DXP Enterprises (NASDAQ:DXPE) Reaches New 12-Month High – Should You Buy?

DXP Enterprises, Inc. (NASDAQ:DXPE) hit a new 52-week high during trading on Thursday . The company traded as high as $82.50 and last traded at $82.38, with a volume of 24744 shares traded. The stock had previously closed at $81.69.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. StockNews.com cut shares of DXP Enterprises from a “buy” rating to a “hold” rating in a research note on Friday, December 20th. Stephens lifted their price target on shares of DXP Enterprises from $65.00 to $75.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th.

DXP Enterprises Stock Down 1.2 %

The company has a current ratio of 2.22, a quick ratio of 1.78 and a debt-to-equity ratio of 1.29. The business has a fifty day simple moving average of $69.01 and a two-hundred day simple moving average of $56.67. The company has a market cap of $1.29 billion, a PE ratio of 21.21 and a beta of 1.70.

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

Insider Transactions at DXP Enterprises

In other DXP Enterprises news, insider Christopher T. Gregory sold 1,000 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $73.10, for a total value of $73,100.00. Following the completion of the sale, the insider now directly owns 29,606 shares of the company’s stock, valued at $2,164,198.60. This trade represents a 3.27 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 22.40% of the company’s stock.

Institutional Investors Weigh In On DXP Enterprises

Several hedge funds and other institutional investors have recently bought and sold shares of DXPE. Innealta Capital LLC acquired a new position in DXP Enterprises in the 2nd quarter valued at about $29,000. Quantbot Technologies LP purchased a new stake in shares of DXP Enterprises during the 3rd quarter valued at approximately $41,000. Quest Partners LLC lifted its holdings in DXP Enterprises by 24.8% in the second quarter. Quest Partners LLC now owns 2,109 shares of the industrial products company’s stock valued at $97,000 after acquiring an additional 419 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in DXP Enterprises by 39.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,113 shares of the industrial products company’s stock worth $189,000 after acquiring an additional 1,174 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in DXP Enterprises during the third quarter worth $197,000. 74.82% of the stock is currently owned by institutional investors and hedge funds.

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).