Shares of DXP Enterprises Inc. (NASDAQ:DXPE) have been given an average broker rating score of 3.00 (Hold) from the two brokers that provide coverage for the company, Zacks Investment Research reports. Two equities research analysts have rated the stock with a hold rating.
Zacks has also given DXP Enterprises an industry rank of 162 out of 265 based on the ratings given to related companies.
Several research analysts have recently issued reports on the company. Stephens set a $45.00 price objective on DXP Enterprises and gave the company a “buy” rating in a research note on Sunday, August 21st. Zacks Investment Research raised DXP Enterprises from a “strong sell” rating to a “hold” rating in a research note on Friday, July 15th.
Shares of DXP Enterprises (NASDAQ:DXPE) traded up 1.00% on Wednesday, reaching $29.24. The company had a trading volume of 135,841 shares. DXP Enterprises has a 1-year low of $12.67 and a 1-year high of $34.49. The stock’s market capitalization is $424.07 million. The company’s 50 day moving average price is $27.65 and its 200-day moving average price is $19.94.
DXP Enterprises (NASDAQ:DXPE) last released its quarterly earnings data on Tuesday, August 9th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.05) by $0.39. DXP Enterprises had a positive return on equity of 6.74% and a negative net margin of 5.07%. The company earned $256.22 million during the quarter, compared to the consensus estimate of $250.65 million. During the same quarter in the prior year, the firm posted $0.47 earnings per share. The firm’s revenue was down 20.8% compared to the same quarter last year. Equities analysts predict that DXP Enterprises will post $0.26 EPS for the current year.
In other news, major shareholder Gmt Capital Corp bought 172,746 shares of the firm’s stock in a transaction on Wednesday, August 3rd. The stock was acquired at an average price of $15.96 per share, with a total value of $2,757,026.16. Following the transaction, the insider now owns 1,595,545 shares of the company’s stock, valued at approximately $25,464,898.20. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, SVP John Jay Jeffery sold 1,000 shares of the stock in a transaction that occurred on Friday, September 30th. The shares were sold at an average price of $28.07, for a total transaction of $28,070.00. Following the sale, the senior vice president now directly owns 14,221 shares of the company’s stock, valued at approximately $399,183.47. The disclosure for this sale can be found here. Company insiders own 11.30% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in DXPE. Teachers Advisors Inc. increased its stake in DXP Enterprises by 1.2% in the second quarter. Teachers Advisors Inc. now owns 20,565 shares of the company’s stock worth $307,000 after buying an additional 248 shares in the last quarter. California State Teachers Retirement System boosted its position in DXP Enterprises by 1.9% in the second quarter. California State Teachers Retirement System now owns 27,160 shares of the company’s stock worth $405,000 after buying an additional 498 shares during the last quarter. Stephens Inc. AR boosted its position in DXP Enterprises by 0.8% in the second quarter. Stephens Inc. AR now owns 62,454 shares of the company’s stock worth $932,000 after buying an additional 500 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its position in DXP Enterprises by 6.7% in the second quarter. State Board of Administration of Florida Retirement System now owns 11,751 shares of the company’s stock worth $175,000 after buying an additional 741 shares during the last quarter. Finally, Rhumbline Advisers boosted its position in DXP Enterprises by 3.6% in the second quarter. Rhumbline Advisers now owns 22,468 shares of the company’s stock worth $335,000 after buying an additional 789 shares during the last quarter. 81.25% of the stock is owned by institutional investors and hedge funds.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for DXP Enterprises Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DXP Enterprises Inc. and related companies with MarketBeat.com's FREE daily email newsletter.