Swedbank AB Trims Stock Holdings in Distribution Solutions Group, Inc. $DSGR

Swedbank AB lowered its holdings in shares of Distribution Solutions Group, Inc. (NASDAQ:DSGR) by 7.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 625,000 shares of the company’s stock after selling 50,000 shares during the quarter. Swedbank AB’s holdings in Distribution Solutions Group were worth $17,119,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. BNP Paribas Financial Markets grew its position in shares of Distribution Solutions Group by 53.5% during the second quarter. BNP Paribas Financial Markets now owns 1,170 shares of the company’s stock worth $32,000 after purchasing an additional 408 shares in the last quarter. Quarry LP purchased a new stake in shares of Distribution Solutions Group during the third quarter worth about $42,000. Covestor Ltd grew its position in shares of Distribution Solutions Group by 27.3% during the third quarter. Covestor Ltd now owns 2,232 shares of the company’s stock worth $67,000 after purchasing an additional 478 shares in the last quarter. State of Alaska Department of Revenue purchased a new stake in shares of Distribution Solutions Group during the third quarter worth about $80,000. Finally, Tudor Investment Corp ET AL purchased a new stake in shares of Distribution Solutions Group during the third quarter worth about $226,000. Hedge funds and other institutional investors own 91.64% of the company’s stock.

Distribution Solutions Group Price Performance

Shares of Distribution Solutions Group stock opened at $27.40 on Friday. The stock has a 50 day moving average of $26.34 and a 200 day moving average of $27.86. Distribution Solutions Group, Inc. has a 12 month low of $19.02 and a 12 month high of $33.80. The firm has a market cap of $1.27 billion, a PE ratio of 228.33 and a beta of 0.56. The company has a current ratio of 2.63, a quick ratio of 1.39 and a debt-to-equity ratio of 1.07.

Distribution Solutions Group (NASDAQ:DSGR) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.02). Distribution Solutions Group had a net margin of 0.27% and a return on equity of 8.49%. The firm had revenue of $496.00 million for the quarter, compared to the consensus estimate of $489.30 million. On average, research analysts expect that Distribution Solutions Group, Inc. will post 1.46 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on DSGR shares. Stephens reiterated an “overweight” rating and set a $36.00 target price on shares of Distribution Solutions Group in a research report on Tuesday. Weiss Ratings upgraded Distribution Solutions Group from a “sell (d)” rating to a “hold (c-)” rating in a research report on Monday. Zacks Research cut Distribution Solutions Group from a “hold” rating to a “strong sell” rating in a research report on Friday, March 13th. Finally, Barrington Research reiterated an “outperform” rating and set a $35.00 target price on shares of Distribution Solutions Group in a research report on Monday, March 16th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $35.50.

Insider Buying and Selling

In other news, Director Robert Zamarripa purchased 14,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 10th. The stock was bought at an average cost of $21.23 per share, with a total value of $297,220.00. Following the completion of the purchase, the director owned 47,105 shares in the company, valued at approximately $1,000,039.15. This represents a 42.29% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 78.80% of the company’s stock.

Distribution Solutions Group Company Profile

Distribution Solutions Group, Inc, a specialty distribution company, engages in the provision of value-added distribution solutions in North America, Europe, Asia, South America, and the Middle East. The company provides its solutions to the maintenance, repair, and operations (MRO); original equipment manufacturer (OEM); and industrial technology markets. It operates through three segments: Lawson, Gexpro Services, and TestEquity. The Lawson segment distributes of specialty products and services to the industrial, commercial, institutional, and government MRO market.