DXP Enterprises (NASDAQ:DXPE) Upgraded at StockNews.com

DXP Enterprises (NASDAQ:DXPE) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Tuesday.

Separately, Stephens boosted their price objective on DXP Enterprises from $75.00 to $95.00 and gave the stock an “overweight” rating in a research report on Monday.

DXP Enterprises Price Performance

DXPE stock traded up $5.82 during midday trading on Tuesday, reaching $82.49. 313,593 shares of the stock were exchanged, compared to its average volume of 152,604. The stock has a market capitalization of $1.29 billion, a PE ratio of 21.26 and a beta of 1.66. DXP Enterprises has a 52 week low of $43.25 and a 52 week high of $107.06. The company has a debt-to-equity ratio of 1.29, a current ratio of 2.22 and a quick ratio of 1.78. The company has a fifty day moving average price of $94.25 and a 200 day moving average price of $73.36.

DXP Enterprises (NASDAQ:DXPE) last issued its quarterly earnings data on Thursday, March 6th. The industrial products company reported $1.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.49. The business had revenue of $470.91 million for the quarter, compared to analyst estimates of $447.00 million. DXP Enterprises had a return on equity of 18.74% and a net margin of 3.75%. As a group, analysts expect that DXP Enterprises will post 4.07 EPS for the current fiscal year.

Institutional Investors Weigh In On DXP Enterprises

A number of institutional investors have recently made changes to their positions in DXPE. Wellington Management Group LLP bought a new stake in shares of DXP Enterprises in the 4th quarter valued at about $67,901,000. Arrowstreet Capital Limited Partnership lifted its stake in shares of DXP Enterprises by 2,589.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 149,349 shares of the industrial products company’s stock valued at $12,339,000 after purchasing an additional 143,795 shares during the period. FMR LLC lifted its stake in shares of DXP Enterprises by 21.8% in the 3rd quarter. FMR LLC now owns 776,950 shares of the industrial products company’s stock valued at $41,458,000 after purchasing an additional 139,027 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of DXP Enterprises by 193.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 98,044 shares of the industrial products company’s stock valued at $5,232,000 after purchasing an additional 64,611 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC acquired a new position in shares of DXP Enterprises in the 3rd quarter valued at about $3,355,000. Institutional investors 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).