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

Barrington Research restated their outperform rating on shares of Distribution Solutions Group (NASDAQ:DSGR) in a report released on Monday morning,Benzinga reports. The firm currently has a $41.00 price target on the stock.

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Distribution Solutions Group in a report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $41.00.

Distribution Solutions Group Stock Performance

DSGR opened at $29.71 on Monday. The business’s 50-day simple moving average is $29.55 and its 200 day simple moving average is $29.36. Distribution Solutions Group has a 52-week low of $21.87 and a 52-week high of $33.80. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.38 and a current ratio of 2.50. The firm has a market capitalization of $1.37 billion, a PE ratio of -129.17 and a beta of 0.51.

Distribution Solutions Group announced that its board has initiated a share buyback plan on Monday, November 17th that allows the company to repurchase $30.00 million in shares. This repurchase authorization allows the company to repurchase up to 2.5% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

Institutional Investors Weigh In On Distribution Solutions Group

Large investors have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets boosted 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 purchasing an additional 408 shares during the period. Quarry LP acquired a new stake in shares of Distribution Solutions Group during the 3rd quarter worth about $42,000. Covestor Ltd boosted its holdings in shares of Distribution Solutions Group by 27.3% during the 3rd quarter. Covestor Ltd now owns 2,232 shares of the company’s stock worth $67,000 after buying an additional 478 shares during the period. State of Alaska Department of Revenue acquired a new position in Distribution Solutions Group in the 3rd quarter valued at about $80,000. Finally, Tudor Investment Corp ET AL acquired a new position in Distribution Solutions Group in the 3rd quarter valued at about $226,000. 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. 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.