DXP Enterprises Inc. (DXPE) Stock Price Up 4.7%
Shares of DXP Enterprises Inc. (NASDAQ:DXPE) rose 4.7% during mid-day trading on Thursday . The company traded as high as $29.07 and last traded at $28.89, with a volume of 906,949 shares trading hands. The stock had previously closed at $27.60.
Separately, Zacks Investment Research upgraded shares of DXP Enterprises from a “strong sell” rating to a “hold” rating in a report on Friday, July 15th.
The company’s market cap is $404.16 million. The stock’s 50 day moving average price is $17.38 and its 200 day moving average price is $16.73.
DXP Enterprises (NASDAQ:DXPE) last issued its quarterly earnings results on Tuesday, August 9th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.05) by $0.39. The company had revenue of $256.22 million for the quarter, compared to analyst estimates of $250.65 million. During the same quarter in the previous year, the company posted $0.47 EPS. The company’s revenue for the quarter was down 20.8% compared to the same quarter last year. Analysts predict that DXP Enterprises Inc. will post $0.26 earnings per share for the current year.
In other DXP Enterprises news, major shareholder Gmt Capital Corp acquired 172,746 shares of the company’s stock in a transaction dated Wednesday, August 3rd. The shares were acquired at an average cost of $15.96 per share, with a total value of $2,757,026.16. Following the acquisition, 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 document filed with the SEC, which is accessible through the SEC website.
An institutional investor recently raised its position in DXP Enterprises stock. Stephens Inc. AR raised its stake in shares of DXP Enterprises Inc. (NASDAQ:DXPE) by 20.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor 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 at the end of the most recent quarter.
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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