DXP Enterprises, Inc. (NASDAQ:DXPE) Receives Consensus Recommendation of “Moderate Buy” from Analysts

DXP Enterprises, Inc. (NASDAQ:DXPE) has been given a consensus rating of “Moderate Buy” by the five ratings firms that are covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $154.00.

A number of equities research analysts recently weighed in on the company. Freedom Capital cut DXP Enterprises from a “strong-buy” rating to a “hold” rating in a report on Monday, May 11th. Zacks Research downgraded DXP Enterprises from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 11th. Stephens reissued an “overweight” rating on shares of DXP Enterprises in a report on Friday. Weiss Ratings cut DXP Enterprises from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, July 21st. Finally, Wall Street Zen downgraded DXP Enterprises from a “buy” rating to a “hold” rating in a research note on Saturday, June 6th.

Insider Activity

In other DXP Enterprises news, Director Timothy P. Halter sold 6,842 shares of the firm’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $141.59, for a total transaction of $968,758.78. Following the completion of the transaction, the director directly owned 30,000 shares in the company, valued at approximately $4,247,700. This trade represents a 18.57% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CMO Paz Maestas sold 10,000 shares of DXP Enterprises stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $164.37, for a total transaction of $1,643,700.00. Following the transaction, the chief marketing officer owned 590,262 shares of the company’s stock, valued at approximately $97,021,364.94. The trade was a 1.67% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 22.00% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. KBC Group NV purchased a new stake in DXP Enterprises in the 1st quarter valued at approximately $51,000. EverSource Wealth Advisors LLC increased 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 worth $41,000 after buying an additional 456 shares in the last quarter. Clearstead Advisors LLC increased its position in DXP Enterprises by 164.5% during the fourth quarter. Clearstead Advisors LLC now owns 492 shares of the industrial products company’s stock worth $54,000 after buying an additional 306 shares in the last quarter. State of Wyoming acquired a new position in shares of DXP Enterprises in the fourth quarter worth $152,000. Finally, Laurel Wealth Advisors LLC acquired a new position in shares of DXP Enterprises in the fourth quarter worth $154,000. 74.82% of the stock is currently owned by institutional investors and hedge funds.

DXP Enterprises Stock Performance

NASDAQ:DXPE opened at $198.21 on Friday. The firm’s fifty day simple moving average is $164.04 and its 200-day simple moving average is $151.88. The company has a quick ratio of 2.56, a current ratio of 2.98 and a debt-to-equity ratio of 1.60. The stock has a market cap of $3.07 billion, a PE ratio of 34.90 and a beta of 0.98. DXP Enterprises has a fifty-two week low of $84.04 and a fifty-two week high of $205.72.

DXP Enterprises (NASDAQ:DXPE) last released its quarterly earnings data on Wednesday, August 5th. The industrial products company reported $1.76 EPS for the quarter, topping analysts’ consensus estimates of $1.59 by $0.17. DXP Enterprises had a net margin of 4.35% and a return on equity of 18.89%. The firm had revenue of $576.46 million for the quarter, compared to the consensus estimate of $543.00 million.

DXP Enterprises Company Profile

DXP Enterprises, Inc is a Houston, Texas–based industrial products and services distributor serving customers across North America. The company provides a broad portfolio of maintenance, repair and operations (MRO) supplies, including fluid power components, safety products, mechanical power transmission parts, and instrumentation. DXP’s product offering spans well-recognized private brands as well as equipment and parts from leading global manufacturers, enabling clients in energy, heavy industrial and manufacturing sectors to source critical components from a single supplier.

Through its network of service centers and specialized repair facilities, DXP delivers inventory management programs, turnkey fluid power rebuilds and custom assembly solutions.