DXP Enterprises (NASDAQ:DXPE) Hits New 12-Month High – What’s Next?

DXP Enterprises, Inc. (NASDAQ:DXPE)’s share price reached a new 52-week high on Thursday . The company traded as high as $86.22 and last traded at $86.22, with a volume of 61223 shares changing hands. The stock had previously closed at $82.62.

Analyst Ratings Changes

DXPE has been the subject of a number of analyst reports. StockNews.com cut DXP Enterprises from a “buy” rating to a “hold” rating in a research report on Friday, December 20th. Stephens boosted their target price on DXP Enterprises from $65.00 to $75.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th.

DXP Enterprises Stock Performance

The stock has a market cap of $1.35 billion, a P/E ratio of 22.09 and a beta of 1.67. The firm has a 50 day moving average of $72.44 and a two-hundred day moving average of $57.91. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.78 and a current ratio of 2.22.

DXP Enterprises (NASDAQ:DXPE) last announced its quarterly earnings data on Monday, November 4th. The industrial products company reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.48. The business had revenue of $472.94 million for the quarter. DXP Enterprises had a net margin of 3.75% and a return on equity of 18.74%. During the same quarter in the previous year, the business posted $0.93 EPS. On average, research analysts predict that DXP Enterprises, Inc. will post 4.07 EPS for the current fiscal year.

Insider Activity at DXP Enterprises

In related news, insider Christopher T. Gregory sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $73.10, for a total transaction of $73,100.00. Following the completion of the transaction, the insider now owns 29,606 shares in the company, valued at $2,164,198.60. This trade represents a 3.27 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 22.40% of the stock is currently owned by corporate insiders.

Institutional Trading of DXP Enterprises

Several large investors have recently added to or reduced their stakes in DXPE. Renaissance Technologies LLC grew its holdings in shares of DXP Enterprises by 125.3% during the second quarter. Renaissance Technologies LLC now owns 111,300 shares of the industrial products company’s stock worth $5,102,000 after purchasing an additional 61,900 shares during the last quarter. Pacer Advisors Inc. grew its holdings in DXP Enterprises by 4.1% during the 3rd quarter. Pacer Advisors Inc. now owns 744,587 shares of the industrial products company’s stock worth $39,731,000 after acquiring an additional 29,131 shares during the last quarter. Assenagon Asset Management S.A. increased its position in DXP Enterprises by 39.2% in the 3rd quarter. Assenagon Asset Management S.A. now owns 52,858 shares of the industrial products company’s stock valued at $2,821,000 after acquiring an additional 14,886 shares in the last quarter. Barclays PLC raised its stake in shares of DXP Enterprises by 355.4% in the third quarter. Barclays PLC now owns 23,723 shares of the industrial products company’s stock worth $1,267,000 after acquiring an additional 18,514 shares during the last quarter. Finally, CWA Asset Management Group LLC acquired a new position in shares of DXP Enterprises during the third quarter worth approximately $1,107,000. 74.82% of the stock is 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).