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

Barrington Research reiterated their outperform rating on shares of Distribution Solutions Group (NASDAQ:DSGR) in a research report report published on Monday,Benzinga reports. The brokerage currently has a $35.00 price objective on the stock.

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Distribution Solutions Group in a research report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus target price of $35.00.

Distribution Solutions Group Trading Up 1.7%

NASDAQ:DSGR opened at $25.60 on Monday. The stock has a fifty day simple moving average of $28.34 and a 200 day simple moving average of $28.65. The firm has a market capitalization of $1.18 billion, a price-to-earnings ratio of 142.22 and a beta of 0.51. Distribution Solutions Group has a 1-year low of $19.02 and a 1-year high of $33.80. The company has a quick ratio of 1.35, a current ratio of 2.56 and a debt-to-equity ratio of 1.02.

Distribution Solutions Group (NASDAQ:DSGR) last posted its quarterly earnings data on Thursday, March 5th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.14). Distribution Solutions Group had a return on equity of 9.02% and a net margin of 0.42%.The company had revenue of $481.60 million for the quarter, compared to analyst estimates of $496.30 million. Sell-side analysts forecast that Distribution Solutions Group will post 1.28 earnings per share for the current year.

Insiders Place Their Bets

In other Distribution Solutions Group news, Director Robert Zamarripa acquired 14,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 10th. The shares were purchased at an average price of $21.23 per share, with a total value of $297,220.00. Following the completion of the transaction, the director owned 47,105 shares in the company, 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 SEC, which can be accessed through this hyperlink. Insiders own 79.80% of the company’s stock.

Institutional Trading of Distribution Solutions Group

Large investors have recently added to or reduced their stakes in the business. Jane Street Group LLC raised its holdings in shares of Distribution Solutions Group by 214.2% during the 1st quarter. Jane Street Group LLC now owns 23,586 shares of the company’s stock valued at $660,000 after purchasing an additional 16,080 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Distribution Solutions Group by 2.4% in the second quarter. Geode Capital Management LLC now owns 261,782 shares of the company’s stock worth $7,193,000 after purchasing an additional 6,038 shares in the last quarter. Swiss National Bank boosted its holdings in Distribution Solutions Group by 20.6% in the second quarter. Swiss National Bank now owns 22,204 shares of the company’s stock worth $610,000 after purchasing an additional 3,800 shares in the last quarter. Nantahala Capital Management LLC acquired a new position in Distribution Solutions Group during the second quarter worth $5,791,000. Finally, BNP Paribas Financial Markets increased its position in 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 buying an additional 408 shares during the last quarter. 91.64% of the stock is owned by institutional investors.

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.