Distribution Solutions Group (NASDAQ:DSGR) Earns Overweight Rating from Stephens

Distribution Solutions Group (NASDAQ:DSGR)‘s stock had its “overweight” rating reaffirmed by investment analysts at Stephens in a research report issued to clients and investors on Tuesday,Benzinga reports. They presently have a $36.00 target price on the stock. Stephens’ price objective indicates a potential upside of 29.40% from the stock’s current price.

A number of other equities analysts also recently issued reports on DSGR. Zacks Research downgraded Distribution Solutions Group from a “hold” rating to a “strong sell” rating in a report on Friday, March 13th. Barrington Research reaffirmed an “outperform” rating and issued a $35.00 price target on shares of Distribution Solutions Group in a report on Monday, March 16th. Two research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $35.50.

Distribution Solutions Group Stock Up 2.2%

Shares of DSGR stock traded up $0.61 on Tuesday, reaching $27.82. 6,789 shares of the stock were exchanged, compared to its average volume of 128,657. The company has a current ratio of 2.63, a quick ratio of 1.39 and a debt-to-equity ratio of 1.07. The business’s 50 day moving average price is $26.48 and its 200 day moving average price is $27.88. The company has a market capitalization of $1.29 billion, a price-to-earnings ratio of 231.83 and a beta of 0.56. Distribution Solutions Group has a twelve month low of $19.02 and a twelve month high of $33.80.

Distribution Solutions Group (NASDAQ:DSGR) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.02). The business had revenue of $496.00 million during the quarter, compared to analyst estimates of $489.30 million. Distribution Solutions Group had a net margin of 0.27% and a return on equity of 8.49%. As a group, sell-side analysts expect that Distribution Solutions Group will post 1.46 earnings per share for the current fiscal year.

Insider Buying and Selling at Distribution Solutions Group

In other news, Director Robert Zamarripa acquired 14,000 shares of the firm’s stock in a transaction dated Tuesday, March 10th. The stock was acquired at an average cost of $21.23 per share, with a total value of $297,220.00. Following the completion of the acquisition, the director owned 47,105 shares of the company’s stock, valued at $1,000,039.15. The trade was a 42.29% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 78.80% of the company’s stock.

Institutional Investors Weigh In On Distribution Solutions Group

Several large investors have recently modified their holdings of the company. BNP Paribas Financial Markets boosted its holdings in shares of Distribution Solutions Group by 53.5% in the second quarter. BNP Paribas Financial Markets now owns 1,170 shares of the company’s stock valued at $32,000 after acquiring an additional 408 shares during the period. Covestor Ltd boosted its holdings in shares of Distribution Solutions Group by 27.3% in the third quarter. Covestor Ltd now owns 2,232 shares of the company’s stock valued at $67,000 after acquiring an additional 478 shares during the period. Barclays PLC boosted its holdings in shares of Distribution Solutions Group by 8.5% in the fourth quarter. Barclays PLC now owns 15,327 shares of the company’s stock valued at $420,000 after acquiring an additional 1,201 shares during the period. Quarry LP acquired a new stake in shares of Distribution Solutions Group in the third quarter valued at approximately $42,000. Finally, Inspire Investing LLC boosted its holdings in shares of Distribution Solutions Group by 9.9% in the fourth quarter. Inspire Investing LLC now owns 16,917 shares of the company’s stock valued at $463,000 after acquiring an additional 1,517 shares during the period. 91.64% of the stock is owned by institutional investors and hedge funds.

About Distribution Solutions Group

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.