DXP Enterprises (NASDAQ:DXPE) Cut to Hold at Wall Street Zen

Wall Street Zen downgraded shares of DXP Enterprises (NASDAQ:DXPE) from a buy rating to a hold rating in a report published on Saturday.

Other equities research analysts have also recently issued research reports about the stock. Singular Research upgraded shares of DXP Enterprises to a “moderate buy” rating in a report on Tuesday, September 9th. Weiss Ratings restated a “buy (b)” rating on shares of DXP Enterprises in a research note on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $95.00.

DXP Enterprises Price Performance

DXPE opened at $86.97 on Friday. The company has a current ratio of 2.79, a quick ratio of 2.33 and a debt-to-equity ratio of 1.33. The company has a market cap of $1.36 billion, a price-to-earnings ratio of 16.60 and a beta of 1.15. The stock has a fifty day simple moving average of $115.86 and a two-hundred day simple moving average of $104.38. DXP Enterprises has a 12-month low of $67.31 and a 12-month high of $130.97.

DXP Enterprises (NASDAQ:DXPE) last released its earnings results on Thursday, November 6th. The industrial products company reported $1.34 earnings per share for the quarter, missing analysts’ consensus estimates of $1.45 by ($0.11). The business had revenue of $513.72 million during the quarter, compared to analysts’ expectations of $499.00 million. DXP Enterprises had a return on equity of 20.94% and a net margin of 4.52%. Research analysts predict that DXP Enterprises will post 4.07 earnings per share for the current fiscal year.

Insider Activity at DXP Enterprises

In other DXP Enterprises news, SVP John Jay Jeffery sold 2,000 shares of the business’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $125.43, for a total transaction of $250,860.00. Following the completion of the sale, the senior vice president directly owned 20,008 shares in the company, valued at approximately $2,509,603.44. The trade was a 9.09% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Nicholas Little sold 20,440 shares of the stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $118.53, for a total value of $2,422,753.20. Following the transaction, the chief operating officer directly owned 791,888 shares in the company, valued at $93,862,484.64. The trade was a 2.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 29,316 shares of company stock worth $3,509,654. Company insiders own 22.70% of the company’s stock.

Institutional Investors Weigh In On DXP Enterprises

A number of large investors have recently made changes to their positions in the company. HM Payson & Co. purchased a new stake in shares of DXP Enterprises during the 3rd quarter valued at about $27,000. EverSource Wealth Advisors LLC grew its position in DXP Enterprises by 3,507.7% during the second quarter. EverSource Wealth Advisors LLC now owns 469 shares of the industrial products company’s stock valued at $41,000 after buying an additional 456 shares during the period. GAMMA Investing LLC increased its holdings in DXP Enterprises by 24.3% during the second quarter. GAMMA Investing LLC now owns 634 shares of the industrial products company’s stock valued at $56,000 after buying an additional 124 shares during the last quarter. TD Waterhouse Canada Inc. bought a new position in DXP Enterprises in the third quarter worth approximately $58,000. Finally, CWM LLC boosted its stake in shares of DXP Enterprises by 32.2% during the 1st quarter. CWM LLC now owns 1,487 shares of the industrial products company’s stock worth $122,000 after acquiring an additional 362 shares during the last quarter. 74.82% of the stock is currently owned by institutional investors.

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).