DXP Enterprises Inc. (DXPE) Trading Up 3.5%
Shares of DXP Enterprises Inc. (NASDAQ:DXPE) were up 3.5% during mid-day trading on Wednesday . The stock traded as high as $15.61 and last traded at $15.60, with a volume of 89,108 shares changing hands. The stock had previously closed at $15.07.
Separately, Zacks Investment Research downgraded DXP Enterprises from a “hold” rating to a “strong sell” rating in a research note on Monday, May 16th.
The stock’s 50 day moving average is $14.50 and its 200-day moving average is $16.98. The stock’s market capitalization is $247.46 million.
DXP Enterprises (NASDAQ:DXPE) last issued its quarterly earnings data on Friday, May 13th. The company reported ($0.35) EPS for the quarter, missing the consensus estimate of $0.09 by $0.44. Analysts predict that DXP Enterprises Inc. will post ($0.26) earnings per share for the current fiscal year.
Several hedge funds recently modified their holdings of the company. Oxford Asset Management bought a new stake in shares of DXP Enterprises during the fourth quarter valued at approximately $1,135,000. Morgan Stanley increased its stake in shares of DXP Enterprises by 309.6% in the fourth quarter. Morgan Stanley now owns 62,571 shares of the company’s stock valued at $1,427,000 after buying an additional 47,294 shares during the period. Stephens Inc. AR increased its stake in shares of DXP Enterprises by 20.4% in the fourth quarter. Stephens Inc. AR now owns 62,994 shares of the company’s stock valued at $1,436,000 after buying an additional 10,670 shares during the period. Finally, Principal Financial Group Inc. increased its stake in shares of DXP Enterprises by 5.8% in the fourth quarter. Principal Financial Group Inc. now owns 83,401 shares of the company’s stock valued at $1,902,000 after buying an additional 4,535 shares during the period.
DXP Enterprises, Inc (DXP) is engaged in the business of distributing maintenance, repair and operating (MRO) products, equipment and service to industrial customers. The Company operates through three segments: Service Centers, Supply Chain Services and Innovative Pumping Solutions. The Service Centers segment provides MRO products, equipment and services, including technical expertise and logistics capabilities to industrial customers.
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