Wall Street Zen cut shares of DXP Enterprises (NASDAQ:DXPE – Free Report) from a strong-buy rating to a buy rating in a research report sent to investors on Sunday morning,Wall Street Zen reports.
A number of other research analysts also recently weighed in on the company. Weiss Ratings raised DXP Enterprises from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, September 3rd. Stephens upped their price target on shares of DXP Enterprises from $160.00 to $220.00 and gave the company an “overweight” rating in a report on Friday, August 7th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $187.00.
Check Out Our Latest Analysis on DXP Enterprises
DXP Enterprises Price Performance
DXP Enterprises (NASDAQ:DXPE – Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The industrial products company reported $1.76 EPS for the quarter, topping the consensus estimate of $1.59 by $0.17. The company had revenue of $576.46 million for the quarter, compared to analyst estimates of $543.00 million. DXP Enterprises had a net margin of 4.35% and a return on equity of 18.51%.
Institutional Trading of DXP Enterprises
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Royal Bank of Canada increased its holdings in shares of DXP Enterprises by 29.4% during the 1st quarter. Royal Bank of Canada now owns 5,071 shares of the industrial products company’s stock worth $417,000 after purchasing an additional 1,153 shares during the period. Millennium Management LLC lifted its stake in shares of DXP Enterprises by 661.5% in the first quarter. Millennium Management LLC now owns 128,956 shares of the industrial products company’s stock valued at $10,608,000 after buying an additional 112,021 shares during the period. Jane Street Group LLC lifted its stake in shares of DXP Enterprises by 433.8% in the first quarter. Jane Street Group LLC now owns 58,954 shares of the industrial products company’s stock valued at $4,850,000 after buying an additional 47,909 shares during the period. JPMorgan Chase & Co. grew its position in DXP Enterprises by 9.5% during the second quarter. JPMorgan Chase & Co. now owns 67,018 shares of the industrial products company’s stock worth $5,874,000 after buying an additional 5,820 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its position in DXP Enterprises by 19.3% during the second quarter. Russell Investments Group Ltd. now owns 4,699 shares of the industrial products company’s stock worth $412,000 after buying an additional 761 shares in the last quarter. 74.82% of the stock is currently owned by institutional investors and hedge funds.
DXP Enterprises Company Profile
DXP Enterprises, Inc is an industrial distribution and services company that provides products and technical support to customers in a range of manufacturing, energy, mining, municipal water and wastewater, and other industrial markets. The company helps customers maintain and improve plant operations by supplying equipment, replacement parts, and related services.
Its offerings include rotating equipment such as pumps, compressors, and motors; power-transmission products; industrial bearings; hose and fluid-handling products; safety supplies; and other maintenance, repair, operating and production (MROP) products.
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