BidaskClub downgraded shares of DXP Enterprises (NASDAQ:DXPE) from a hold rating to a sell rating in a report released on Wednesday, BidAskClub reports.

Several other equities analysts also recently commented on the company. Zacks Investment Research downgraded DXP Enterprises from a buy rating to a hold rating in a research note on Monday, August 5th. TheStreet downgraded DXP Enterprises from a b rating to a c+ rating in a research note on Wednesday, May 15th. ValuEngine downgraded DXP Enterprises from a hold rating to a sell rating in a research note on Friday, July 12th. Jefferies Financial Group started coverage on DXP Enterprises in a research note on Thursday, April 25th. They issued a hold rating and a $47.00 price objective on the stock. Finally, Stephens set a $47.00 price objective on DXP Enterprises and gave the company a buy rating in a research note on Wednesday, May 8th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of $47.00.

Shares of NASDAQ:DXPE traded down $0.55 during midday trading on Wednesday, reaching $31.56. The company’s stock had a trading volume of 1,238 shares, compared to its average volume of 87,730. The firm has a market capitalization of $564.22 million, a price-to-earnings ratio of 16.34, a price-to-earnings-growth ratio of 0.77 and a beta of 2.65. The company has a quick ratio of 1.75, a current ratio of 2.56 and a debt-to-equity ratio of 0.87. The stock has a 50 day moving average of $34.06. DXP Enterprises has a fifty-two week low of $26.95 and a fifty-two week high of $49.15.

DXP Enterprises (NASDAQ:DXPE) last released its earnings results on Tuesday, August 6th. The industrial products company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.08. DXP Enterprises had a return on equity of 12.86% and a net margin of 3.19%. The company had revenue of $333.30 million during the quarter, compared to analyst estimates of $331.07 million. During the same period in the prior year, the company posted $0.61 earnings per share. DXP Enterprises’s quarterly revenue was up 7.1% on a year-over-year basis. As a group, sell-side analysts anticipate that DXP Enterprises will post 2.39 EPS for the current year.

Hedge funds have recently made changes to their positions in the company. Nuveen Asset Management LLC acquired a new stake in shares of DXP Enterprises during the second quarter worth approximately $8,671,000. Wells Fargo & Company MN grew its position in shares of DXP Enterprises by 55.3% during the second quarter. Wells Fargo & Company MN now owns 255,979 shares of the industrial products company’s stock worth $9,699,000 after buying an additional 91,152 shares in the last quarter. Marshall Wace LLP acquired a new stake in shares of DXP Enterprises during the first quarter worth approximately $1,721,000. BlackRock Inc. grew its position in shares of DXP Enterprises by 1.4% during the second quarter. BlackRock Inc. now owns 2,500,228 shares of the industrial products company’s stock worth $94,734,000 after buying an additional 34,365 shares in the last quarter. Finally, South Dakota Investment Council grew its position in shares of DXP Enterprises by 139.8% during the first quarter. South Dakota Investment Council now owns 43,410 shares of the industrial products company’s stock worth $1,690,000 after buying an additional 25,310 shares in the last quarter. Institutional investors and hedge funds own 79.37% of the company’s stock.

About DXP Enterprises

DXP Enterprises, Inc engages in distributing maintenance, repair, and operating (MRO) products, equipment, and services to energy and industrial customers in the United States. It operates in three segments: Service Centers, Supply Chain Services, and Innovative Pumping Solutions. The Service Centers segment offers MRO products, equipment, and integrated services, including technical expertise and logistics services.

See Also: What is a Stop Order?

Receive News & Ratings for DXP Enterprises Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DXP Enterprises and related companies with MarketBeat.com's FREE daily email newsletter.