Barrington Research Reaffirms “Outperform” Rating for Distribution Solutions Group (NASDAQ:DSGR)

Distribution Solutions Group (NASDAQ:DSGR)‘s stock had its “outperform” rating reaffirmed by stock analysts at Barrington Research in a report issued on Tuesday,Benzinga reports. They currently have a $44.00 target price on the stock. Barrington Research’s price target suggests a potential upside of 50.22% from the stock’s previous close.

Distribution Solutions Group Stock Performance

Shares of NASDAQ:DSGR opened at $29.29 on Tuesday. The company has a current ratio of 2.81, a quick ratio of 1.55 and a debt-to-equity ratio of 1.03. The company has a 50-day moving average price of $31.93 and a 200-day moving average price of $35.79. The company has a market cap of $1.37 billion, a price-to-earnings ratio of 732.43 and a beta of 0.92. Distribution Solutions Group has a 12 month low of $27.58 and a 12 month high of $41.47.

Institutional Trading of Distribution Solutions Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DSGR. Swedbank AB lifted its position in shares of Distribution Solutions Group by 1.7% in the 4th quarter. Swedbank AB now owns 661,292 shares of the company’s stock worth $22,748,000 after purchasing an additional 11,292 shares during the period. Vanguard Group Inc. raised its stake in Distribution Solutions Group by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 569,214 shares of the company’s stock worth $19,581,000 after buying an additional 7,996 shares in the last quarter. Schwartz Investment Counsel Inc. lifted its holdings in Distribution Solutions Group by 23.0% in the fourth quarter. Schwartz Investment Counsel Inc. now owns 186,892 shares of the company’s stock worth $6,429,000 after buying an additional 34,892 shares during the period. Catawba River Capital bought a new stake in Distribution Solutions Group during the 4th quarter valued at approximately $6,249,000. Finally, First Trust Advisors LP grew its holdings in shares of Distribution Solutions Group by 67.6% during the 4th quarter. First Trust Advisors LP now owns 158,980 shares of the company’s stock worth $5,469,000 after acquiring an additional 64,129 shares during the period. Hedge funds and other institutional investors 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.