Distribution Solutions Group’s (DSGR) “Overweight” Rating Reiterated at Stephens

Stephens reissued their overweight rating on shares of Distribution Solutions Group (NASDAQ:DSGR) in a research note released on Tuesday morning,Benzinga reports. The brokerage currently has a $36.00 price objective on the stock.

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

Distribution Solutions Group Stock Performance

DSGR stock opened at $27.49 on Tuesday. 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 firm has a market cap of $1.27 billion, a P/E ratio of 229.08 and a beta of 0.56. Distribution Solutions Group has a 12-month low of $19.02 and a 12-month high of $33.80. The stock’s 50 day simple moving average is $26.34 and its 200 day simple moving average is $27.86.

Distribution Solutions Group (NASDAQ:DSGR) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.02). The firm had revenue of $496.00 million for 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, equities research analysts predict that Distribution Solutions Group will post 1.46 EPS for the current year.

Insiders Place Their Bets

In other news, Director Robert Zamarripa bought 14,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 10th. The stock was acquired at an average price of $21.23 per share, with a total value of $297,220.00. Following the completion of the purchase, the director directly owned 47,105 shares of the company’s stock, valued at $1,000,039.15. This represents a 42.29% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 78.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its stake in Distribution Solutions Group by 2.9% during the first quarter. Dimensional Fund Advisors LP now owns 937,151 shares of the company’s stock valued at $24,590,000 after buying an additional 26,595 shares in the last quarter. Schwartz Investment Counsel Inc. boosted its stake in Distribution Solutions Group by 7.6% during the third quarter. Schwartz Investment Counsel Inc. now owns 355,424 shares of the company’s stock valued at $10,691,000 after buying an additional 25,000 shares in the last quarter. Nantahala Capital Management LLC boosted its stake in Distribution Solutions Group by 43.3% during the fourth quarter. Nantahala Capital Management LLC now owns 330,000 shares of the company’s stock valued at $9,039,000 after buying an additional 99,661 shares in the last quarter. Catawba River Capital boosted its stake in Distribution Solutions Group by 1.8% during the third quarter. Catawba River Capital now owns 222,646 shares of the company’s stock valued at $6,697,000 after buying an additional 3,957 shares in the last quarter. Finally, Agman Capital LLC bought a new position in Distribution Solutions Group during the fourth quarter valued at about $4,954,000. Institutional investors own 91.64% 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.