DXP Enterprises, Inc. (NASDAQ:DXPE) Short Interest Update

DXP Enterprises, Inc. (NASDAQ:DXPE - Get Free Report) was the target of a large growth in short interest in December. As of December 15th, there was short interest totalling 693,900 shares, a growth of 7.0% from the November 30th total of 648,500 shares. Currently, 5.5% of the company's stock are short sold. Based on an average trading volume of 156,500 shares, the days-to-cover ratio is currently 4.4 days.

Insider Activity at DXP Enterprises

In other news, insider Christopher T. Gregory sold 1,000 shares of the firm's stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $73.10, for a total transaction of $73,100.00. Following the sale, the insider now owns 29,606 shares of the company's stock, valued at $2,164,198.60. This trade represents a 3.27 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 22.40% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in DXPE. Allspring Global Investments Holdings LLC boosted its holdings in DXP Enterprises by 781.0% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 7,242 shares of the industrial products company's stock worth $332,000 after buying an additional 6,420 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in DXP Enterprises by 39.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,113 shares of the industrial products company's stock valued at $189,000 after purchasing an additional 1,174 shares during the period. Privium Fund Management UK Ltd purchased a new position in DXP Enterprises in the 2nd quarter worth approximately $209,000. Acadian Asset Management LLC boosted its stake in DXP Enterprises by 5.5% in the 2nd quarter. Acadian Asset Management LLC now owns 101,058 shares of the industrial products company's stock worth $4,630,000 after purchasing an additional 5,311 shares during the period. Finally, LSV Asset Management grew its holdings in DXP Enterprises by 63.1% during the 2nd quarter. LSV Asset Management now owns 90,495 shares of the industrial products company's stock valued at $4,148,000 after buying an additional 35,011 shares in the last quarter. Institutional investors own 74.82% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on DXPE shares. StockNews.com lowered shares of DXP Enterprises from a "buy" rating to a "hold" rating in a research note on Friday, December 20th. Stephens upped their price objective on DXP Enterprises from $65.00 to $75.00 and gave the company an "overweight" rating in a research report on Thursday, November 7th.

DXP Enterprises Stock Performance

NASDAQ DXPE traded up $1.77 during trading hours on Thursday, hitting $84.39. 331,885 shares of the company's stock traded hands, compared to its average volume of 119,067. 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 has a 52 week low of $30.08 and a 52 week high of $86.50. The firm has a market capitalization of $1.32 billion, a P/E ratio of 21.75 and a beta of 1.70. The business's fifty day moving average price is $70.99 and its two-hundred day moving average price is $57.45.

DXP Enterprises (NASDAQ:DXPE - Get Free Report) last posted its quarterly earnings data on Monday, November 4th. The industrial products company reported $1.43 EPS for the quarter, topping the consensus estimate 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 last year, the company earned $0.93 earnings per share. Equities research analysts predict that DXP Enterprises will post 4.07 EPS for the current year.

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).