industrial customers. The Company operates through three segments: Service Centers, Supply Chain Services and Innovative Pumping Solutions. The Service Centers segment provides MRO products, equipment and services, including technical expertise and logistics capabilities to industrial customers.
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