Other research analysts have also recently issued research reports about the company. BidaskClub raised DXP Enterprises from a “sell” rating to a “hold” rating in a research note on Thursday, October 24th. Zacks Investment Research cut DXP Enterprises from a “hold” rating to a “sell” rating in a research note on Wednesday. Finally, Sidoti cut DXP Enterprises from a “buy” rating to a “neutral” rating in a research note on Thursday, July 11th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $47.00.
Shares of DXPE opened at $41.00 on Wednesday. The company has a market cap of $634.22 million, a P/E ratio of 21.13, a PEG ratio of 0.86 and a beta of 2.64. The stock has a fifty day moving average price of $34.47 and a 200 day moving average price of $34.88. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.56 and a quick ratio of 1.75. DXP Enterprises has a 12 month low of $26.95 and a 12 month high of $45.66.
DXP Enterprises (NASDAQ:DXPE) last issued its quarterly earnings data on Wednesday, November 6th. The industrial products company reported $0.71 EPS for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.10. DXP Enterprises had a return on equity of 12.86% and a net margin of 3.19%. The firm had revenue of $327.18 million during the quarter, compared to the consensus estimate of $323.44 million. During the same period in the prior year, the business earned $0.46 EPS. The firm’s revenue was up 6.2% on a year-over-year basis. As a group, research analysts anticipate that DXP Enterprises will post 2.39 earnings per share for the current year.
Several large investors have recently added to or reduced their stakes in DXPE. Nuveen Asset Management LLC bought a new position in shares of DXP Enterprises in the second quarter worth $8,671,000. Wells Fargo & Company MN lifted its holdings in shares of DXP Enterprises by 55.3% in the second quarter. Wells Fargo & Company MN now owns 255,979 shares of the industrial products company’s stock valued at $9,699,000 after buying an additional 91,152 shares during the period. BlackRock Inc. lifted its holdings in shares of DXP Enterprises by 1.4% in the second quarter. BlackRock Inc. now owns 2,500,228 shares of the industrial products company’s stock valued at $94,734,000 after buying an additional 34,365 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of DXP Enterprises by 30.2% in the second quarter. Renaissance Technologies LLC now owns 94,500 shares of the industrial products company’s stock valued at $3,581,000 after buying an additional 21,900 shares during the period. Finally, Shaker Investments LLC OH lifted its holdings in shares of DXP Enterprises by 123.5% in the second quarter. Shaker Investments LLC OH now owns 25,255 shares of the industrial products company’s stock valued at $957,000 after buying an additional 13,955 shares during the period. 78.32% of the stock is owned by institutional investors.
About DXP Enterprises
DXP Enterprises, Inc engages in distributing maintenance, repair, and operating (MRO) products, equipment, and services to energy and industrial customers in the United States. It operates in three segments: Service Centers, Supply Chain Services, and Innovative Pumping Solutions. The Service Centers segment offers MRO products, equipment, and integrated services, including technical expertise and logistics services.
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