Shares of DXP Enterprises Inc. (NASDAQ:DXPE) were up 4.7% on Thursday . The company traded as high as $29.07 and last traded at $28.89, with a volume of 906,949 shares traded. The stock had previously closed at $27.60.

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

The firm has a 50 day moving average price of $17.04 and a 200-day moving average price of $16.64. The firm’s market cap is $409.06 million.

DXP Enterprises (NASDAQ:DXPE) last posted its quarterly earnings data on Tuesday, August 9th. The company reported $0.34 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.05) by $0.39. The business earned $256.22 million during the quarter, compared to analysts’ expectations of $250.65 million. The firm’s quarterly revenue was down 20.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.47 earnings per share. Equities research analysts expect that DXP Enterprises Inc. will post $0.26 EPS for the current year.

In other DXP Enterprises news, major shareholder Gmt Capital Corp acquired 172,746 shares of the business’s stock in a transaction dated Wednesday, August 3rd. The stock was acquired at an average cost of $15.96 per share, for a total transaction of $2,757,026.16. Following the completion of the transaction, the insider now directly owns 1,595,545 shares of the company’s stock, valued at $25,464,898.20. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website.

A hedge fund recently raised its stake in DXP Enterprises stock. Stephens Inc. AR boosted its stake in DXP Enterprises Inc. (NASDAQ:DXPE) by 20.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 62,994 shares of the company’s stock after buying an additional 10,670 shares during the period. Stephens Inc. AR owned about 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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