DXP Enterprises (DXPE) is set to report earnings on Friday
DXP Enterprises (NASDAQ:DXPE – Get Rating) will release earnings data ahead of market open Friday, March 25.
Shares of DXP Enterprises opened at $30.04 on Wednesday. The company has a debt ratio of 0.87, a current ratio of 2.18 and a quick ratio of 1.61. DXP Enterprises has a 12-month low of $23.33 and a 12-month high of $36.26. The company has a market capitalization of $563.28 million, a price-earnings ratio of 44.84 and a beta of 2.26. The company’s 50-day moving average is $28.75.
A number of analysts have weighed in on DXPE shares recently. Zacks Investment Research moved shares of DXP Enterprises from a “strong sell” rating to a “hold” rating in a Monday, March 7 research note. StockNews.com downgraded shares of DXP Enterprises from a “buy” rating to a “hold” rating in a Friday, March 18 research rating.
Hedge funds have recently increased or reduced their holdings in the stock. The Canada Pension Plan Investment Board bought a new position in DXP Enterprises during the fourth quarter worth $180,000. Royal Bank of Canada increased its position in shares of DXP Enterprises by 11.6% during the third quarter. Royal Bank of Canada now owns 7,482 shares of the industrial products company valued at $221,000 after acquiring 776 more shares in the last quarter. Wells Fargo & Company MN increased its position in shares of DXP Enterprises by 616.5% during the fourth quarter. Wells Fargo & Company MN now owns 10,711 shares of the industrial products company valued at $275,000 after acquiring 9,216 additional shares in the last quarter. Deutsche Bank AG increased its position in shares of DXP Enterprises by 5.5% during the fourth quarter. Deutsche Bank AG now owns 10,819 shares of the industrial products company valued at $278,000 after acquiring 566 additional shares in the last quarter. Finally, Citigroup Inc. increased its position in shares of DXP Enterprises by 39.4% during the fourth quarter. Citigroup Inc. now owns 13,128 shares of the industrial products company valued at $337,000 after acquiring 3,713 additional shares in the last quarter. Institutional investors hold 69.44% of the company’s shares.
About DXP Companies (Get a rating)
DXP Enterprises, Inc is committed to providing distribution solutions. It operates through the following segments: Service Centers, Supply Chain Services and Innovative Pumping Solutions. The Service Center segment focuses on maintenance, repair and operation (MRO) products in the categories of rotating equipment, bearings, power transmission, hoses, hydraulic power, labor metals, industrial supply, security products and security services.
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