DXP Enterprises (NASDAQ:DXPE) Earns Strong-Buy Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of DXP Enterprises (NASDAQ:DXPE – Get Rating) in a research report sent to investors on Thursday morning. The brokerage issued a strong-buy rating on the industrial products company’s stock.

DXP Enterprises Stock Down 2.5 %

NASDAQ:DXPE opened at $25.45 on Thursday. The firm has a market capitalization of $477.44 million, a PE ratio of 12.06 and a beta of 1.86. The stock has a 50 day moving average of $29.36 and a 200-day moving average of $27.46. DXP Enterprises has a 52 week low of $22.09 and a 52 week high of $34.74. The company has a current ratio of 1.93, a quick ratio of 1.40 and a debt-to-equity ratio of 0.81.

Insider Buying and Selling

In related news, CEO David R. Little sold 20,000 shares of the stock in a transaction that occurred on Tuesday, December 27th. The stock was sold at an average price of $28.05, for a total value of $561,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,349,128 shares of the company’s stock, valued at approximately $37,843,040.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO David R. Little sold 20,000 shares of the stock in a transaction that occurred on Tuesday, December 27th. The stock was sold at an average price of $28.05, for a total value of $561,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,349,128 shares of the company’s stock, valued at approximately $37,843,040.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP David C. Vinson sold 3,557 shares of the stock in a transaction that occurred on Tuesday, December 27th. The stock was sold at an average price of $27.71, for a total value of $98,564.47. Following the completion of the transaction, the vice president now directly owns 6,275 shares of the company’s stock, valued at $173,880.25. The disclosure for this sale can be found here. Insiders sold 27,757 shares of company stock valued at $775,736 in the last three months. 7.70% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On DXP Enterprises

A number of institutional investors have recently added to or reduced their stakes in the company. Alliancebernstein L.P. acquired a new stake in DXP Enterprises in the fourth quarter worth approximately $247,000. Lazard Asset Management LLC acquired a new stake in DXP Enterprises in the fourth quarter worth approximately $92,000. B. Riley Asset Management LLC lifted its position in DXP Enterprises by 4.2% in the fourth quarter. B. Riley Asset Management LLC now owns 111,997 shares of the industrial products company’s stock worth $3,086,000 after purchasing an additional 4,520 shares during the period. Legal & General Group Plc lifted its position in DXP Enterprises by 2.5% in the fourth quarter. Legal & General Group Plc now owns 37,808 shares of the industrial products company’s stock worth $1,042,000 after purchasing an additional 940 shares during the period. Finally, Morgan Stanley lifted its position in DXP Enterprises by 1.9% in the fourth quarter. Morgan Stanley now owns 101,809 shares of the industrial products company’s stock worth $2,805,000 after purchasing an additional 1,874 shares during the period. 71.11% of the stock is currently owned by institutional investors and hedge funds.

DXP Enterprises Company Profile

(Get Rating)

DXP Enterprises, Inc engages in the provision of distribution solutions. It operates through the following segments: Service Centers, Supply Chain Services, and Innovative Pumping Solutions. The Service Centers segment focuses on maintenance, repair, and operations (MRO) products in the rotating equipment, bearing, power transmission, hose, fluid power, metal working, industrial supply, safety products, and safety services categories.