DXP Enterprises (NASDAQ:DXPE) was downgraded by research analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a report released on Saturday.

Separately, Zacks Investment Research raised shares of DXP Enterprises from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 23rd. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $44.00.

DXP Enterprises (DXPE) opened at $32.02 on Friday. The company has a debt-to-equity ratio of 0.91, a current ratio of 2.51 and a quick ratio of 1.79. The firm has a market cap of $594.97 and a P/E ratio of 32.67. DXP Enterprises has a 52-week low of $24.86 and a 52-week high of $42.00.

DXP Enterprises (NASDAQ:DXPE) last posted its quarterly earnings data on Thursday, November 2nd. The industrial products company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.06). The firm had revenue of $251.90 million during the quarter, compared to analyst estimates of $250.42 million. DXP Enterprises had a net margin of 1.83% and a return on equity of 6.87%. The business’s quarterly revenue was up 9.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.02 EPS. analysts forecast that DXP Enterprises will post 0.67 EPS for the current year.

In related news, CEO David R. Little sold 13,500 shares of the company’s stock in a transaction that occurred on Thursday, December 27th. The shares were sold at an average price of $29.50, for a total transaction of $398,250.00. Following the completion of the transaction, the chief executive officer now owns 1,368,214 shares of the company’s stock, valued at $40,362,313. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Kent Nee Hung Yee sold 2,200 shares of the company’s stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of $29.69, for a total transaction of $65,318.00. Following the transaction, the insider now directly owns 40,984 shares of the company’s stock, valued at approximately $1,216,814.96. The disclosure for this sale can be found here. Insiders have sold 34,200 shares of company stock valued at $1,010,218 in the last ninety days. 11.30% of the stock is currently owned by company insiders.

Hedge funds have recently modified their holdings of the stock. Municipal Employees Retirement System of Michigan increased its position in DXP Enterprises by 59.9% during the third quarter. Municipal Employees Retirement System of Michigan now owns 5,820 shares of the industrial products company’s stock worth $183,000 after purchasing an additional 2,180 shares during the last quarter. Voya Investment Management LLC acquired a new position in DXP Enterprises during the second quarter worth approximately $243,000. BNP Paribas Arbitrage SA increased its position in DXP Enterprises by 46.7% during the third quarter. BNP Paribas Arbitrage SA now owns 8,346 shares of the industrial products company’s stock worth $263,000 after purchasing an additional 2,658 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. acquired a new position in DXP Enterprises during the third quarter worth approximately $290,000. Finally, Thrivent Financial For Lutherans increased its position in DXP Enterprises by 6.9% during the second quarter. Thrivent Financial For Lutherans now owns 9,330 shares of the industrial products company’s stock worth $322,000 after purchasing an additional 600 shares during the last quarter. 74.40% of the stock is owned by hedge funds and other institutional investors.

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DXP Enterprises Company Profile

DXP Enterprises, Inc (DXP) is engaged in the business of distributing maintenance, repair and operating (MRO) products, equipment and service to industrial customers. The Company operates through three segments: Service Centers, Supply Chain Services and Innovative Pumping Solutions. The Service Centers segment provides MRO products, equipment and services, including technical expertise and logistics capabilities to industrial customers.

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