DXP Enterprises Inc. (NASDAQ:DXPE) has received an average broker rating score of 3.00 (Hold) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. Two equities research analysts have rated the stock with a hold recommendation.
Zacks has also assigned DXP Enterprises an industry rank of 157 out of 265 based on the ratings given to related companies.
A number of research firms have recently commented on DXPE. Stephens set a $45.00 price objective on DXP Enterprises and gave the stock a “buy” rating in a report on Sunday, August 21st. Zacks Investment Research upgraded DXP Enterprises from a “hold” rating to a “strong-buy” rating and set a $32.00 price objective on the stock in a report on Friday, August 12th.
In related news, major shareholder Gmt Capital Corp bought 172,746 shares of the stock in a transaction dated Wednesday, August 3rd. The stock was acquired at an average price of $15.96 per share, for a total transaction of $2,757,026.16. Following the completion of the purchase, the insider now owns 1,595,545 shares in the company, valued at $25,464,898.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP John Jay Jeffery sold 1,000 shares of the stock in a transaction dated Friday, September 30th. The shares were sold at an average price of $28.07, for a total value of $28,070.00. Following the completion of the sale, the senior vice president now owns 14,221 shares of the company’s stock, valued at approximately $399,183.47. The disclosure for this sale can be found here. 11.30% of the stock is owned by insiders.
Several large investors have recently bought and sold shares of DXPE. Metropolitan Life Insurance Co. NY raised its stake in DXP Enterprises by 8.4% in the second quarter. Metropolitan Life Insurance Co. NY now owns 10,334 shares of the company’s stock worth $154,000 after buying an additional 799 shares during the period. Numeric Investors LLC raised its stake in shares of DXP Enterprises by 186.1% in the second quarter. Numeric Investors LLC now owns 99,000 shares of the company’s stock worth $1,478,000 after buying an additional 64,400 shares during the period. Schneider Capital Management Corp raised its stake in shares of DXP Enterprises by 2,731.0% in the second quarter. Schneider Capital Management Corp now owns 327,920 shares of the company’s stock worth $4,896,000 after buying an additional 316,337 shares during the period. Zacks Investment Management acquired a new stake in shares of DXP Enterprises during the second quarter worth $152,000. Finally, Pacific Global Investment Management CO raised its stake in shares of DXP Enterprises by 2.2% in the second quarter. Pacific Global Investment Management CO now owns 241,275 shares of the company’s stock worth $3,602,000 after buying an additional 5,305 shares during the period. Institutional investors and hedge funds own 81.25% of the company’s stock.
Shares of DXP Enterprises (NASDAQ:DXPE) opened at 29.13 on Wednesday. The stock’s market cap is $422.47 million. The firm has a 50-day moving average price of $27.59 and a 200-day moving average price of $20.15. DXP Enterprises has a 52 week low of $12.67 and a 52 week high of $34.49.
DXP Enterprises (NASDAQ:DXPE) last released its quarterly earnings data on Tuesday, August 9th. The company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.39. The company had revenue of $256.22 million for the quarter, compared to the consensus estimate of $250.65 million. DXP Enterprises had a positive return on equity of 6.74% and a negative net margin of 5.07%. The company’s quarterly revenue was down 20.8% compared to the same quarter last year. During the same period last year, the business posted $0.47 EPS. On average, analysts forecast that DXP Enterprises will post $0.26 earnings per share for the current fiscal year.
About DXP Enterprises
DXP Enterprises, Inc (DXP) is engaged in the business of distributing maintenance, repair and operating (MRO) products, equipment and service to industrial customers. The Company operates through three segments: Service Centers, Supply Chain Services and Innovative Pumping Solutions. The Service Centers segment provides MRO products, equipment and services, including technical expertise and logistics capabilities to industrial customers.
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