DXP Enterprises (NASDAQ:DXPE) Announces Earnings Results

DXP Enterprises (NASDAQ:DXPE) released its quarterly earnings results on Thursday. The industrial products company reported $1.12 earnings per share (EPS) for the quarter, Zacks reports. DXP Enterprises had a net margin of 3.57% and a return on equity of 16.97%. The company had revenue of $407.04 million for the quarter. During the same period in the previous year, the company earned $0.50 EPS.

DXP Enterprises Trading Up 7.7 %

DXPE stock traded up $3.07 during mid-day trading on Friday, reaching $43.17. 78,506 shares of the stock traded hands, compared to its average volume of 55,924. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.86 and a current ratio of 2.33. DXP Enterprises has a one year low of $22.06 and a one year high of $43.60. The stock has a market capitalization of $698.49 million, a PE ratio of 12.95 and a beta of 1.67. The business has a 50-day moving average price of $33.51 and a two-hundred day moving average price of $33.53.

Insider Buying and Selling at DXP Enterprises

In other news, CMO Paz Maestas sold 5,000 shares of the company’s stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $33.74, for a total value of $168,700.00. Following the transaction, the chief marketing officer now directly owns 631,723 shares in the company, valued at $21,314,334.02. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 22.10% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in shares of DXP Enterprises by 0.9% in the first quarter. Vanguard Group Inc. now owns 1,106,645 shares of the industrial products company’s stock worth $29,979,000 after purchasing an additional 9,439 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in DXP Enterprises by 3.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 974,962 shares of the industrial products company’s stock worth $26,246,000 after acquiring an additional 31,612 shares in the last quarter. State Street Corp grew its holdings in DXP Enterprises by 3.0% during the 1st quarter. State Street Corp now owns 612,288 shares of the industrial products company’s stock worth $16,587,000 after acquiring an additional 17,593 shares in the last quarter. Invesco Ltd. grew its holdings in DXP Enterprises by 11.8% during the 1st quarter. Invesco Ltd. now owns 560,025 shares of the industrial products company’s stock worth $15,171,000 after acquiring an additional 58,894 shares in the last quarter. Finally, Medina Value Partners LLC grew its holdings in DXP Enterprises by 25.3% during the 4th quarter. Medina Value Partners LLC now owns 361,589 shares of the industrial products company’s stock worth $9,962,000 after acquiring an additional 73,037 shares in the last quarter. 69.09% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of DXP Enterprises from a “buy” rating to a “strong-buy” rating in a research report on Thursday, December 14th.

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).