DXP Enterprises (NASDAQ:DXPE) Price Target Raised to $95.00 at Stephens

DXP Enterprises (NASDAQ:DXPE) had its price target hoisted by Stephens from $75.00 to $95.00 in a research note issued to investors on Monday,Benzinga reports. The firm presently has an “overweight” rating on the industrial products company’s stock. Stephens’ price target suggests a potential upside of 23.88% from the company’s current price.

Separately, StockNews.com downgraded shares of DXP Enterprises from a “buy” rating to a “hold” rating in a research note on Friday, December 20th.

DXP Enterprises Trading Down 2.5 %

DXPE stock traded down $2.01 during trading on Monday, reaching $76.69. 52,305 shares of the stock traded hands, compared to its average volume of 151,280. The business’s 50 day moving average price is $94.36 and its 200-day moving average price is $72.96. The firm has a market capitalization of $1.20 billion, a PE ratio of 19.69 and a beta of 1.66. The company has a debt-to-equity ratio of 1.29, a current ratio of 2.22 and a quick ratio of 1.78. DXP Enterprises has a 52-week low of $43.25 and a 52-week high of $107.06.

DXP Enterprises (NASDAQ:DXPE) last released its quarterly earnings data on Thursday, March 6th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.49. The company had revenue of $470.91 million during the quarter, compared to analyst estimates of $447.00 million. DXP Enterprises had a net margin of 3.75% and a return on equity of 18.74%. As a group, sell-side analysts forecast that DXP Enterprises will post 4.07 earnings per share for the current year.

Institutional Trading of DXP Enterprises

Several institutional investors have recently added to or reduced their stakes in the business. Wellington Management Group LLP bought a new position in shares of DXP Enterprises during the fourth quarter valued at approximately $67,901,000. Arrowstreet Capital Limited Partnership grew its stake in DXP Enterprises by 2,589.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 149,349 shares of the industrial products company’s stock worth $12,339,000 after buying an additional 143,795 shares during the last quarter. FMR LLC increased its position in DXP Enterprises by 21.8% in the third quarter. FMR LLC now owns 776,950 shares of the industrial products company’s stock worth $41,458,000 after buying an additional 139,027 shares during the period. JPMorgan Chase & Co. lifted its stake in DXP Enterprises by 193.3% in the third quarter. JPMorgan Chase & Co. now owns 98,044 shares of the industrial products company’s stock valued at $5,232,000 after buying an additional 64,611 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC acquired a new position in shares of DXP Enterprises during the third quarter valued at $3,355,000. Institutional investors own 74.82% of the company’s stock.

About DXP Enterprises

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).