DXP Enterprises (NASDAQ:DXPE) Price Target Raised to $95.00

by · The Markets Daily

DXP Enterprises (NASDAQ:DXPE – Free Report) had its target price upped by Stephens from $75.00 to $95.00 in a research note issued to investors on Monday,Benzinga reports. Stephens currently has an overweight rating on the industrial products company’s stock.

Separately, StockNews.com cut DXP Enterprises from a “buy” rating to a “hold” rating in a research note on Friday, December 20th.

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DXP Enterprises Price Performance

Shares of DXP Enterprises stock opened at $85.65 on Monday. 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 stock has a market cap of $1.34 billion, a PE ratio of 22.07 and a beta of 1.66. DXP Enterprises has a 52 week low of $43.25 and a 52 week high of $107.06. The company’s 50-day moving average price is $94.31 and its two-hundred day moving average price is $73.44.

DXP Enterprises (NASDAQ:DXPE – Get Free Report) last issued its quarterly earnings results on Thursday, March 6th. The industrial products company reported $1.38 EPS for the quarter, beating the consensus estimate of $0.89 by $0.49. The business had revenue of $470.91 million during the quarter, compared to the consensus estimate of $447.00 million. DXP Enterprises had a net margin of 3.75% and a return on equity of 18.74%. As a group, sell-side analysts anticipate that DXP Enterprises will post 4.07 EPS for the current fiscal year.

Institutional Investors Weigh In On DXP Enterprises

A number of hedge funds have recently bought and sold shares of the company. Wellington Management Group LLP bought a new stake in shares of DXP Enterprises in the fourth quarter valued at about $67,901,000. Arrowstreet Capital Limited Partnership boosted its stake in shares of DXP Enterprises by 2,589.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 149,349 shares of the industrial products company’s stock valued at $12,339,000 after purchasing an additional 143,795 shares during the last quarter. FMR LLC grew its stake in shares of DXP Enterprises by 21.8% during the third quarter. FMR LLC now owns 776,950 shares of the industrial products company’s stock worth $41,458,000 after purchasing an additional 139,027 shares during the period. JPMorgan Chase & Co. grew its holdings in DXP Enterprises by 193.3% during the third quarter. JPMorgan Chase & Co. now owns 98,044 shares of the industrial products company’s stock valued at $5,232,000 after purchasing an additional 64,611 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC bought a new stake in shares of DXP Enterprises in the 3rd quarter valued at $3,355,000. 74.82% of the stock is currently owned by institutional investors.

DXP Enterprises Company Profile

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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).

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