Barrington Research Raises Distribution Solutions Group (NASDAQ:DSGR) Price Target to $44.00

Distribution Solutions Group (NASDAQ:DSGR) had its price objective upped by Barrington Research from $43.00 to $44.00 in a research note issued to investors on Wednesday morning,Benzinga reports. The firm currently has an outperform rating on the stock.

Separately, Stephens reissued an “overweight” rating and issued a $42.00 price target on shares of Distribution Solutions Group in a research note on Monday, August 5th.

Distribution Solutions Group Stock Up 0.9 %

DSGR opened at $40.60 on Wednesday. The company has a debt-to-equity ratio of 1.03, a current ratio of 2.81 and a quick ratio of 1.55. Distribution Solutions Group has a one year low of $23.01 and a one year high of $41.47. The firm has a market capitalization of $1.90 billion, a P/E ratio of 1,015.25 and a beta of 0.96. The company has a fifty day moving average price of $37.89 and a 200-day moving average price of $34.72.

Distribution Solutions Group (NASDAQ:DSGR) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.03). Distribution Solutions Group had a net margin of 0.13% and a return on equity of 8.89%. The business had revenue of $468.02 million during the quarter, compared to analysts’ expectations of $469.80 million. During the same period in the previous year, the business earned $0.17 EPS. Equities research analysts expect that Distribution Solutions Group will post 1.39 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Distribution Solutions Group

Several hedge funds have recently added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Distribution Solutions Group by 13.5% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 21,536 shares of the company’s stock valued at $829,000 after buying an additional 2,569 shares in the last quarter. Schwartz Investment Counsel Inc. grew its position in Distribution Solutions Group by 20.6% during the third quarter. Schwartz Investment Counsel Inc. now owns 152,000 shares of the company’s stock valued at $5,854,000 after acquiring an additional 26,000 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Distribution Solutions Group during the third quarter worth approximately $150,000. Renaissance Technologies LLC lifted its holdings in shares of Distribution Solutions Group by 12.5% in the 2nd quarter. Renaissance Technologies LLC now owns 120,400 shares of the company’s stock worth $3,612,000 after acquiring an additional 13,400 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Distribution Solutions Group by 1.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 915,208 shares of the company’s stock valued at $27,457,000 after purchasing an additional 14,059 shares in the last quarter. 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.