DXP Enterprises, Inc. (NASDAQ:DXPE - Get Free Report)'s share price traded down 9.5% during mid-day trading on Thursday . The stock traded as low as $94.41 and last traded at $93.17. 69,039 shares were traded during mid-day trading, a decline of 75% from the average session volume of 279,410 shares. The stock had previously closed at $102.91.
Wall Street Analyst Weigh In
Several research analysts have issued reports on the stock. StockNews.com lowered shares of DXP Enterprises from a "buy" rating to a "hold" rating in a research report on Friday, December 20th. Stephens lifted their price target on shares of DXP Enterprises from $65.00 to $75.00 and gave the stock an "overweight" rating in a research report on Thursday, November 7th.
Get Our Latest Stock Analysis on DXP Enterprises
DXP Enterprises Stock Performance
The company's 50-day simple moving average is $93.13 and its 200-day simple moving average is $69.80. The company has a quick ratio of 1.78, a current ratio of 2.22 and a debt-to-equity ratio of 1.29. The stock has a market cap of $1.41 billion, a price-to-earnings ratio of 23.17 and a beta of 1.67.
Insider Buying and Selling
In related news, insider Christopher T. Gregory sold 1,000 shares of the firm's stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $73.10, for a total value of $73,100.00. Following the completion of the transaction, the insider now owns 29,606 shares of the company's stock, valued at approximately $2,164,198.60. This trade represents a 3.27 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 22.40% of the company's stock.
Institutional Investors Weigh In On DXP Enterprises
Institutional investors have recently modified their holdings of the stock. Global Retirement Partners LLC boosted its stake in shares of DXP Enterprises by 2,220.0% during the 4th quarter. Global Retirement Partners LLC now owns 348 shares of the industrial products company's stock valued at $29,000 after buying an additional 333 shares during the period. Quantbot Technologies LP acquired a new stake in shares of DXP Enterprises during the 3rd quarter valued at $41,000. Smartleaf Asset Management LLC boosted its stake in shares of DXP Enterprises by 3,150.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 520 shares of the industrial products company's stock valued at $43,000 after buying an additional 504 shares during the period. Lazard Asset Management LLC acquired a new stake in shares of DXP Enterprises during the 4th quarter valued at $159,000. Finally, Hsbc Holdings PLC acquired a new stake in shares of DXP Enterprises during the 4th quarter valued at $208,000. Institutional investors and hedge funds own 74.82% of the company's stock.
About DXP Enterprises
(
Get Free Report)
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).
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