Market Runner: Could DXP Enterprises Inc Skyrocket Even More? The Stock Just Made 52-Week High

Market Runner: Could DXP Enterprises Inc Skyrocket Even More? The Stock Just Made 52 Week High

The stock of DXP Enterprises Inc (NASDAQ:DXPE) hit a new 52-week high and has $37.08 target or 7.00% above today’s $34.65 share price. The 6 months bullish chart indicates low risk for the $677.76 million company. The 1-year high was reported on Dec, 1 by Barchart.com. If the $37.08 price target is reached, the company will be worth $47.44M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 311,225 shares traded hands. DXP Enterprises Inc (NASDAQ:DXPE) has risen 52.65% since April 28, 2016 and is uptrending. It has outperformed by 46.73% the S&P500.

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 Q2 2016. Its down 0.02, from 1.19 in 2016Q1. The ratio fall, 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.
Sei Invests owns 3,745 shares or 0% of their US portfolio. The Illinois-based Envestnet Asset Management has invested 0% in DXP Enterprises Inc (NASDAQ:DXPE). Jacobs Levy Equity Incorporated holds 0.02% of its portfolio in DXP Enterprises Inc (NASDAQ:DXPE) for 50,101 shares. The New York-based Blackrock has invested 0% in DXP Enterprises Inc (NASDAQ:DXPE). Qs Invsts Limited Com holds 17 shares or 0% of its portfolio. Bnp Paribas Arbitrage accumulated 0% or 4,197 shares. Public Employees Retirement Association Of Colorado has 4,989 shares for 0% of their US portfolio. Teacher Retirement Of Texas has invested 0% of its portfolio in DXP Enterprises Inc (NASDAQ:DXPE). The Us-based Grandeur Peak Ltd has invested 0.09% in DXP Enterprises Inc (NASDAQ:DXPE). Principal Financial Group has 0% invested in the company for 89,356 shares. Oxford Asset Mgmt accumulated 0.06% or 95,894 shares. Sns Ltd Liability has 11,000 shares for 0.04% of their US portfolio. D E Shaw & Inc has 20,090 shares for 0% of their US portfolio. Jpmorgan Chase And, a New York-based fund reported 467,705 shares. The New York-based Renaissance Ltd Limited Liability Company has invested 0.01% in DXP Enterprises Inc (NASDAQ:DXPE).

Insider Transactions: Since August 3, 2016, the stock had 1 buying transaction, and 5 selling transactions for $2.23 million net activity. Another trade for 1,000 shares valued at $29,790 was sold by HAMLIN TODD. Shares for $28,070 were sold by Jeffery John Jay on Friday, September 30. MESSERSMITH GARY A had sold 14,500 shares worth $389,385 on Monday, September 12. 172,746 shares were bought by GMT CAPITAL CORP, worth $2.76 million.

More notable recent DXP Enterprises Inc (NASDAQ:DXPE) news were published by: Marketwatch.com which released: “Plus the latest data from Realtor.com on 21 home markets across the US” 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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