Shares of DXP Enterprises, Inc. (NASDAQ:DXPE – Get Free Report) have been assigned a consensus rating of “Moderate Buy” from the five ratings firms that are currently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $187.00.
Several analysts have weighed in on DXPE shares. Weiss Ratings raised DXP Enterprises from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, August 6th. Wall Street Zen raised DXP Enterprises from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Zacks Research lowered DXP Enterprises from a “strong-buy” rating to a “hold” rating in a report on Monday, May 11th. Stephens lifted their price objective on shares of DXP Enterprises from $160.00 to $220.00 and gave the company an “overweight” rating in a research note on Friday, August 7th. Finally, Freedom Capital downgraded shares of DXP Enterprises from a “strong-buy” rating to a “hold” rating in a report on Monday, May 11th.
Check Out Our Latest Report on DXP Enterprises
DXP Enterprises Price Performance
DXP Enterprises (NASDAQ:DXPE – Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The industrial products company reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.59 by $0.17. DXP Enterprises had a return on equity of 18.51% and a net margin of 4.35%.The business had revenue of $576.46 million during the quarter, compared to the consensus estimate of $543.00 million.
Insider Activity
In other news, CMO Paz Maestas sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $164.37, for a total value of $1,643,700.00. Following the completion of the sale, the chief marketing officer directly owned 590,262 shares of the company’s stock, valued at approximately $97,021,364.94. This represents a 1.67% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Timothy P. Halter sold 6,842 shares of the stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $141.59, for a total transaction of $968,758.78. Following the completion of the transaction, the director owned 30,000 shares of the company’s stock, valued at $4,247,700. This trade represents a 18.57% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 22.00% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On DXP Enterprises
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. ProShare Advisors LLC boosted its stake in DXP Enterprises by 3.4% during the 4th quarter. ProShare Advisors LLC now owns 2,527 shares of the industrial products company’s stock valued at $277,000 after purchasing an additional 82 shares in the last quarter. CANADA LIFE ASSURANCE Co raised its stake in shares of DXP Enterprises by 0.9% in the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 10,857 shares of the industrial products company’s stock worth $950,000 after buying an additional 100 shares in the last quarter. Private Advisor Group LLC raised its stake in shares of DXP Enterprises by 1.2% in the 3rd quarter. Private Advisor Group LLC now owns 10,247 shares of the industrial products company’s stock worth $1,220,000 after buying an additional 122 shares in the last quarter. Franklin Resources Inc. lifted its holdings in shares of DXP Enterprises by 2.0% in the third quarter. Franklin Resources Inc. now owns 9,228 shares of the industrial products company’s stock valued at $1,099,000 after buying an additional 185 shares during the period. Finally, Sanctuary Advisors LLC lifted its holdings in shares of DXP Enterprises by 9.7% in the first quarter. Sanctuary Advisors LLC now owns 3,134 shares of the industrial products company’s stock valued at $438,000 after buying an additional 276 shares during the period. Institutional investors own 74.82% of the company’s stock.
DXP Enterprises Company Profile
DXP Enterprises, Inc is a Houston, Texas–based industrial products and services distributor serving customers across North America. The company provides a broad portfolio of maintenance, repair and operations (MRO) supplies, including fluid power components, safety products, mechanical power transmission parts, and instrumentation. DXP’s product offering spans well-recognized private brands as well as equipment and parts from leading global manufacturers, enabling clients in energy, heavy industrial and manufacturing sectors to source critical components from a single supplier.
Through its network of service centers and specialized repair facilities, DXP delivers inventory management programs, turnkey fluid power rebuilds and custom assembly solutions.
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