DXP Enterprises (NASDAQ:DXPE) Reaches New 12-Month High at $54.51

DXP Enterprises, Inc. (NASDAQ:DXPE)’s stock price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $54.51 and last traded at $54.51, with a volume of 27318 shares traded. The stock had previously closed at $53.91.

Analyst Upgrades and Downgrades

DXPE has been the subject of several recent analyst reports. TheStreet raised DXP Enterprises from a “c+” rating to a “b-” rating in a research note on Thursday, March 14th. StockNews.com raised DXP Enterprises from a “buy” rating to a “strong-buy” rating in a research note on Thursday, December 14th.

DXP Enterprises Stock Performance

The company has a debt-to-equity ratio of 1.37, a current ratio of 2.89 and a quick ratio of 2.43. The firm has a market cap of $869.35 million, a price-to-earnings ratio of 13.85 and a beta of 1.67. The company has a fifty day moving average price of $38.41 and a two-hundred day moving average price of $34.94.

DXP Enterprises (NASDAQ:DXPE) last announced its quarterly earnings data on Thursday, March 7th. The industrial products company reported $1.12 earnings per share for the quarter. The business had revenue of $407.04 million during the quarter. DXP Enterprises had a return on equity of 19.30% and a net margin of 4.10%. During the same quarter last year, the company earned $0.50 EPS. As a group, equities research analysts expect that DXP Enterprises, Inc. will post 3.16 EPS for the current year.

Insider Activity

In other news, CMO Paz Maestas sold 10,000 shares of the company’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $49.14, for a total transaction of $491,400.00. Following the completion of the sale, the chief marketing officer now directly owns 621,723 shares of the company’s stock, valued at $30,551,468.22. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 22.10% of the company’s stock.

Institutional Investors Weigh In On DXP Enterprises

Several hedge funds have recently bought and sold shares of the business. Barclays PLC lifted its stake in DXP Enterprises by 5.8% in the 1st quarter. Barclays PLC now owns 7,912 shares of the industrial products company’s stock worth $213,000 after acquiring an additional 432 shares in the last quarter. Lazard Asset Management LLC lifted its stake in DXP Enterprises by 117.7% in the 3rd quarter. Lazard Asset Management LLC now owns 910 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 492 shares in the last quarter. Public Employees Retirement System of Ohio lifted its stake in DXP Enterprises by 51.0% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 1,616 shares of the industrial products company’s stock worth $38,000 after acquiring an additional 546 shares in the last quarter. Captrust Financial Advisors lifted its stake in DXP Enterprises by 67.8% in the 1st quarter. Captrust Financial Advisors now owns 1,606 shares of the industrial products company’s stock worth $44,000 after acquiring an additional 649 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its position in DXP Enterprises by 216.7% in the 1st quarter. Tower Research Capital LLC TRC now owns 1,197 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 819 shares during the last quarter. 74.82% of the stock is owned by hedge funds and other institutional investors.

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).