DXP Enterprises (NASDAQ:DXPE) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of DXP Enterprises (NASDAQ:DXPE) from a buy rating to a strong-buy rating in a research report sent to investors on Saturday,Wall Street Zen reports.

DXPE has been the topic of a number of other research reports. Weiss Ratings raised shares of DXP Enterprises from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, September 29th. Stephens raised their target price on shares of DXP Enterprises from $160.00 to $220.00 and gave the company an “overweight” rating in a research report on Friday, August 7th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, DXP Enterprises has an average rating of “Moderate Buy” and a consensus price target of $187.00.

DXP Enterprises Trading Up 1.8%

NASDAQ DXPE opened at $178.99 on Friday. The stock has a market capitalization of $2.78 billion, a price-to-earnings ratio of 30.57 and a beta of 1.03. The stock’s 50 day moving average price is $186.86 and its two-hundred day moving average price is $169.61. The company has a debt-to-equity ratio of 1.51, a quick ratio of 2.58 and a current ratio of 2.99. DXP Enterprises has a 52 week low of $84.04 and a 52 week high of $208.00.

DXP Enterprises (NASDAQ:DXPE) last issued its quarterly earnings results on Wednesday, August 5th. The industrial products company reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.59 by $0.17. The company had revenue of $576.46 million during the quarter, compared to analysts’ expectations of $543.00 million. DXP Enterprises had a net margin of 4.35% and a return on equity of 18.51%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio bought a new position in shares of DXP Enterprises in the 2nd quarter worth about $33,000. Nykredit A S acquired a new position in DXP Enterprises in the second quarter valued at approximately $36,000. USA Financial Formulas bought a new position in shares of DXP Enterprises during the 3rd quarter worth approximately $39,000. KBC Group NV bought a new position in shares of DXP Enterprises during the 1st quarter worth approximately $51,000. Finally, GK Wealth Management LLC bought a new position in DXP Enterprises during the third quarter worth $52,000. 74.82% of the stock is owned by institutional investors and hedge funds.

About DXP Enterprises

DXP Enterprises, Inc is an industrial distribution and services company headquartered in Houston, Texas. The company supplies products and technical solutions used to maintain, repair and operate industrial facilities, with a focus on fluid-handling equipment and other critical components.

Its product offerings include pumps, valves, motors, bearings, power-transmission equipment, hoses, gaskets, safety products and other industrial supplies. DXP also provides engineered pumping systems, equipment repair, field services, technical support and supply-chain management solutions designed to help customers improve operating efficiency and reduce equipment downtime.

DXP serves customers across a range of industries, including energy, petrochemical, mining, food and beverage, water and wastewater, manufacturing and general industrial markets.