Trek Financial LLC Makes New Investment in DXP Enterprises, Inc. $DXPE

Trek Financial LLC purchased a new stake in DXP Enterprises, Inc. (NASDAQ:DXPE) in the 3rd quarter, Holdings Channel reports. The firm purchased 4,515 shares of the industrial products company’s stock, valued at approximately $538,000.

A number of other institutional investors and hedge funds also recently modified their holdings of DXPE. HM Payson & Co. acquired a new stake in shares of DXP Enterprises in the third quarter worth approximately $27,000. 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 purchasing an additional 456 shares during the last quarter. GAMMA Investing LLC raised its stake in DXP Enterprises by 24.3% during the second quarter. GAMMA Investing LLC now owns 634 shares of the industrial products company’s stock worth $56,000 after purchasing an additional 124 shares during the period. Highland Capital Management LLC acquired a new position in shares of DXP Enterprises in the 3rd quarter valued at $212,000. Finally, Tower Research Capital LLC TRC grew its stake in shares of DXP Enterprises by 498.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,802 shares of the industrial products company’s stock valued at $158,000 after buying an additional 1,501 shares during the period. Institutional investors and hedge funds own 74.82% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on DXPE shares. Weiss Ratings restated a “buy (b-)” rating on shares of DXP Enterprises in a report on Monday, December 29th. Wall Street Zen downgraded DXP Enterprises from a “buy” rating to a “hold” rating in a report on Saturday, November 15th. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, DXP Enterprises currently has an average rating of “Buy” and an average price target of $95.00.

DXP Enterprises Stock Down 2.7%

Shares of DXP Enterprises stock opened at $128.55 on Monday. DXP Enterprises, Inc. has a twelve month low of $67.68 and a twelve month high of $132.60. The stock has a market cap of $2.02 billion, a price-to-earnings ratio of 24.35 and a beta of 0.99. The company has a current ratio of 2.77, a quick ratio of 2.36 and a debt-to-equity ratio of 1.27. The company has a fifty day moving average price of $106.96 and a 200 day moving average price of $111.99.

DXP Enterprises (NASDAQ:DXPE) last released its quarterly earnings data on Thursday, November 6th. The industrial products company reported $1.34 EPS for the quarter, missing the consensus estimate of $1.45 by ($0.11). DXP Enterprises had a net margin of 4.45% and a return on equity of 19.62%. The company had revenue of $513.72 million during the quarter, compared to analysts’ expectations of $499.00 million. Equities research analysts forecast that DXP Enterprises, Inc. will post 4.07 earnings per share for the current fiscal year.

About DXP Enterprises

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.