BidaskClub upgraded shares of DXP Enterprises (NASDAQ:DXPE) from a hold rating to a buy rating in a report published on Tuesday, BidAskClub reports.

Other equities analysts have also recently issued research reports about the company. ValuEngine raised DXP Enterprises from a sell rating to a hold rating in a report on Wednesday, November 6th. Zacks Investment Research cut DXP Enterprises from a hold rating to a sell rating in a report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. The stock has an average rating of Hold and an average target price of $47.00.

DXPE traded down $0.29 during trading on Tuesday, hitting $39.36. The stock had a trading volume of 35,000 shares, compared to its average volume of 61,697. DXP Enterprises has a one year low of $26.95 and a one year high of $45.66. The company has a 50 day moving average price of $34.97 and a 200-day moving average price of $34.77. The company has a debt-to-equity ratio of 0.83, a current ratio of 2.71 and a quick ratio of 1.85. The firm has a market cap of $706.59 million, a price-to-earnings ratio of 20.29, a P/E/G ratio of 0.94 and a beta of 2.64.

DXP Enterprises (NASDAQ:DXPE) last issued its earnings results on Wednesday, November 6th. The industrial products company reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.10. DXP Enterprises had a return on equity of 13.87% and a net margin of 3.51%. The business had revenue of $327.18 million during the quarter, compared to analysts’ expectations of $323.44 million. During the same quarter in the prior year, the firm earned $0.46 EPS. The business’s revenue for the quarter was up 6.2% compared to the same quarter last year. As a group, sell-side analysts predict that DXP Enterprises will post 2.44 EPS for the current fiscal year.

Institutional investors and hedge funds have recently modified their holdings of the business. GSA Capital Partners LLP increased its holdings in DXP Enterprises by 19.6% in the 2nd quarter. GSA Capital Partners LLP now owns 9,339 shares of the industrial products company’s stock worth $354,000 after purchasing an additional 1,533 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. bought a new stake in shares of DXP Enterprises in the 2nd quarter valued at about $311,000. Rhumbline Advisers grew its position in shares of DXP Enterprises by 6.9% in the 3rd quarter. Rhumbline Advisers now owns 54,650 shares of the industrial products company’s stock valued at $1,897,000 after buying an additional 3,548 shares during the last quarter. Swiss National Bank grew its position in shares of DXP Enterprises by 2.0% in the 2nd quarter. Swiss National Bank now owns 31,000 shares of the industrial products company’s stock valued at $1,175,000 after buying an additional 600 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of DXP Enterprises by 1.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 320,583 shares of the industrial products company’s stock valued at $12,477,000 after buying an additional 4,274 shares during the last quarter. 78.29% of the stock is owned by institutional investors and hedge funds.

About DXP Enterprises

DXP Enterprises, Inc engages in distributing maintenance, repair, and operating (MRO) products, equipment, and services to energy and industrial customers in the United States. It operates in three segments: Service Centers, Supply Chain Services, and Innovative Pumping Solutions. The Service Centers segment offers MRO products, equipment, and integrated services, including technical expertise and logistics services.

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