DXP Enterprises, Inc. (NASDAQ:DXPE) Short Interest Down 16.3% in March
by Teresa Graham · The Cerbat GemDXP Enterprises, Inc. (NASDAQ:DXPE – Get Free Report) was the recipient of a significant drop in short interest in March. As of March 31st, there was short interest totaling 318,312 shares, a drop of 16.3% from the March 15th total of 380,321 shares. Based on an average daily trading volume, of 201,108 shares, the short-interest ratio is currently 1.6 days. Currently, 2.7% of the shares of the stock are short sold.
Insider Buying and Selling at DXP Enterprises
In other DXP Enterprises news, Director Joseph R. Mannes sold 1,500 shares of the business’s stock in a transaction on Monday, March 9th. The shares were sold at an average price of $137.95, for a total transaction of $206,925.00. Following the sale, the director owned 13,964 shares of the company’s stock, valued at approximately $1,926,333.80. The trade was a 9.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 22.70% of the company’s stock.
Institutional Investors Weigh In On DXP Enterprises
Several large investors have recently added to or reduced their stakes in DXPE. ProShare Advisors LLC lifted its position in shares of DXP Enterprises by 3.4% during the 4th quarter. ProShare Advisors LLC now owns 2,527 shares of the industrial products company’s stock valued at $277,000 after acquiring an additional 82 shares during the period. CANADA LIFE ASSURANCE Co increased its holdings in DXP Enterprises by 0.9% during the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 10,857 shares of the industrial products company’s stock worth $950,000 after purchasing an additional 100 shares in the last quarter. Apollon Wealth Management LLC raised its position in DXP Enterprises by 2.4% in the 3rd quarter. Apollon Wealth Management LLC now owns 5,119 shares of the industrial products company’s stock valued at $610,000 after buying an additional 119 shares during the last quarter. Private Advisor Group LLC lifted its position in shares of DXP Enterprises by 1.2% during the third quarter. Private Advisor Group LLC now owns 10,247 shares of the industrial products company’s stock valued at $1,220,000 after purchasing an additional 122 shares in the last quarter. Finally, Amalgamated Bank lifted its position in shares of DXP Enterprises by 3.5% during the 3rd quarter. Amalgamated Bank now owns 3,749 shares of the industrial products company’s stock worth $446,000 after buying an additional 128 shares in the last quarter. Institutional investors and hedge funds own 74.82% of the company’s stock.
DXP Enterprises Stock Up 5.4%
Shares of DXPE opened at $159.37 on Friday. The stock’s 50-day moving average price is $143.49 and its two-hundred day moving average price is $123.65. DXP Enterprises has a 12 month low of $75.58 and a 12 month high of $171.70. The company has a market capitalization of $2.47 billion, a PE ratio of 29.62 and a beta of 0.96. The company has a current ratio of 3.34, a quick ratio of 2.94 and a debt-to-equity ratio of 1.64.
DXP Enterprises (NASDAQ:DXPE – Get Free Report) last issued its quarterly earnings data on Wednesday, February 25th. The industrial products company reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.48. The company had revenue of $527.39 million during the quarter, compared to the consensus estimate of $499.00 million. DXP Enterprises had a return on equity of 18.83% and a net margin of 4.40%. On average, analysts anticipate that DXP Enterprises will post 4.07 EPS for the current year.
Analyst Upgrades and Downgrades
Several equities research analysts recently weighed in on the company. Weiss Ratings reissued a “buy (b-)” rating on shares of DXP Enterprises in a report on Monday, December 29th. Zacks Research upgraded DXP Enterprises from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 12th. Loop Capital set a $154.00 price target on DXP Enterprises in a report on Monday, March 2nd. Finally, Wall Street Zen upgraded shares of DXP Enterprises from a “hold” rating to a “buy” rating in a report on Saturday, March 28th. One analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $154.00.
Get Our Latest Research Report on DXP Enterprises
DXP Enterprises Company Profile
DXP Enterprises, Inc is a Houston, Texas–based industrial products and services distributor serving customers across North America. The company provides a broad portfolio of maintenance, repair and operations (MRO) supplies, including fluid power components, safety products, mechanical power transmission parts, and instrumentation. DXP’s product offering spans well-recognized private brands as well as equipment and parts from leading global manufacturers, enabling clients in energy, heavy industrial and manufacturing sectors to source critical components from a single supplier.
Through its network of service centers and specialized repair facilities, DXP delivers inventory management programs, turnkey fluid power rebuilds and custom assembly solutions.