DXP Enterprises (NASDAQ:DXPE) Stock Price Passes Above 200 Day Moving Average - Time to Sell?

Shares of DXP Enterprises, Inc. (NASDAQ:DXPE - Get Free Report) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $64.14 and traded as high as $102.55. DXP Enterprises shares last traded at $102.13, with a volume of 215,015 shares.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Stephens lifted their price target on DXP Enterprises from $65.00 to $75.00 and gave the stock an "overweight" rating in a research note on Thursday, November 7th. StockNews.com lowered DXP Enterprises from a "buy" rating to a "hold" rating in a research note on Friday, December 20th.

DXP Enterprises Stock Performance

The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.78 and a current ratio of 2.22. The business has a 50 day moving average price of $84.72 and a two-hundred day moving average price of $64.41. The company has a market cap of $1.62 billion, a P/E ratio of 26.56 and a beta of 1.67.

DXP Enterprises (NASDAQ:DXPE - Get Free Report) last released its earnings results on Monday, November 4th. The industrial products company reported $1.43 earnings per share for the quarter, beating analysts' consensus estimates of $0.95 by $0.48. DXP Enterprises had a return on equity of 18.74% and a net margin of 3.75%. The company had revenue of $472.94 million during the quarter. During the same period last year, the firm posted $0.93 EPS. On average, sell-side analysts anticipate that DXP Enterprises, Inc. will post 4.07 earnings per share for the current year.

Insider Activity

In other DXP Enterprises news, insider Christopher T. Gregory sold 1,000 shares of the company's 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 owns 29,606 shares of the company's stock, valued at $2,164,198.60. This represents a 3.27 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 22.40% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Quantbot Technologies LP purchased a new position in shares of DXP Enterprises during the 3rd quarter worth approximately $41,000. SG Americas Securities LLC purchased a new position in shares of DXP Enterprises during the 3rd quarter worth approximately $197,000. Longboard Asset Management LP purchased a new position in shares of DXP Enterprises during the 4th quarter worth approximately $216,000. Savant Capital LLC purchased a new position in shares of DXP Enterprises during the 4th quarter worth approximately $230,000. Finally, Jane Street Group LLC grew its holdings in shares of DXP Enterprises by 9.6% during the 3rd quarter. Jane Street Group LLC now owns 5,915 shares of the industrial products company's stock worth $316,000 after acquiring an additional 517 shares during the period. Institutional investors own 74.82% of the company's stock.

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).