Distribution Solutions Group (NASDAQ:DSGR) Upgraded to “Hold” at Zacks Research

Zacks Research upgraded shares of Distribution Solutions Group (NASDAQ:DSGR) from a strong sell rating to a hold rating in a research note released on Monday,Zacks.com reports.

Several other research analysts have also issued reports on DSGR. Stephens set a $35.00 price target on Distribution Solutions Group in a research report on Thursday, July 16th. Weiss Ratings downgraded Distribution Solutions Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, July 10th. Finally, Barrington Research set a $35.00 target price on Distribution Solutions Group and gave the company a “market perform” rating in a research note on Friday. Three equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Distribution Solutions Group currently has an average rating of “Reduce” and an average target price of $35.00.

Distribution Solutions Group Trading Up 0.0%

DSGR opened at $34.51 on Monday. The firm has a 50 day simple moving average of $27.95 and a 200 day simple moving average of $27.84. Distribution Solutions Group has a fifty-two week low of $19.02 and a fifty-two week high of $34.83. The company has a market cap of $1.59 billion, a price-to-earnings ratio of 287.58 and a beta of 0.56. The company has a debt-to-equity ratio of 1.07, a current ratio of 2.63 and a quick ratio of 1.39.

Distribution Solutions Group (NASDAQ:DSGR) last announced its quarterly earnings data 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 the consensus estimate of $489.30 million. Distribution Solutions Group had a net margin of 0.27% and a return on equity of 8.49%. On average, sell-side analysts anticipate that Distribution Solutions Group will post 1.31 earnings per share for the current year.

Institutional Investors Weigh In On Distribution Solutions Group

Several large investors have recently bought and sold shares of DSGR. BNP Paribas Financial Markets boosted 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 acquired a new position in shares of Distribution Solutions Group in the 3rd quarter valued at $42,000. Tudor Investment Corp ET AL bought a new stake in shares of Distribution Solutions Group in the 3rd quarter valued at $226,000. Arrowstreet Capital Limited Partnership bought a new stake in shares of Distribution Solutions Group in the 1st quarter valued at $229,000. Finally, R Squared Ltd acquired a new stake in Distribution Solutions Group during the 4th quarter worth $238,000. 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.