Exclusive: Could DXP Enterprises Inc Change Direction After Today’s Significant Increase?

Exclusive: Could DXP Enterprises Inc Change Direction After Today's Significant Increase?

The stock of DXP Enterprises Inc (NASDAQ:DXPE) is a huge mover today! About 204,911 shares traded hands. DXP Enterprises Inc (NASDAQ:DXPE) has risen 33.28% since April 13, 2016 and is uptrending. It has outperformed by 29.35% the S&P500.
The move comes after 6 months positive chart setup for the $468.46M company. It was reported on Nov, 15 by Barchart.com. We have $56.56 PT which if reached, will make NASDAQ:DXPE worth $477.83M more.

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 dived, 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.
Public Employees Retirement Association Of Colorado owns 4,989 shares or 0% of their US portfolio. State Street accumulated 227,481 shares or 0% of the stock. Blackrock Institutional Tru Na, a California-based fund reported 335,307 shares. Vanguard Gp has 0% invested in the company for 554,951 shares. Principal Fincl Group Inc owns 89,356 shares or 0% of their US portfolio. Moreover, State Board Of Administration Of Florida Retirement Systems has 0% invested in DXP Enterprises Inc (NASDAQ:DXPE) for 11,751 shares. Jpmorgan Chase Co, a New York-based fund reported 467,705 shares. Van Berkom And Assoc Incorporated has invested 0.79% of its portfolio in DXP Enterprises Inc (NASDAQ:DXPE). Royal Financial Bank Of Canada holds 0% of its portfolio in DXP Enterprises Inc (NASDAQ:DXPE) for 1,894 shares. Teton Advisors reported 12,200 shares or 0.02% of all its holdings. Teacher Retirement Of Texas, a Texas-based fund reported 1,859 shares. Snow Capital Mngmt Limited Partnership accumulated 134,805 shares or 0.09% of the stock. Pinebridge Investments Limited Partnership accumulated 0% or 1,489 shares. Credit Suisse Ag holds 11,488 shares or 0% of its portfolio. Susquehanna Grp Inc Llp accumulated 0% or 20,135 shares.

Insider Transactions: Since August 3, 2016, the stock had 1 insider purchase, and 4 selling transactions for $2.28 million net activity. On Wednesday, August 3 the insider GMT CAPITAL CORP bought $2.76 million. 1,000 shares with value of $29,800 were sold by Jeffery John Jay on Tuesday, August 16. The insider MESSERSMITH GARY A sold 14,500 shares worth $389,385. HAMLIN TODD sold $29,790 worth of stock or 1,000 shares.

More recent DXP Enterprises Inc (NASDAQ:DXPE) news were published by: Nasdaq.com which released: “DXP Enterprises (DXPE) Reports Q3 Earnings, Sales Fall Y/Y” on November 15, 2016. Also Fool.com published the news titled: “Why DXP Enterprises, Inc.’s Shares Popped 51% Today” on August 10, 2016. Businesswire.com‘s news article titled: “DXP Enterprises Announces 2015 Fourth Quarter and Fiscal Year 2015 Results” with publication date: February 26, 2016 was also an interesting one.

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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