DXP Enterprises (NASDAQ:DXPE) Reaches New 1-Year High – Should You Buy?

DXP Enterprises, Inc. (NASDAQ:DXPE) shares hit a new 52-week high during trading on Friday . The stock traded as high as $87.30 and last traded at $87.30, with a volume of 2332 shares trading hands. The stock had previously closed at $84.75.

Analyst Upgrades and Downgrades

DXPE has been the subject of several recent research reports. Stephens boosted their price objective on DXP Enterprises from $65.00 to $75.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. StockNews.com cut shares of DXP Enterprises from a “buy” rating to a “hold” rating in a research note on Friday, December 20th.

DXP Enterprises Stock Up 6.3 %

The stock has a fifty day simple moving average of $75.15 and a two-hundred day simple moving average of $58.91. The company has a current ratio of 2.22, a quick ratio of 1.78 and a debt-to-equity ratio of 1.29. The firm has a market cap of $1.41 billion, a PE ratio of 23.22 and a beta of 1.67.

DXP Enterprises (NASDAQ:DXPE) last issued its quarterly earnings data on Monday, November 4th. The industrial products company reported $1.43 EPS for the quarter, topping the consensus estimate of $0.95 by $0.48. The company had revenue of $472.94 million during the quarter. DXP Enterprises had a return on equity of 18.74% and a net margin of 3.75%. During the same period in the previous year, the firm posted $0.93 EPS. As a group, sell-side analysts expect that DXP Enterprises, Inc. will post 4.07 EPS for the current fiscal year.

Insider Activity at DXP Enterprises

In other DXP Enterprises news, insider Christopher T. Gregory sold 1,000 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $73.10, for a total transaction of $73,100.00. Following the completion of the transaction, the insider now owns 29,606 shares of the company’s stock, valued at approximately $2,164,198.60. This trade represents a 3.27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 22.40% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On DXP Enterprises

A number of hedge funds have recently bought and sold shares of the company. Quantbot Technologies LP bought a new position in shares of DXP Enterprises in the third quarter worth about $41,000. Quest Partners LLC boosted its position in shares of DXP Enterprises by 24.8% in the second quarter. Quest Partners LLC now owns 2,109 shares of the industrial products company’s stock worth $97,000 after purchasing an additional 419 shares during the period. SG Americas Securities LLC purchased a new stake in shares of DXP Enterprises in the third quarter worth $197,000. Jane Street Group LLC raised its position in shares of DXP Enterprises by 9.6% during the 3rd quarter. Jane Street Group LLC now owns 5,915 shares of the industrial products company’s stock valued at $316,000 after purchasing an additional 517 shares during the period. Finally, WINTON GROUP Ltd purchased a new position in shares of DXP Enterprises during the 2nd quarter valued at $437,000. Institutional investors own 74.82% of the company’s stock.

DXP Enterprises Company Profile

DXP Enterprises, Inc, together with its subsidiaries, engages in distributing maintenance, repair, and operating (MRO) products, equipment, and services in the United States and Canada. It operates through three segments: Service Centers (SC), Supply Chain Services (SCS), and Innovative Pumping Solutions (IPS).