DXP Enterprises Inc. (NASDAQ:DXPE)’s share price dropped 3.4% during trading on Friday . The company traded as low as $26.83 and last traded at $27.39, with a volume of 265,769 shares traded. The stock had previously closed at $28.35.

Separately, Zacks Investment Research raised DXP Enterprises from a “strong sell” rating to a “hold” rating in a research note on Friday, July 15th.

The company has a 50-day moving average price of $17.04 and a 200 day moving average price of $16.64. The company’s market cap is $404.16 million.

DXP Enterprises (NASDAQ:DXPE) last released its earnings results on Tuesday, August 9th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.39. During the same quarter in the prior year, the business posted $0.47 EPS. The business had revenue of $256.22 million for the quarter, compared to analysts’ expectations of $250.65 million. The business’s revenue for the quarter was down 20.8% compared to the same quarter last year. Equities analysts predict that DXP Enterprises Inc. will post $0.26 earnings per share for the current fiscal year.

In other DXP Enterprises news, major shareholder Gmt Capital Corp bought 172,746 shares of the business’s stock in a transaction that occurred on Wednesday, August 3rd. The stock was purchased at an average price of $15.96 per share, for a total transaction of $2,757,026.16. Following the completion of the transaction, the insider now owns 1,595,545 shares of the company’s stock, valued at approximately $25,464,898.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

A hedge fund recently raised its stake in DXP Enterprises stock. Stephens Inc. AR boosted its position in shares of DXP Enterprises Inc. (NASDAQ:DXPE) by 20.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 62,994 shares of the company’s stock after buying an additional 10,670 shares during the period. Stephens Inc. AR owned approximately 0.44% of DXP Enterprises worth $1,436,000 as of its most recent SEC filing.

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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