DXP Enterprises (NASDAQ:DXPE) Sets New 1-Year High - What's Next?

DXP Enterprises, Inc. (NASDAQ:DXPE - Get Free Report) shares reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $87.30 and last traded at $87.30, with a volume of 2332 shares changing hands. The stock had previously closed at $84.75.

Analyst Ratings Changes

Several research firms have weighed in on DXPE. StockNews.com cut DXP Enterprises from a "buy" rating to a "hold" rating in a research note on Friday, December 20th. Stephens increased their price objective on shares of DXP Enterprises from $65.00 to $75.00 and gave the company an "overweight" rating in a research note on Thursday, November 7th.

DXP Enterprises Stock Up 7.4 %

The stock's 50-day moving average price is $75.97 and its two-hundred day moving average price is $59.22. The stock has a market capitalization of $1.43 billion, a P/E ratio of 23.45 and a beta of 1.67. The company has a current ratio of 2.22, a quick ratio of 1.78 and a debt-to-equity ratio of 1.29.

DXP Enterprises (NASDAQ:DXPE - Get Free Report) last posted its quarterly earnings data on Monday, November 4th. The industrial products company reported $1.43 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.95 by $0.48. The firm had revenue of $472.94 million during the quarter. DXP Enterprises had a return on equity of 18.74% and a net margin of 3.75%. During the same quarter in the previous year, the company posted $0.93 earnings per share. As a group, research analysts expect that DXP Enterprises, Inc. will post 4.07 earnings per share for the current fiscal year.

Insider Buying and Selling at DXP Enterprises

In other news, insider Christopher T. Gregory sold 1,000 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $73.10, for a total transaction of $73,100.00. Following the completion of the transaction, the insider now directly owns 29,606 shares in the company, valued at approximately $2,164,198.60. This represents a 3.27 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 22.40% of the company's stock.

Institutional Trading of DXP Enterprises

A number of large investors have recently made changes to their positions in DXPE. Quantbot Technologies LP purchased a new position in shares of DXP Enterprises during the third quarter worth $41,000. Quest Partners LLC increased its holdings in shares of DXP Enterprises by 24.8% during the 2nd quarter. Quest Partners LLC now owns 2,109 shares of the industrial products company's stock worth $97,000 after buying an additional 419 shares during the last quarter. SG Americas Securities LLC purchased a new stake in DXP Enterprises in the third quarter valued at $197,000. Jane Street Group LLC lifted its stake in shares of DXP Enterprises by 9.6% in the 3rd quarter. Jane Street Group LLC now owns 5,915 shares of the industrial products company's stock valued at $316,000 after purchasing an additional 517 shares during the last quarter. Finally, WINTON GROUP Ltd purchased a new stake in shares of DXP Enterprises in the 2nd quarter valued at approximately $437,000. 74.82% of the stock is owned by hedge funds and other institutional investors.

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).