DXP Enterprises (NASDAQ:DXPE) Stock Price Crosses Above 200-Day Moving Average of $43.35

Shares of DXP Enterprises, Inc. (NASDAQ:DXPE) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $43.35 and traded as high as $45.38. DXP Enterprises shares last traded at $44.91, with a volume of 40,723 shares.

Wall Street Analyst Weigh In

DXPE has been the topic of several recent analyst reports. StockNews.com downgraded shares of DXP Enterprises from a “strong-buy” rating to a “buy” rating in a research note on Friday, May 10th. TheStreet upgraded DXP Enterprises from a “c+” rating to a “b-” rating in a research note on Thursday, March 14th.

DXP Enterprises Stock Up 0.0 %

The company has a market capitalization of $715.33 million, a PE ratio of 12.48 and a beta of 1.60. The business’s 50-day simple moving average is $49.08 and its 200-day simple moving average is $43.35. The company has a current ratio of 2.69, a quick ratio of 2.22 and a debt-to-equity ratio of 1.39.

DXP Enterprises (NASDAQ:DXPE) last issued its quarterly earnings data on Wednesday, May 8th. The industrial products company reported $0.74 EPS for the quarter. DXP Enterprises had a net margin of 3.75% and a return on equity of 17.93%. The business had revenue of $412.64 million for the quarter. As a group, equities research analysts anticipate that DXP Enterprises, Inc. will post 3.16 EPS for the current fiscal year.

Insider Activity

In other DXP Enterprises news, CMO Paz Maestas sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $48.14, for a total transaction of $192,560.00. Following the completion of the sale, the chief marketing officer now directly owns 621,867 shares in the company, valued at approximately $29,936,677.38. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 22.10% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Quest Partners LLC acquired a new position in DXP Enterprises in the fourth quarter valued at approximately $80,000. Allspring Global Investments Holdings LLC raised its position in shares of DXP Enterprises by 36.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 6,380 shares of the industrial products company’s stock worth $215,000 after acquiring an additional 1,701 shares in the last quarter. Louisiana State Employees Retirement System purchased a new position in shares of DXP Enterprises in the 4th quarter valued at $222,000. Maryland State Retirement & Pension System purchased a new stake in shares of DXP Enterprises in the 1st quarter valued at about $244,000. Finally, BOKF NA purchased a new position in shares of DXP Enterprises during the first quarter worth approximately $269,000. 74.82% of the stock is owned by hedge funds and other 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 in the United States and Canada. It operates through three segments: Service Centers (SC), Supply Chain Services (SCS), and Innovative Pumping Solutions (IPS).