DXP Enterprises (NASDAQ:DXPE) Given New $95.00 Price Target at Stephens

DXP Enterprises (NASDAQ:DXPE) had its price target lifted by Stephens from $75.00 to $95.00 in a report released on Monday,Benzinga reports. Stephens currently has an overweight rating on the industrial products company’s stock.

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

DXP Enterprises Stock Performance

NASDAQ:DXPE opened at $76.67 on Monday. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.78 and a current ratio of 2.22. DXP Enterprises has a fifty-two week low of $43.25 and a fifty-two week high of $107.06. The company has a 50 day simple moving average of $94.25 and a two-hundred day simple moving average of $73.14. The company has a market capitalization of $1.20 billion, a PE ratio of 19.76 and a beta of 1.66.

DXP Enterprises (NASDAQ:DXPE) last posted its quarterly earnings data on Thursday, March 6th. The industrial products company reported $1.38 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.49. DXP Enterprises had a net margin of 3.75% and a return on equity of 18.74%. The company had revenue of $470.91 million for the quarter, compared to analyst estimates of $447.00 million. Research analysts anticipate that DXP Enterprises will post 4.07 earnings per share for the current year.

Institutional Trading of DXP Enterprises

Several large investors have recently modified their holdings of DXPE. CWA Asset Management Group LLC acquired a new position in DXP Enterprises during the 3rd quarter worth approximately $1,107,000. Pacer Advisors Inc. raised its position in shares of DXP Enterprises by 4.1% during the third quarter. Pacer Advisors Inc. now owns 744,587 shares of the industrial products company’s stock worth $39,731,000 after purchasing an additional 29,131 shares during the period. FMR LLC lifted its holdings in shares of DXP Enterprises by 21.8% in the 3rd 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 in the last quarter. Quantbot Technologies LP acquired a new stake in DXP Enterprises in the 3rd quarter valued at $41,000. Finally, De Lisle Partners LLP grew its position in DXP Enterprises by 96.7% in the 3rd quarter. De Lisle Partners LLP now owns 21,654 shares of the industrial products company’s stock valued at $1,157,000 after purchasing an additional 10,645 shares during the period. Institutional investors and hedge funds 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).