DXP Enterprises (NASDAQ:DXPE) Sets New 52-Week High – What’s Next?

DXP Enterprises, Inc. (NASDAQ:DXPE)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as $105.94 and last traded at $102.56, with a volume of 369673 shares traded. The stock had previously closed at $102.67.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Stephens upped their price target on shares of DXP Enterprises from $65.00 to $75.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. StockNews.com downgraded DXP Enterprises from a “buy” rating to a “hold” rating in a report on Friday, December 20th.

DXP Enterprises Stock Performance

The company has a current ratio of 2.22, a quick ratio of 1.78 and a debt-to-equity ratio of 1.29. The firm’s 50-day simple moving average is $79.94 and its two-hundred day simple moving average is $61.66. The company has a market cap of $1.61 billion, a PE ratio of 26.43 and a beta of 1.67.

DXP Enterprises (NASDAQ:DXPE) last released its quarterly earnings data on Monday, November 4th. The industrial products company reported $1.43 EPS for the quarter, beating the consensus estimate of $0.95 by $0.48. The business had revenue of $472.94 million for the quarter. DXP Enterprises had a net margin of 3.75% and a return on equity of 18.74%. During the same period last year, the company earned $0.93 earnings per share. As a group, research analysts anticipate that DXP Enterprises, Inc. will post 4.07 earnings per share for the current fiscal year.

Insider Buying and Selling at DXP Enterprises

In other news, insider Christopher T. Gregory sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $73.10, for a total transaction of $73,100.00. Following the transaction, the insider now directly owns 29,606 shares in the company, valued at $2,164,198.60. The trade was a 3.27 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 22.40% of the stock is owned by corporate insiders.

Institutional Trading of DXP Enterprises

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Quantbot Technologies LP acquired a new position in DXP Enterprises during the 3rd quarter worth $41,000. SG Americas Securities LLC acquired a new position in shares of DXP Enterprises during the third quarter worth about $197,000. Jane Street Group LLC increased its stake in shares of DXP Enterprises by 9.6% during the third quarter. Jane Street Group LLC now owns 5,915 shares of the industrial products company’s stock worth $316,000 after buying an additional 517 shares during the period. Federated Hermes Inc. raised its holdings in DXP Enterprises by 8.8% in the second quarter. Federated Hermes Inc. now owns 10,962 shares of the industrial products company’s stock valued at $502,000 after acquiring an additional 888 shares in the last quarter. Finally, CWA Asset Management Group LLC purchased a new position in DXP Enterprises in the third quarter worth approximately $1,107,000. 74.82% of the stock is owned by institutional investors and hedge funds.

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).