The stock of DXP Enterprises Inc (NASDAQ:DXPE) is a huge mover today! About 113,069 shares traded hands. DXP Enterprises Inc (NASDAQ:DXPE) has risen 78.75% since March 9, 2016 and is uptrending. It has outperformed by 71.33% the S&P500.
The move comes after 9 months negative chart setup for the $421.46M company. It was reported on Oct, 12 by Barchart.com. We have $25.90 PT which if reached, will make NASDAQ:DXPE worth $42.15 million less.
Analysts await DXP Enterprises Inc (NASDAQ:DXPE) to report earnings on November, 3. They expect $0.16 earnings per share, down 63.64% or $0.28 from last year’s $0.44 per share. DXPE’s profit will be $2.34M for 44.97 P/E if the $0.16 EPS becomes a reality. After $0.34 actual earnings per share reported by DXP Enterprises Inc for the previous quarter, Wall Street now forecasts -52.94% negative EPS growth.
According to Zacks Investment Research, “DXP Enterprises Inc. is a leading supplier of maintenance, repair and operating products, equipment and services to industrial customers. The company offers its customers a single source of supply on an efficient and competitive basis by being a first-tier distributor which purchases its products directly from the manufacturer. The company also provides value-added services such as system design, fabrication, installation, repair and maintenance for its customers.”
Insitutional Activity: The institutional sentiment decreased to 1.19 in Q2 2016. Its down 0.57, from 1.76 in 2016Q1. The ratio is negative, as 16 funds sold all DXP Enterprises Inc shares owned while 26 reduced positions. 13 funds bought stakes while 37 increased positions. They now own 11.67 million shares or 15.44% more from 10.11 million shares in 2016Q1.
Blackrock Fund Advsr last reported 0% of its portfolio in the stock. Savings Bank Of New York Mellon Corp owns 138,372 shares or 0% of their US portfolio. Deutsche National Bank Ag last reported 90,321 shares in the company. New York State Common Retirement Fund has invested 0% of its portfolio in DXP Enterprises Inc (NASDAQ:DXPE). Federated Pa owns 62,411 shares or 0% of their US portfolio. Blackrock holds 0% of its portfolio in DXP Enterprises Inc (NASDAQ:DXPE) for 20,891 shares. Peak6 Lp owns 44,049 shares or 0.01% of their US portfolio. California State Teachers Retirement Systems has 27,160 shares for 0% of their US portfolio. Wellington Management Gru Llp holds 0% of its portfolio in DXP Enterprises Inc (NASDAQ:DXPE) for 27,400 shares. Tiaa Cref Inv Limited Liability owns 72,981 shares or 0% of their US portfolio. Ls Advsrs Ltd Co holds 0% of its portfolio in DXP Enterprises Inc (NASDAQ:DXPE) for 435 shares. The United Kingdom-based Blackrock has invested 0% in DXP Enterprises Inc (NASDAQ:DXPE). Los Angeles Capital Management And Equity Rech holds 0% of its portfolio in DXP Enterprises Inc (NASDAQ:DXPE) for 20,665 shares. California Pub Employees Retirement last reported 0% of its portfolio in the stock. Barclays Public Limited Com holds 0% of its portfolio in DXP Enterprises Inc (NASDAQ:DXPE) for 1,100 shares.
Insider Transactions: Since August 3, 2016, the stock had 1 buy, and 4 sales for $2.28 million net activity. 1,000 DXP Enterprises Inc (NASDAQ:DXPE) shares with value of $29,800 were sold by Jeffery John Jay. GMT CAPITAL CORP also bought $2.76 million worth of DXP Enterprises Inc (NASDAQ:DXPE) on Wednesday, August 3. $389,385 worth of DXP Enterprises Inc (NASDAQ:DXPE) shares were sold by MESSERSMITH GARY A. HAMLIN TODD had sold 1,000 shares worth $29,790 on Tuesday, August 16.
More notable recent DXP Enterprises Inc (NASDAQ:DXPE) news were published by: Fool.com which released: “Why DXP Enterprises, Inc.’s Shares Popped 51% Today” on August 10, 2016, also Businesswire.com with their article: “DXP Enterprises, Inc. Announces Results of Arbitration With ITT Goulds Pump” published on September 24, 2015, Streetinsider.com published: “Houston Wire & Cable (HWCC) Acquires Vertex from DXP Enterprises (DXPE)” on October 03, 2016. More interesting news about DXP Enterprises Inc (NASDAQ:DXPE) were released by: Businesswire.com and their article: “DXP Enterprises Announces Acquisition of Cortech Engineering” published on September 08, 2015 as well as Businesswire.com‘s news article titled: “DXP Enterprises Announces 2016 Second Quarter Results” with publication date: August 09, 2016.
DXPE Company Profile
DXP Enterprises, Inc. (DXP), incorporated on July 26, 1996, is engaged in the business of distributing maintenance, repair and operating (MRO) products, equipment and service to industrial customers. The Firm operates through three divisions: 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. The Supply Chain Services segment manages all or part of a customer’s supply chain, including procurement and inventory management. The Innovative Pumping Solutions segment provides source for engineering, systems design and fabrication. The Firm operates from approximately 190 locations in over 40 states in the United States, approximately 10 provinces in Canada, Dubai and over one state in Mexico.
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