DXP Enterprises Inc. (NASDAQ:DXPE) shot up 2.8% on Friday . The company traded as high as $31.16 and last traded at $30.98, with a volume of 119,419 shares trading hands. The stock had previously closed at $30.13.

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

The stock’s market capitalization is $443.11 million. The company’s 50-day moving average is $19.12 and its 200 day moving average is $17.14.

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 Thomson Reuters’ consensus estimate of ($0.05) by $0.39. The firm earned $256.22 million during the quarter, compared to analysts’ expectations of $250.65 million. During the same quarter last year, the business posted $0.47 EPS. The company’s quarterly revenue was down 20.8% on a year-over-year basis. Analysts anticipate that DXP Enterprises Inc. will post $0.26 EPS for the current year.

In other news, SVP John Jay Jeffery sold 1,000 shares of the stock in a transaction that occurred on Tuesday, August 16th. The shares were sold at an average price of $29.80, for a total transaction of $29,800.00. Following the completion of the transaction, the senior vice president now directly owns 15,221 shares of the company’s stock, valued at approximately $453,585.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Gmt Capital Corp bought 172,746 shares of DXP Enterprises stock in a transaction dated Wednesday, August 3rd. The shares were bought at an average cost of $15.96 per share, with a total value of $2,757,026.16. Following the completion of the transaction, the insider now directly owns 1,595,545 shares in the company, valued at $25,464,898.20. The disclosure for this purchase can be found here.

A hedge fund recently raised its stake in DXP Enterprises stock. Stephens Inc. AR increased its position in shares of DXP Enterprises Inc. (NASDAQ:DXPE) by 20.4% during the fourth quarter, according to its most recent disclosure 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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