DXP Enterprises (NASDAQ:DXPE) Trading Down 8.6% – Should You Sell?

DXP Enterprises, Inc. (NASDAQ:DXPE)’s stock price dropped 8.6% on Friday . The company traded as low as $73.14 and last traded at $71.73. Approximately 109,458 shares were traded during mid-day trading, a decline of 28% from the average daily volume of 151,099 shares. The stock had previously closed at $78.45.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded DXP Enterprises from a “buy” rating to a “hold” rating in a research note on Friday, December 20th.

DXP Enterprises Stock Performance

The stock’s 50-day moving average price is $94.36 and its 200 day moving average price is $72.80. The company has a quick ratio of 1.78, a current ratio of 2.22 and a debt-to-equity ratio of 1.29. The company has a market cap of $1.24 billion, a P/E ratio of 20.28 and a beta of 1.66.

DXP Enterprises (NASDAQ:DXPE) last announced its earnings results on Thursday, March 6th. The industrial products company reported $1.38 EPS for the quarter, topping the consensus estimate of $0.89 by $0.49. DXP Enterprises had a net margin of 3.75% and a return on equity of 18.74%. The firm had revenue of $470.91 million for the quarter, compared to the consensus estimate of $447.00 million. As a group, research analysts expect that DXP Enterprises, Inc. will post 4.07 EPS for the current fiscal year.

Institutional Trading of DXP Enterprises

Several hedge funds have recently added to or reduced their stakes in the business. Global Retirement Partners LLC boosted its position in shares of DXP Enterprises by 2,220.0% in the fourth quarter. Global Retirement Partners LLC now owns 348 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 333 shares during the period. Quantbot Technologies LP bought a new stake in DXP Enterprises in the 3rd quarter valued at $41,000. Smartleaf Asset Management LLC grew its position in DXP Enterprises by 3,150.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 520 shares of the industrial products company’s stock worth $43,000 after purchasing an additional 504 shares during the last quarter. Lazard Asset Management LLC bought a new position in shares of DXP Enterprises during the 4th quarter worth about $159,000. Finally, Hsbc Holdings PLC acquired a new position in shares of DXP Enterprises during the fourth quarter valued at about $208,000. Institutional investors own 74.82% of the company’s stock.

About DXP Enterprises

DXP Enterprises, Inc, together with its subsidiaries, engages in distributing maintenance, repair, and operating (MRO) products, equipment, and services in the United States and Canada. It operates through three segments: Service Centers (SC), Supply Chain Services (SCS), and Innovative Pumping Solutions (IPS).