DXP Enterprises Inc. (DXPE) Trading 2.8% Higher
DXP Enterprises Inc. (NASDAQ:DXPE) traded up 2.8% during mid-day trading on Friday . The company traded as high as $31.16 and last traded at $30.98, with a volume of 119,419 shares traded. The stock had previously closed at $30.13.
Separately, Zacks Investment Research raised DXP Enterprises from a “hold” rating to a “strong-buy” rating and set a $32.00 target price for the company in a research report on Friday, August 12th.
The firm’s 50 day moving average is $19.57 and its 200-day moving average is $17.25. The firm’s market capitalization is $442.83 million.
DXP Enterprises (NASDAQ:DXPE) last released its quarterly earnings data on Tuesday, August 9th. The company reported $0.34 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.05) by $0.39. During the same quarter last year, the firm earned $0.47 EPS. The business had revenue of $256.22 million for the quarter, compared to the consensus estimate of $250.65 million. The company’s revenue for the quarter was down 20.8% on a year-over-year basis. Equities analysts anticipate that DXP Enterprises Inc. will post $0.26 EPS for the current fiscal 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 shares were acquired at an average price of $15.96 per share, for a total transaction of $2,757,026.16. Following the acquisition, the insider now directly owns 1,595,545 shares of the company’s stock, valued at approximately $25,464,898.20. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP John Jay Jeffery sold 1,000 shares of DXP Enterprises stock in a transaction dated Tuesday, August 16th. The shares were sold at an average price of $29.80, for a total value of $29,800.00. Following the transaction, the senior vice president now owns 15,221 shares in the company, valued at approximately $453,585.80. The disclosure for this sale can be found here.
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 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 about 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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