DXP Enterprises (NASDAQ:DXPE) Raised to Buy at StockNews.com

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

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

DXP Enterprises Stock Down 5.4 %

Shares of DXP Enterprises stock traded down $4.17 on Wednesday, hitting $73.45. The company had a trading volume of 167,452 shares, compared to its average volume of 158,645. DXP Enterprises has a twelve month low of $43.25 and a twelve month high of $107.06. The company has a debt-to-equity ratio of 1.29, a current ratio of 2.22 and a quick ratio of 1.78. The stock has a 50-day moving average of $90.80 and a 200-day moving average of $77.49. The firm has a market capitalization of $1.15 billion, a P/E ratio of 18.93 and a beta of 1.29.

DXP Enterprises (NASDAQ:DXPE - Get Free Report) last announced its earnings results on Thursday, March 6th. The industrial products company reported $1.38 earnings per share for the quarter, topping analysts' consensus estimates of $0.89 by $0.49. DXP Enterprises had a net margin of 3.75% and a return on equity of 18.74%. The firm had revenue of $470.91 million during the quarter, compared to analyst estimates of $447.00 million. Research analysts predict that DXP Enterprises will post 4.07 earnings per share for the current year.

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Insider Buying and Selling

In other DXP Enterprises news, CEO David R. Little acquired 5,999 shares of DXP Enterprises stock in a transaction dated Wednesday, March 26th. The stock was bought at an average cost of $82.70 per share, for a total transaction of $496,117.30. Following the purchase, the chief executive officer now directly owns 1,257,593 shares in the company, valued at approximately $104,002,941.10. This represents a 0.48 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Kent Nee Hung Yee sold 3,457 shares of the firm's stock in a transaction dated 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 position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,785 shares of company stock worth $1,139,818. 22.40% of the stock is owned by insiders.

Institutional Investors Weigh In On DXP Enterprises

Institutional investors and hedge funds have recently made changes to their positions in the stock. Wellington Management Group LLP bought a new position in shares of DXP Enterprises in the fourth quarter valued at $67,901,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of DXP Enterprises by 14.9% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 33,293 shares of the industrial products company's stock valued at $2,751,000 after acquiring an additional 4,321 shares during the period. State of Wyoming increased its stake in shares of DXP Enterprises by 21.9% during the 4th quarter. State of Wyoming now owns 8,724 shares of the industrial products company's stock worth $721,000 after purchasing an additional 1,569 shares during the last quarter. ProShare Advisors LLC acquired a new position in shares of DXP Enterprises during the 4th quarter worth about $311,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of DXP Enterprises by 5.7% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 720,320 shares of the industrial products company's stock valued at $59,513,000 after purchasing an additional 38,900 shares during the period. Institutional investors 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).