StockNews.com Lowers DXP Enterprises (NASDAQ:DXPE) to Buy

StockNews.com lowered shares of DXP Enterprises (NASDAQ:DXPEFree Report) from a strong-buy rating to a buy rating in a research report report published on Friday.

Separately, TheStreet raised shares of DXP Enterprises from a c+ rating to a b- rating in a report on Thursday, March 14th.

Check Out Our Latest Stock Report on DXP Enterprises

DXP Enterprises Stock Down 2.9 %

Shares of DXPE opened at $50.51 on Friday. DXP Enterprises has a 12 month low of $27.97 and a 12 month high of $57.38. The stock has a market cap of $804.62 million, a price-to-earnings ratio of 14.03 and a beta of 1.72. The company has a 50-day moving average price of $50.89 and a two-hundred day moving average price of $39.14. The company has a quick ratio of 2.22, a current ratio of 2.69 and a debt-to-equity ratio of 1.39.

DXP Enterprises (NASDAQ:DXPEGet Free Report) last announced its quarterly earnings results on Thursday, March 7th. The industrial products company reported $1.12 EPS for the quarter. The business had revenue of $407.04 million for the quarter. DXP Enterprises had a return on equity of 17.93% and a net margin of 3.75%. During the same period in the prior year, the firm earned $0.50 EPS. Equities analysts predict that DXP Enterprises will post 3.57 EPS for the current fiscal year.

Insider Activity at DXP Enterprises

In related news, CMO Paz Maestas sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $49.14, for a total value of $491,400.00. Following the completion of the sale, the chief marketing officer now 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 accessible through the SEC website. 22.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in DXPE. DekaBank Deutsche Girozentrale bought a new position in DXP Enterprises during the third quarter worth about $32,000. Quest Partners LLC acquired a new stake in DXP Enterprises in the 4th quarter valued at approximately $80,000. Maryland State Retirement & Pension System bought a new position in shares of DXP Enterprises during the 1st quarter worth approximately $244,000. Quantbot Technologies LP boosted its holdings in DXP Enterprises by 110.5% during the first quarter. Quantbot Technologies LP now owns 5,222 shares of the industrial products company’s stock worth $281,000 after purchasing an additional 2,741 shares during the last quarter. Finally, Everence Capital Management Inc. acquired a new stake in DXP Enterprises in the 1st quarter valued at $293,000. Institutional investors and hedge funds own 74.82% of the company’s stock.

DXP Enterprises Company Profile

(Get Free Report)

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).

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