DXP Enterprises (DXPE) PT Set at $48.00 by Stephens

Stephens set a $48.00 price objective on DXP Enterprises (NASDAQ:DXPE) in a research note issued to investors on Wednesday morning. The firm currently has a buy rating on the industrial products company’s stock.

A number of other equities research analysts have also weighed in on the stock. Zacks Investment Research lowered shares of DXP Enterprises from a buy rating to a hold rating in a research note on Tuesday, March 20th. BidaskClub lowered shares of DXP Enterprises from a strong-buy rating to a buy rating in a research note on Saturday, February 3rd. Three analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. DXP Enterprises has an average rating of Buy and a consensus target price of $48.33.

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Shares of DXPE stock opened at $39.29 on Wednesday. The firm has a market cap of $721.41, a price-to-earnings ratio of 42.71 and a beta of 2.64. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.79 and a current ratio of 2.51. DXP Enterprises has a 12 month low of $24.86 and a 12 month high of $43.21.

In other DXP Enterprises news, VP Todd Hamlin sold 2,500 shares of the business’s stock in a transaction on Friday, December 29th. The shares were sold at an average price of $29.68, for a total transaction of $74,200.00. Following the completion of the sale, the vice president now directly owns 23,446 shares in the company, valued at approximately $695,877.28. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO David R. Little sold 13,500 shares of the business’s stock in a transaction on Wednesday, December 27th. The shares were sold at an average price of $29.50, for a total transaction of $398,250.00. Following the sale, the chief executive officer now owns 1,368,214 shares of the company’s stock, valued at $40,362,313. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 32,000 shares of company stock valued at $944,900. Company insiders own 11.30% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. BlackRock Inc. grew its position in shares of DXP Enterprises by 0.7% during the 4th quarter. BlackRock Inc. now owns 1,994,404 shares of the industrial products company’s stock valued at $58,976,000 after acquiring an additional 13,861 shares during the period. Frontier Capital Management Co. LLC grew its position in shares of DXP Enterprises by 7.6% during the 4th quarter. Frontier Capital Management Co. LLC now owns 1,089,679 shares of the industrial products company’s stock valued at $32,222,000 after acquiring an additional 77,365 shares during the period. Dimensional Fund Advisors LP grew its position in shares of DXP Enterprises by 10.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 921,040 shares of the industrial products company’s stock valued at $29,004,000 after acquiring an additional 89,735 shares during the period. American Century Companies Inc. grew its position in shares of DXP Enterprises by 28.7% during the 4th quarter. American Century Companies Inc. now owns 721,452 shares of the industrial products company’s stock valued at $21,333,000 after acquiring an additional 160,811 shares during the period. Finally, Hood River Capital Management LLC grew its position in shares of DXP Enterprises by 40.7% during the 4th quarter. Hood River Capital Management LLC now owns 492,847 shares of the industrial products company’s stock valued at $14,573,000 after acquiring an additional 142,630 shares during the period. 75.80% of the stock is owned by hedge funds and other institutional investors.

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DXP Enterprises Company Profile

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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