DXP Enterprises, Inc. (NASDAQ:DXPE) Short Interest Update

DXP Enterprises, Inc. (NASDAQ:DXPE) saw a significant decrease in short interest in the month of January. As of January 30th, there was short interest totaling 423,495 shares, a decrease of 15.5% from the January 15th total of 501,107 shares. Currently, 3.5% of the shares of the stock are short sold. Based on an average trading volume of 119,102 shares, the short-interest ratio is currently 3.6 days. Based on an average trading volume of 119,102 shares, the short-interest ratio is currently 3.6 days. Currently, 3.5% of the shares of the stock are short sold.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in DXPE. Intrua Financial LLC acquired a new position in DXP Enterprises in the third quarter valued at approximately $1,848,000. Geode Capital Management LLC boosted its holdings in shares of DXP Enterprises by 2.9% in the 2nd quarter. Geode Capital Management LLC now owns 329,543 shares of the industrial products company’s stock valued at $28,888,000 after buying an additional 9,216 shares in the last quarter. Envestnet Asset Management Inc. grew its position in shares of DXP Enterprises by 23.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 21,345 shares of the industrial products company’s stock valued at $1,871,000 after buying an additional 4,087 shares during the last quarter. Quadrature Capital Ltd purchased a new stake in DXP Enterprises in the second quarter valued at $712,000. Finally, Thoroughbred Financial Services LLC acquired a new position in DXP Enterprises in the second quarter valued at $531,000. 74.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DXPE has been the subject of a number of research reports. Wall Street Zen cut shares of DXP Enterprises from a “buy” rating to a “hold” rating in a research note on Saturday, November 15th. Weiss Ratings reissued a “buy (b-)” rating on shares of DXP Enterprises in a report on Monday, December 29th. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, DXP Enterprises currently has a consensus rating of “Buy” and a consensus target price of $95.00.

DXP Enterprises Trading Down 1.1%

DXP Enterprises stock traded down $1.63 during trading on Tuesday, reaching $146.93. 21,217 shares of the company were exchanged, compared to its average volume of 120,046. DXP Enterprises has a 52-week low of $67.68 and a 52-week high of $154.19. The company has a market capitalization of $2.30 billion, a P/E ratio of 27.85 and a beta of 1.00. The stock’s 50 day simple moving average is $122.09 and its two-hundred day simple moving average is $116.19. The company has a debt-to-equity ratio of 1.27, a current ratio of 2.77 and a quick ratio of 2.36.

DXP Enterprises Company Profile

DXP Enterprises, Inc is a Houston, Texas–based industrial products and services distributor serving customers across North America. The company provides a broad portfolio of maintenance, repair and operations (MRO) supplies, including fluid power components, safety products, mechanical power transmission parts, and instrumentation. DXP’s product offering spans well-recognized private brands as well as equipment and parts from leading global manufacturers, enabling clients in energy, heavy industrial and manufacturing sectors to source critical components from a single supplier.

Through its network of service centers and specialized repair facilities, DXP delivers inventory management programs, turnkey fluid power rebuilds and custom assembly solutions.