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

Distribution Solutions Group (NASDAQ:DSGR) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued on Monday,Zacks.com reports.

Several other equities analysts have also recently issued reports on the stock. Barrington Research reaffirmed an “outperform” rating and issued a $35.00 price objective on shares of Distribution Solutions Group in a research note on Monday, March 16th. Weiss Ratings raised shares of Distribution Solutions Group from a “sell (d)” rating to a “hold (c-)” rating in a research report on Monday, May 4th. Finally, Stephens reaffirmed an “overweight” rating and set a $36.00 price objective on shares of Distribution Solutions Group in a research report on Tuesday, May 5th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $35.50.

Distribution Solutions Group Stock Down 1.1%

DSGR stock opened at $26.98 on Monday. Distribution Solutions Group has a 52 week low of $19.02 and a 52 week high of $33.80. The company has a market capitalization of $1.25 billion, a price-to-earnings ratio of 224.83 and a beta of 0.56. The firm’s 50-day moving average is $26.18 and its two-hundred day moving average is $27.81. The company has a current ratio of 2.63, a quick ratio of 1.39 and a debt-to-equity ratio of 1.07.

Distribution Solutions Group (NASDAQ:DSGR) last released its quarterly earnings results on Thursday, April 30th. The company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.02). Distribution Solutions Group had a return on equity of 8.49% and a net margin of 0.27%.The company had revenue of $496.00 million for the quarter, compared to the consensus estimate of $489.30 million. On average, analysts forecast that Distribution Solutions Group will post 1.46 earnings per share for the current fiscal year.

Insider Buying and Selling at Distribution Solutions Group

In related news, Director Robert Zamarripa bought 14,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 10th. The stock was purchased at an average cost of $21.23 per share, for a total transaction of $297,220.00. Following the purchase, the director directly owned 47,105 shares in the company, valued at $1,000,039.15. This trade represents a 42.29% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 78.80% of the company’s stock.

Hedge Funds Weigh In On Distribution Solutions Group

Several large investors have recently bought and sold shares of DSGR. BNP Paribas Financial Markets increased its holdings in Distribution Solutions Group by 53.5% in the 2nd quarter. BNP Paribas Financial Markets now owns 1,170 shares of the company’s stock valued at $32,000 after buying an additional 408 shares during the period. Quarry LP bought a new stake in shares of Distribution Solutions Group in the 3rd quarter worth about $42,000. Covestor Ltd grew its holdings in shares of Distribution Solutions Group by 27.3% in the 3rd quarter. Covestor Ltd now owns 2,232 shares of the company’s stock worth $67,000 after purchasing an additional 478 shares during the last quarter. State of Alaska Department of Revenue acquired a new position in Distribution Solutions Group during the 3rd quarter worth about $80,000. Finally, Tudor Investment Corp ET AL acquired a new position in Distribution Solutions Group during the 3rd quarter worth about $226,000. 91.64% of the stock is currently owned by institutional investors and hedge funds.

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.