DXP Enterprises (NASDAQ:DXPE) Sets New 52-Week High at $54.51

Shares of DXP Enterprises, Inc. (NASDAQ:DXPE) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $54.51 and last traded at $54.51, with a volume of 27318 shares changing hands. The stock had previously closed at $53.91.

Wall Street Analysts Forecast Growth

DXPE has been the subject of a number of analyst reports. TheStreet upgraded DXP Enterprises from a “c+” rating to a “b-” rating in a research report on Thursday, March 14th. StockNews.com upgraded DXP Enterprises from a “buy” rating to a “strong-buy” rating in a report on Thursday, December 14th.

DXP Enterprises Stock Down 0.3 %

The stock has a market capitalization of $869.35 million, a price-to-earnings ratio of 13.85 and a beta of 1.67. The business has a fifty day moving average of $38.41 and a 200 day moving average of $34.94. The company has a debt-to-equity ratio of 1.37, a current ratio of 2.89 and a quick ratio of 2.43.

DXP Enterprises (NASDAQ:DXPE) last released its quarterly earnings results on Thursday, March 7th. The industrial products company reported $1.12 EPS for the quarter. The company had revenue of $407.04 million for the quarter. DXP Enterprises had a return on equity of 19.30% and a net margin of 4.10%. During the same quarter last year, the company earned $0.50 earnings per share. As a group, equities analysts predict that DXP Enterprises, Inc. will post 3.16 earnings per share for the current year.

Insider Activity at DXP Enterprises

In related news, CMO Paz Maestas sold 10,000 shares of the stock in a transaction on Friday, March 15th. The stock was sold at an average price of $49.14, for a total value of $491,400.00. Following the transaction, the chief marketing officer now owns 621,723 shares of the company’s stock, valued at $30,551,468.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 22.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On DXP Enterprises

Several hedge funds have recently made changes to their positions in the company. Fisher Asset Management LLC grew its holdings in shares of DXP Enterprises by 10.5% during the fourth quarter. Fisher Asset Management LLC now owns 40,659 shares of the industrial products company’s stock worth $1,370,000 after purchasing an additional 3,860 shares during the last quarter. Barclays PLC lifted its position in DXP Enterprises by 328.5% in the fourth quarter. Barclays PLC now owns 33,202 shares of the industrial products company’s stock valued at $1,119,000 after purchasing an additional 25,454 shares during the period. Nantahala Capital Management LLC lifted its position in shares of DXP Enterprises by 12.1% during the 4th quarter. Nantahala Capital Management LLC now owns 201,829 shares of the industrial products company’s stock valued at $6,802,000 after acquiring an additional 21,842 shares during the period. Nuveen Asset Management LLC increased its stake in shares of DXP Enterprises by 54.3% during the 4th quarter. Nuveen Asset Management LLC now owns 142,991 shares of the industrial products company’s stock worth $4,819,000 after purchasing an additional 50,347 shares in the last quarter. Finally, Public Sector Pension Investment Board grew its stake in DXP Enterprises by 62.4% in the 4th quarter. Public Sector Pension Investment Board now owns 27,527 shares of the industrial products company’s stock worth $928,000 after acquiring an additional 10,574 shares during the period. Hedge funds and other 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).