Distribution Solutions Group’s (DSGR) Outperform Rating Reaffirmed at Barrington Research

Distribution Solutions Group (NASDAQ:DSGR)‘s stock had its “outperform” rating reiterated by research analysts at Barrington Research in a report issued on Wednesday,Benzinga reports. They presently have a $41.00 price objective on the stock. Barrington Research’s target price suggests a potential upside of 52.19% from the company’s current price.

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Distribution Solutions Group in a report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $41.00.

Distribution Solutions Group Stock Up 0.4%

DSGR stock traded up $0.12 during mid-day trading on Wednesday, hitting $26.94. 95,302 shares of the company were exchanged, compared to its average volume of 59,376. The firm has a fifty day simple moving average of $30.01 and a 200 day simple moving average of $28.93. The company has a market capitalization of $1.25 billion, a PE ratio of 299.33 and a beta of 0.61. Distribution Solutions Group has a twelve month low of $21.87 and a twelve month high of $41.36. The company has a current ratio of 2.59, a quick ratio of 1.36 and a debt-to-equity ratio of 1.04.

Distribution Solutions Group (NASDAQ:DSGR) last announced its quarterly earnings data on Thursday, October 30th. The company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.02). Distribution Solutions Group had a net margin of 0.22% and a return on equity of 10.51%. The firm had revenue of $517.96 million for the quarter, compared to analyst estimates of $501.53 million. On average, research analysts forecast that Distribution Solutions Group will post 1.28 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Distribution Solutions Group

Several institutional investors have recently bought and sold shares of DSGR. Nantahala Capital Management LLC bought a new position in Distribution Solutions Group in the 2nd quarter valued at about $5,791,000. Schwartz Investment Counsel Inc. boosted its holdings in shares of Distribution Solutions Group by 32.2% in the second quarter. Schwartz Investment Counsel Inc. now owns 330,424 shares of the company’s stock valued at $9,077,000 after acquiring an additional 80,532 shares in the last quarter. Nuveen LLC acquired a new position in shares of Distribution Solutions Group during the first quarter valued at approximately $876,000. Catawba River Capital raised its holdings in Distribution Solutions Group by 16.3% during the second quarter. Catawba River Capital now owns 218,689 shares of the company’s stock worth $6,007,000 after purchasing an additional 30,685 shares in the last quarter. Finally, Jane Street Group LLC lifted its position in Distribution Solutions Group by 214.2% in the first quarter. Jane Street Group LLC now owns 23,586 shares of the company’s stock worth $660,000 after purchasing an additional 16,080 shares during the period. Institutional investors and hedge funds own 91.64% of the company’s stock.

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.