Distribution Solutions Group’s (DSGR) “Overweight” Rating Reaffirmed at Stephens

Distribution Solutions Group (NASDAQ:DSGR)‘s stock had its “overweight” rating reiterated by research analysts at Stephens in a research report issued to clients and investors on Monday, Benzinga reports. They presently have a $42.00 target price on the stock. Stephens’ price objective would indicate a potential upside of 30.56% from the stock’s previous close.

Separately, Barrington Research restated an “outperform” rating and issued a $40.00 target price on shares of Distribution Solutions Group in a research note on Tuesday, May 28th.

Distribution Solutions Group Stock Down 2.1 %

NASDAQ:DSGR traded down $0.70 during mid-day trading on Monday, hitting $32.17. 20,963 shares of the company’s stock traded hands, compared to its average volume of 55,793. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.42 and a current ratio of 2.72. The company has a market capitalization of $1.51 billion, a P/E ratio of -77.79 and a beta of 0.99. The company has a fifty day moving average of $31.47 and a 200 day moving average of $32.73. Distribution Solutions Group has a twelve month low of $22.91 and a twelve month high of $37.31.

Distribution Solutions Group (NASDAQ:DSGR) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.08. Distribution Solutions Group had a positive return on equity of 7.39% and a negative net margin of 1.25%. The company had revenue of $439.54 million during the quarter, compared to analysts’ expectations of $437.40 million. During the same quarter in the previous year, the firm posted $0.26 EPS. On average, analysts forecast that Distribution Solutions Group will post 1.19 EPS for the current year.

Insider Activity

In related news, Director Robert Zamarripa purchased 4,000 shares of Distribution Solutions Group stock in a transaction that occurred on Friday, June 7th. The stock was purchased at an average price of $30.24 per share, for a total transaction of $120,960.00. Following the transaction, the director now directly owns 33,105 shares in the company, valued at $1,001,095.20. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 76.60% of the company’s stock.

Institutional Investors Weigh In On Distribution Solutions Group

Large investors have recently modified their holdings of the business. Price T Rowe Associates Inc. MD boosted its position in Distribution Solutions Group by 4.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 9,417 shares of the company’s stock worth $335,000 after acquiring an additional 406 shares during the last quarter. BNP Paribas Financial Markets lifted its position in Distribution Solutions Group by 8.6% during the first quarter. BNP Paribas Financial Markets now owns 8,500 shares of the company’s stock worth $302,000 after buying an additional 676 shares in the last quarter. Rhumbline Advisers boosted its stake in Distribution Solutions Group by 11.1% during the second quarter. Rhumbline Advisers now owns 13,986 shares of the company’s stock worth $420,000 after buying an additional 1,398 shares during the last quarter. California State Teachers Retirement System boosted its stake in Distribution Solutions Group by 15.7% during the first quarter. California State Teachers Retirement System now owns 11,530 shares of the company’s stock worth $409,000 after buying an additional 1,563 shares during the last quarter. Finally, Swiss National Bank grew its holdings in Distribution Solutions Group by 25.5% in the 1st quarter. Swiss National Bank now owns 23,104 shares of the company’s stock valued at $820,000 after buying an additional 4,700 shares in the last quarter. 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.