Stephens Issues Positive Forecast for DXP Enterprises (NASDAQ:DXPE) Stock Price

DXP Enterprises (NASDAQ:DXPE) had its price objective upped by analysts at Stephens from $65.00 to $75.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the industrial products company’s stock. Stephens’ target price indicates a potential upside of 3.91% from the stock’s previous close.

DXP Enterprises Trading Up 9.7 %

Shares of NASDAQ DXPE traded up $6.39 during mid-day trading on Thursday, hitting $72.18. The company’s stock had a trading volume of 102,480 shares, compared to its average volume of 104,352. The company has a debt-to-equity ratio of 1.35, a current ratio of 2.39 and a quick ratio of 1.92. The stock has a market cap of $1.14 billion, a price-to-earnings ratio of 18.66 and a beta of 1.60. The company’s fifty day simple moving average is $52.07 and its 200-day simple moving average is $50.34. DXP Enterprises has a one year low of $28.82 and a one year high of $72.66.

DXP Enterprises (NASDAQ:DXPE) last released its earnings results on Monday, November 4th. The industrial products company reported $1.43 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.48. DXP Enterprises had a return on equity of 19.01% and a net margin of 3.75%. The firm had revenue of $472.94 million for the quarter. During the same period in the previous year, the company posted $0.93 EPS. On average, sell-side analysts anticipate that DXP Enterprises will post 3.56 earnings per share for the current fiscal year.

Insider Activity

In other DXP Enterprises news, CMO Paz Maestas sold 2,000 shares of the firm’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $53.21, for a total value of $106,420.00. Following the transaction, the chief marketing officer now directly owns 617,367 shares of the company’s stock, valued at $32,850,098.07. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 22.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On DXP Enterprises

Institutional investors and hedge funds have recently made changes to their positions in the stock. Innealta Capital LLC acquired a new stake in shares of DXP Enterprises during the second quarter worth $29,000. Quest Partners LLC raised its position in shares of DXP Enterprises by 24.8% in the 2nd quarter. Quest Partners LLC now owns 2,109 shares of the industrial products company’s stock worth $97,000 after acquiring an additional 419 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of DXP Enterprises in the 3rd quarter valued at about $197,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of DXP Enterprises by 39.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,113 shares of the industrial products company’s stock valued at $189,000 after purchasing an additional 1,174 shares in the last quarter. Finally, Privium Fund Management UK Ltd acquired a new stake in DXP Enterprises during the second quarter worth approximately $209,000. Institutional investors and hedge funds own 74.82% of the company’s stock.

About DXP Enterprises

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).