DXP Enterprises (NASDAQ:DXPE) Shares Up 8.3%

DXP Enterprises, Inc. (NASDAQ:DXPE – Get Rating) shares rose 8.3% on Monday . The company traded as high as $28.57 and last traded at $28.19. Approximately 2,920 shares were traded during mid-day trading, a decline of 97% from the average daily volume of 92,370 shares. The stock had previously closed at $26.03.

DXPE has been the subject of a number of recent analyst reports. StockNews.com upgraded shares of DXP Enterprises from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, May 11th. Zacks Investment Research downgraded shares of DXP Enterprises from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 5th.

The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.69 and a current ratio of 2.32. The company’s fifty day simple moving average is $26.73 and its 200-day simple moving average is $27.98. The company has a market capitalization of $557.01 million, a P/E ratio of 20.32 and a beta of 2.17.

DXP Enterprises (NASDAQ:DXPE – Get Rating) last released its quarterly earnings results on Tuesday, May 10th. The industrial products company reported $0.65 earnings per share for the quarter. The business had revenue of $319.41 million for the quarter. DXP Enterprises had a net margin of 2.42% and a return on equity of 8.02%. During the same quarter in the prior year, the business posted $0.02 earnings per share. On average, sell-side analysts predict that DXP Enterprises, Inc. will post 0.89 EPS for the current year.

Institutional investors and hedge funds have recently bought and sold shares of the business. Millennium Management LLC increased its holdings in shares of DXP Enterprises by 95.4% during the 2nd quarter. Millennium Management LLC now owns 14,533 shares of the industrial products company’s stock valued at $484,000 after purchasing an additional 7,094 shares in the last quarter. Swiss National Bank boosted its stake in DXP Enterprises by 8.0% during the 3rd quarter. Swiss National Bank now owns 40,300 shares of the industrial products company’s stock worth $1,192,000 after purchasing an additional 3,000 shares during the last quarter. Barclays PLC boosted its stake in DXP Enterprises by 56.3% during the 3rd quarter. Barclays PLC now owns 14,379 shares of the industrial products company’s stock worth $425,000 after purchasing an additional 5,178 shares during the last quarter. Public Sector Pension Investment Board boosted its stake in DXP Enterprises by 41.5% during the 3rd quarter. Public Sector Pension Investment Board now owns 51,089 shares of the industrial products company’s stock worth $1,511,000 after purchasing an additional 14,978 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in DXP Enterprises by 3.2% during the 3rd quarter. Geode Capital Management LLC now owns 310,252 shares of the industrial products company’s stock worth $9,174,000 after purchasing an additional 9,648 shares during the last quarter. 69.44% of the stock is owned by institutional investors.

DXP Enterprises Company Profile (NASDAQ:DXPE)

DXP Enterprises, Inc, together with its subsidiaries, engages in distributing maintenance, repair, and operating (MRO) products, equipment, and services to the energy and industrial customers primarily in the United States and Canada. It operates through three segments: Service Centers (SC), Supply Chain Services (SCS), and Innovative Pumping Solutions (IPS).

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