DXP Enterprises (NASDAQ:DXPE) Stock Crosses Above 200-Day Moving Average – Should You Sell?

DXP Enterprises, Inc. (NASDAQ:DXPE) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $64.14 and traded as high as $102.55. DXP Enterprises shares last traded at $102.13, with a volume of 215,015 shares trading hands.

Wall Street Analysts Forecast Growth

Several research firms recently commented on DXPE. Stephens boosted their target price on DXP Enterprises from $65.00 to $75.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. StockNews.com lowered shares of DXP Enterprises from a “buy” rating to a “hold” rating in a research note on Friday, December 20th.

DXP Enterprises Price Performance

The company has a debt-to-equity ratio of 1.29, a current ratio of 2.22 and a quick ratio of 1.78. The company’s 50 day simple moving average is $84.04 and its 200 day simple moving average is $64.14. The company has a market capitalization of $1.60 billion, a PE ratio of 26.32 and a beta of 1.67.

DXP Enterprises (NASDAQ:DXPE) last announced its quarterly earnings results on Monday, November 4th. The industrial products company reported $1.43 EPS for the quarter, topping the consensus estimate of $0.95 by $0.48. DXP Enterprises had a net margin of 3.75% and a return on equity of 18.74%. The firm had revenue of $472.94 million for the quarter. During the same quarter in the prior year, the business earned $0.93 earnings per share. As a group, sell-side analysts predict that DXP Enterprises, Inc. will post 4.07 earnings per share for the current year.

Insider Buying and Selling at DXP Enterprises

In other news, insider Christopher T. Gregory sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $73.10, for a total value of $73,100.00. Following the transaction, the insider now owns 29,606 shares of the company’s stock, valued at approximately $2,164,198.60. The trade was a 3.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 22.40% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Quantbot Technologies LP acquired a new position in shares of DXP Enterprises during the 3rd quarter worth $41,000. SG Americas Securities LLC purchased a new position in shares of DXP Enterprises during the 3rd quarter worth approximately $197,000. Longboard Asset Management LP acquired a new position in shares of DXP Enterprises during the 4th quarter worth approximately $216,000. Savant Capital LLC purchased a new stake in DXP Enterprises in the 4th quarter valued at approximately $230,000. Finally, Jane Street Group LLC grew its holdings in DXP Enterprises by 9.6% during the 3rd quarter. Jane Street Group LLC now owns 5,915 shares of the industrial products company’s stock valued at $316,000 after buying an additional 517 shares during the last quarter. 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).