DXP Enterprises (NASDAQ:DXPE – Get Rating) was downgraded by equities research analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued on Thursday.
DXP Enterprises Price Performance
NASDAQ:DXPE opened at $28.39 on Thursday. The company has a current ratio of 1.91, a quick ratio of 1.40 and a debt-to-equity ratio of 0.84. The company has a market capitalization of $535.07 million, a P/E ratio of 15.77 and a beta of 1.98. DXP Enterprises has a 12 month low of $22.09 and a 12 month high of $36.26. The business’s 50-day moving average is $26.04 and its 200 day moving average is $27.96.
DXP Enterprises (NASDAQ:DXPE – Get Rating) last posted its earnings results on Monday, August 8th. The industrial products company reported $0.74 EPS for the quarter. The company had revenue of $367.81 million for the quarter. DXP Enterprises had a return on equity of 9.64% and a net margin of 2.76%. On average, equities research analysts forecast that DXP Enterprises will post 2.38 earnings per share for the current fiscal year.
Institutional Investors Weigh In On DXP Enterprises
Several large investors have recently added to or reduced their stakes in DXPE. Lazard Asset Management LLC bought a new stake in DXP Enterprises during the second quarter worth approximately $32,000. KBC Group NV bought a new stake in DXP Enterprises during the second quarter worth approximately $42,000. Captrust Financial Advisors increased its stake in DXP Enterprises by 67.8% during the first quarter. Captrust Financial Advisors now owns 1,606 shares of the industrial products company’s stock worth $44,000 after acquiring an additional 649 shares during the last quarter. Mutual of America Capital Management LLC increased its stake in DXP Enterprises by 15.8% during the second quarter. Mutual of America Capital Management LLC now owns 2,880 shares of the industrial products company’s stock worth $88,000 after acquiring an additional 394 shares during the last quarter. Finally, State of Tennessee Treasury Department grew its stake in DXP Enterprises by 17.9% in the first quarter. State of Tennessee Treasury Department now owns 6,214 shares of the industrial products company’s stock worth $168,000 after purchasing an additional 942 shares in the last quarter. 71.91% of the stock is owned by institutional investors.
DXP Enterprises Company Profile
DXP Enterprises, Inc, together with its subsidiaries, engages in distributing maintenance, repair, and operating (MRO) products, equipment, and services to the energy and industrial customers primarily in the United States and Canada. It operates through three segments: Service Centers (SC), Supply Chain Services (SCS), and Innovative Pumping Solutions (IPS).