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

Barrington Research reissued their outperform rating on shares of Distribution Solutions Group (NASDAQ:DSGR) in a research note released on Wednesday,Benzinga reports. Barrington Research currently has a $41.00 price target on the stock.

Separately, Weiss Ratings reissued 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’s stock. According to MarketBeat, Distribution Solutions Group has an average rating of “Moderate Buy” and an average target price of $41.00.

Distribution Solutions Group Stock Down 0.2%

DSGR stock opened at $26.15 on Wednesday. The company’s 50 day moving average price is $29.64 and its 200 day moving average price is $28.90. The firm has a market capitalization of $1.21 billion, a price-to-earnings ratio of 290.56 and a beta of 0.61. Distribution Solutions Group has a fifty-two week low of $21.87 and a fifty-two week high of $41.36. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.36 and a current ratio of 2.59.

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

Hedge Funds Weigh In On Distribution Solutions Group

Several large investors have recently bought and sold shares of DSGR. Rhumbline Advisers increased its position in shares of Distribution Solutions Group by 3.8% during the first quarter. Rhumbline Advisers now owns 14,710 shares of the company’s stock worth $412,000 after purchasing an additional 532 shares in the last quarter. Schwartz Investment Counsel Inc. increased its position in Distribution Solutions Group by 32.2% during the second quarter. Schwartz Investment Counsel Inc. now owns 330,424 shares of the company’s stock worth $9,077,000 after buying an additional 80,532 shares during the period. Nuveen LLC acquired a new position in Distribution Solutions Group during the first quarter worth approximately $876,000. Catawba River Capital lifted its stake in Distribution Solutions Group by 16.3% in the second quarter. Catawba River Capital now owns 218,689 shares of the company’s stock valued at $6,007,000 after buying an additional 30,685 shares during the last quarter. Finally, Swedbank AB boosted its holdings in shares of Distribution Solutions Group by 2.1% in the first quarter. Swedbank AB now owns 675,000 shares of the company’s stock valued at $18,900,000 after acquiring an additional 13,708 shares during the period. Institutional investors and hedge funds 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.