Brokerages Set DXP Enterprises, Inc. (NASDAQ:DXPE) PT at $187.00

DXP Enterprises, Inc. (NASDAQ:DXPE) has been assigned a consensus recommendation of “Moderate Buy” from the five ratings firms that are covering the company, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $187.00.

DXPE has been the subject of a number of recent research reports. Wall Street Zen upgraded shares of DXP Enterprises from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Stephens lifted their target price on DXP Enterprises from $160.00 to $220.00 and gave the company an “overweight” rating in a research report on Friday, August 7th. Freedom Capital lowered DXP Enterprises from a “strong-buy” rating to a “hold” rating in a report on Monday, May 11th. Zacks Research cut DXP Enterprises from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 11th. Finally, Weiss Ratings upgraded DXP Enterprises from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday.

DXP Enterprises Stock Performance

Shares of DXPE stock opened at $184.00 on Tuesday. The company’s fifty day simple moving average is $176.11 and its 200-day simple moving average is $160.08. The company has a quick ratio of 2.58, a current ratio of 2.99 and a debt-to-equity ratio of 1.51. The firm has a market cap of $2.86 billion, a PE ratio of 32.39 and a beta of 1.02. DXP Enterprises has a 12 month low of $84.04 and a 12 month high of $208.00.

DXP Enterprises (NASDAQ:DXPE) last released its earnings results on Wednesday, August 5th. The industrial products company reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.59 by $0.17. DXP Enterprises had a net margin of 4.35% and a return on equity of 18.51%. The business had revenue of $576.46 million during the quarter, compared to the consensus estimate of $543.00 million.

Insider Activity at DXP Enterprises

In related news, CMO Paz Maestas sold 10,000 shares of the firm’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $164.37, for a total value of $1,643,700.00. Following the completion of the transaction, the chief marketing officer directly owned 590,262 shares of the company’s stock, valued at approximately $97,021,364.94. This trade represents a 1.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 22.00% of the company’s stock.

Institutional Trading of DXP Enterprises

A number of large investors have recently added to or reduced their stakes in the company. California State Teachers Retirement System increased its stake in shares of DXP Enterprises by 16,332.2% during the 2nd quarter. California State Teachers Retirement System now owns 2,567,210 shares of the industrial products company’s stock worth $433,191,000 after purchasing an additional 2,551,587 shares during the last quarter. Odyssean LLC raised its holdings in shares of DXP Enterprises by 96.3% in the 2nd quarter. Odyssean LLC now owns 17,000 shares of the industrial products company’s stock valued at $2,869,000 after purchasing an additional 8,340 shares during the period. Nykredit A S acquired a new stake in DXP Enterprises in the 2nd quarter valued at about $36,000. BTG Pactual Asset Management US LLC bought a new position in DXP Enterprises during the second quarter worth about $280,000. Finally, Public Employees Retirement System of Ohio bought a new position in DXP Enterprises during the second quarter worth about $33,000. Institutional investors and hedge funds own 74.82% of the company’s stock.

About DXP Enterprises

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.