DXP Enterprises (NASDAQ:DXPE) was upgraded by equities research analysts at BidaskClub from a “hold” rating to a “buy” rating in a report released on Wednesday, January 3rd.

Separately, Zacks Investment Research downgraded shares of DXP Enterprises from a “buy” rating to a “hold” rating in a research note on Tuesday, September 26th. Two investment analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $42.00.

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DXP Enterprises (NASDAQ DXPE) opened at $34.68 on Wednesday. DXP Enterprises has a 52-week low of $24.86 and a 52-week high of $42.00. The firm has a market cap of $599.67, a P/E ratio of 35.18 and a beta of 2.65. The company has a current ratio of 2.51, a quick ratio of 1.79 and a debt-to-equity ratio of 0.91.

DXP Enterprises (NASDAQ:DXPE) last announced its earnings results on Thursday, November 2nd. The industrial products company reported $0.16 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.22 by ($0.06). DXP Enterprises had a return on equity of 6.87% and a net margin of 1.83%. The company had revenue of $251.90 million for the quarter, compared to the consensus estimate of $250.42 million. During the same period last year, the firm posted $0.02 EPS. The company’s revenue was up 9.5% compared to the same quarter last year. equities analysts expect that DXP Enterprises will post 0.67 EPS for the current year.

In other DXP Enterprises news, CEO David R. Little sold 13,500 shares of the business’s stock in a transaction dated Wednesday, December 27th. The stock was sold at an average price of $29.50, for a total transaction of $398,250.00. Following the completion of the sale, the chief executive officer now directly owns 1,368,214 shares of the company’s stock, valued at approximately $40,362,313. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Kent Nee Hung Yee sold 2,200 shares of the company’s stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $29.69, for a total value of $65,318.00. Following the completion of the sale, the insider now directly owns 40,984 shares of the company’s stock, valued at $1,216,814.96. The disclosure for this sale can be found here. In the last quarter, insiders have sold 34,200 shares of company stock worth $1,010,218. 9.60% of the stock is owned by corporate insiders.

Several hedge funds have recently made changes to their positions in the company. Oppenheimer Asset Management Inc. grew its position in shares of DXP Enterprises by 8.1% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 2,915 shares of the industrial products company’s stock valued at $101,000 after purchasing an additional 219 shares during the period. Municipal Employees Retirement System of Michigan grew its position in shares of DXP Enterprises by 3.1% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 3,640 shares of the industrial products company’s stock valued at $126,000 after purchasing an additional 110 shares during the period. Hillsdale Investment Management Inc. acquired a new position in shares of DXP Enterprises in the 2nd quarter valued at approximately $152,000. BNP Paribas Arbitrage SA grew its position in shares of DXP Enterprises by 63.1% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 5,688 shares of the industrial products company’s stock valued at $196,000 after purchasing an additional 2,201 shares during the period. Finally, Voya Investment Management LLC acquired a new position in shares of DXP Enterprises in the 2nd quarter valued at approximately $243,000. 74.40% of the stock is owned by institutional investors.

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DXP Enterprises Company Profile

DXP Enterprises, Inc (DXP) is engaged in the business of distributing maintenance, repair and operating (MRO) products, equipment and service to industrial customers. The Company operates through three segments: Service Centers, Supply Chain Services and Innovative Pumping Solutions. The Service Centers segment provides MRO products, equipment and services, including technical expertise and logistics capabilities to industrial customers.

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