The stock of DXP Enterprises Inc (NASDAQ:DXPE) is a huge mover today! About 218,786 shares traded hands. DXP Enterprises Inc (NASDAQ:DXPE) has risen 30.17% since April 27, 2016 and is uptrending. It has outperformed by 24.94% the S&P500.
The move comes after 5 months positive chart setup for the $562.99 million company. It was reported on Nov, 30 by Barchart.com. We have $34.69 PT which if reached, will make NASDAQ:DXPE worth $28.15 million more.
Analysts await DXP Enterprises Inc (NASDAQ:DXPE) to report earnings on February, 24.
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 1.17 in 2016 Q2. Its down 0.02, from 1.19 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.
Gam Holdg Ag owns 200,000 shares or 0.05% of their US portfolio. Citigroup, a New York-based fund reported 53,445 shares. Blackrock Institutional Na has 0% invested in the company for 335,307 shares. Schwab Charles Invest Mngmt accumulated 39,148 shares or 0% of the stock. Metropolitan Life Insurance Ny holds 0% of its portfolio in DXP Enterprises Inc (NASDAQ:DXPE) for 10,334 shares. Manufacturers Life Insurance The has invested 0% of its portfolio in DXP Enterprises Inc (NASDAQ:DXPE). Snow Lp has invested 0.09% of its portfolio in DXP Enterprises Inc (NASDAQ:DXPE). King Luther Capital Corp, a Texas-based fund reported 435,375 shares. State Board Of Administration Of Florida Retirement System has 0% invested in the company for 11,751 shares. Prudential accumulated 39,418 shares or 0% of the stock. Stephens Inc Ar reported 62,454 shares or 0.04% of all its holdings. Teachers Advsrs reported 20,565 shares or 0% of all its holdings. Systematic Financial Mngmt Limited Partnership holds 0.02% of its portfolio in DXP Enterprises Inc (NASDAQ:DXPE) for 109,573 shares. Creative Planning has 0% invested in the company for 400 shares. Ameriprise Financial Incorporated has 305,586 shares for 0% of their US portfolio.
Insider Transactions: Since August 3, 2016, the stock had 1 buying transaction, and 5 sales for $2.23 million net activity. 172,746 shares with value of $2.76 million were bought by GMT CAPITAL CORP on Wednesday, August 3. The insider HAMLIN TODD sold 1,500 shares worth $45,120. MESSERSMITH GARY A sold $389,385 worth of stock. Another trade for 1,000 shares valued at $29,800 was made by Jeffery John Jay on Tuesday, August 16.
More notable recent DXP Enterprises Inc (NASDAQ:DXPE) news were published by: Marketwatch.com which released: “/quotes/zigman/3870025/realtime” on June 26, 2009, also Fool.com with their article: “Why DXP Enterprises, Inc.’s Shares Popped 51% Today” published on August 10, 2016, Businesswire.com published: “DXP Enterprises Announces Public Offering of Common Stock” on October 20, 2016. More interesting news about DXP Enterprises Inc (NASDAQ:DXPE) were released by: Businesswire.com and their article: “DXP Enterprises, Inc. Announces Definitive Agreement to Purchase B27, LLC” published on December 09, 2013 as well as Businesswire.com‘s news article titled: “DXP Enterprises, Inc. Announces Results of Arbitration With ITT Goulds Pump” with publication date: September 24, 2015.
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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