DXP Enterprises (NASDAQ:DXPE) Hits New 1-Year High – Time to Buy?

Shares of DXP Enterprises, Inc. (NASDAQ:DXPE) reached a new 52-week high during trading on Tuesday . The stock traded as high as $78.66 and last traded at $78.50, with a volume of 19157 shares changing hands. The stock had previously closed at $78.31.

Wall Street Analysts Forecast Growth

Separately, Stephens lifted their price objective on DXP Enterprises from $65.00 to $75.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th.

DXP Enterprises Trading Up 2.7 %

The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.78 and a current ratio of 2.22. The stock has a market cap of $1.26 billion, a PE ratio of 20.73 and a beta of 1.70. The business has a 50-day moving average of $61.32 and a 200 day moving average of $53.65.

DXP Enterprises (NASDAQ:DXPE) last released its quarterly earnings data on Monday, November 4th. The industrial products company reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.48. DXP Enterprises had a return on equity of 18.74% and a net margin of 3.75%. The company had revenue of $472.94 million for the quarter. During the same quarter last year, the business earned $0.93 earnings per share. Equities research analysts predict that DXP Enterprises, Inc. will post 4.07 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CMO Paz Maestas sold 2,000 shares of the company’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $53.21, for a total transaction of $106,420.00. Following the completion of the transaction, the chief marketing officer now directly owns 617,367 shares in the company, valued at $32,850,098.07. This represents a 0.32 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Christopher T. Gregory sold 1,000 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $73.10, for a total value of $73,100.00. Following the completion of the sale, the insider now owns 29,606 shares in the company, valued at $2,164,198.60. The trade was a 3.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 22.40% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of DXPE. 272 Capital LP acquired a new position in shares of DXP Enterprises during the third quarter worth approximately $1,380,000. Barclays PLC raised its stake in DXP Enterprises by 355.4% during the 3rd quarter. Barclays PLC now owns 23,723 shares of the industrial products company’s stock valued at $1,267,000 after acquiring an additional 18,514 shares in the last quarter. Jane Street Group LLC boosted its position in 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 worth $316,000 after acquiring an additional 517 shares during the period. Hotchkis & Wiley Capital Management LLC bought a new position in shares of DXP Enterprises in the third quarter worth $3,355,000. Finally, De Lisle Partners LLP grew its stake in shares of DXP Enterprises by 96.7% in the third quarter. De Lisle Partners LLP now owns 21,654 shares of the industrial products company’s stock worth $1,157,000 after purchasing an additional 10,645 shares in the last quarter. Institutional investors own 74.82% of the company’s stock.

About DXP Enterprises

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).