Stephens Raises DXP Enterprises (NASDAQ:DXPE) Price Target to $75.00

DXP Enterprises (NASDAQ:DXPE) had its price objective hoisted by analysts at Stephens from $65.00 to $75.00 in a report released on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the industrial products company’s stock. Stephens’ price target points to a potential upside of 5.49% from the stock’s previous close.

DXP Enterprises Trading Down 1.1 %

Shares of DXPE stock opened at $71.10 on Thursday. The stock has a 50-day moving average of $52.73 and a 200-day moving average of $50.63. The company has a current ratio of 2.39, a quick ratio of 1.92 and a debt-to-equity ratio of 1.35. The stock has a market cap of $1.12 billion, a price-to-earnings ratio of 18.32 and a beta of 1.60. DXP Enterprises has a 1-year low of $28.82 and a 1-year high of $73.75.

DXP Enterprises (NASDAQ:DXPE) last posted its quarterly earnings data on Monday, November 4th. The industrial products company reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.48. DXP Enterprises had a net margin of 3.75% and a return on equity of 19.01%. The company had revenue of $472.94 million for the quarter. During the same period in the prior year, the company posted $0.93 earnings per share. On average, equities research analysts forecast that DXP Enterprises will post 3.56 earnings per share for the current year.

Insider Buying and Selling

In other news, CMO Paz Maestas sold 2,500 shares of the stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $49.00, for a total transaction of $122,500.00. Following the transaction, the chief marketing officer now owns 619,367 shares of the company’s stock, valued at $30,348,983. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 22.40% of the stock is owned by insiders.

Institutional Trading of DXP Enterprises

Several hedge funds have recently bought and sold shares of the business. BNP Paribas Financial Markets increased its holdings in DXP Enterprises by 4.6% during the 1st quarter. BNP Paribas Financial Markets now owns 35,445 shares of the industrial products company’s stock worth $1,904,000 after purchasing an additional 1,553 shares in the last quarter. LSV Asset Management raised its position in DXP Enterprises by 59.4% in the 1st quarter. LSV Asset Management now owns 55,484 shares of the industrial products company’s stock valued at $2,981,000 after buying an additional 20,684 shares during the last quarter. Quantbot Technologies LP lifted its stake in DXP Enterprises by 110.5% during the 1st quarter. Quantbot Technologies LP now owns 5,222 shares of the industrial products company’s stock valued at $281,000 after acquiring an additional 2,741 shares in the last quarter. Everence Capital Management Inc. purchased a new position in DXP Enterprises during the 1st quarter worth $293,000. Finally, State Board of Administration of Florida Retirement System purchased a new stake in shares of DXP Enterprises in the first quarter valued at about $503,000. Institutional investors and hedge funds own 74.82% of the company’s stock.

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).