Stephens Raises DXP Enterprises (NASDAQ:DXPE) Price Target to $95.00

DXP Enterprises (NASDAQ:DXPE) had its price target hoisted by Stephens from $75.00 to $95.00 in a report released on Monday,Benzinga reports. The brokerage currently has an overweight rating on the industrial products company’s stock.

Separately, StockNews.com cut shares of DXP Enterprises from a “buy” rating to a “hold” rating in a report on Friday, December 20th.

DXP Enterprises Trading Up 3.8 %

DXPE stock opened at $85.65 on Monday. The stock has a market cap of $1.34 billion, a price-to-earnings ratio of 22.07 and a beta of 1.66. The company has a debt-to-equity ratio of 1.29, a current ratio of 2.22 and a quick ratio of 1.78. DXP Enterprises has a one year low of $43.25 and a one year high of $107.06. The company has a fifty day moving average price of $94.31 and a two-hundred day moving average price of $73.44.

DXP Enterprises (NASDAQ:DXPE) last announced its earnings results on Thursday, March 6th. The industrial products company reported $1.38 EPS for the quarter, topping the consensus estimate of $0.89 by $0.49. DXP Enterprises had a net margin of 3.75% and a return on equity of 18.74%. The company had revenue of $470.91 million for the quarter, compared to analysts’ expectations of $447.00 million. Equities analysts anticipate that DXP Enterprises will post 4.07 EPS for the current year.

Institutional Trading of DXP Enterprises

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. CWA Asset Management Group LLC bought a new stake in DXP Enterprises in the third quarter valued at $1,107,000. Pacer Advisors Inc. boosted its stake in shares of DXP Enterprises by 4.1% in the 3rd quarter. Pacer Advisors Inc. now owns 744,587 shares of the industrial products company’s stock worth $39,731,000 after buying an additional 29,131 shares during the last quarter. FMR LLC grew its stake in 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. Quantbot Technologies LP bought a new stake in DXP Enterprises in the third quarter worth about $41,000. Finally, De Lisle Partners LLP grew its holdings in DXP Enterprises by 96.7% during the third quarter. De Lisle Partners LLP now owns 21,654 shares of the industrial products company’s stock valued at $1,157,000 after purchasing an additional 10,645 shares during the period. Institutional investors and hedge funds own 74.82% of the company’s stock.

About DXP Enterprises

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).