DXP Enterprises (NASDAQ:DXPE) Given New $75.00 Price Target at Stephens

DXP Enterprises (NASDAQ:DXPE - Get Free Report) had its price objective upped by Stephens from $65.00 to $75.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has an "overweight" rating on the industrial products company's stock. Stephens' price target indicates a potential upside of 4.33% from the stock's current price.

DXP Enterprises Price Performance

Shares of NASDAQ DXPE traded up $6.10 during mid-day trading on Thursday, hitting $71.89. 230,330 shares of the stock were exchanged, compared to its average volume of 105,037. DXP Enterprises has a twelve month low of $28.82 and a twelve month high of $73.75. The stock's fifty day simple moving average is $52.41 and its two-hundred day simple moving average is $50.49. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.92 and a current ratio of 2.39. The company has a market cap of $1.14 billion, a P/E ratio of 18.53 and a beta of 1.60.

DXP Enterprises (NASDAQ:DXPE - Get Free Report) last released its quarterly 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. The firm had revenue of $472.94 million during the quarter. DXP Enterprises had a return on equity of 19.01% and a net margin of 3.75%. During the same period in the prior year, the business earned $0.93 earnings per share. As a group, analysts forecast that DXP Enterprises will post 3.56 EPS for the current fiscal year.

Insiders Place Their Bets

In other DXP Enterprises news, CMO Paz Maestas sold 2,000 shares of the business's stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $53.21, for a total value of $106,420.00. Following the completion of the transaction, the chief marketing officer now directly owns 617,367 shares of the company's stock, valued at approximately $32,850,098.07. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 22.40% of the company's stock.

Institutional Investors Weigh In On DXP Enterprises

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Innealta Capital LLC acquired a new stake in shares of DXP Enterprises during the 2nd quarter worth approximately $29,000. Quest Partners LLC grew its holdings in 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 acquiring an additional 419 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of 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 acquiring an additional 1,174 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of DXP Enterprises in the 3rd quarter valued at $197,000. Finally, Privium Fund Management UK Ltd bought a new position in shares of DXP Enterprises in the 2nd quarter worth $209,000. 74.82% of the stock is owned by institutional investors and hedge funds.

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).