Northern Trust Corp Purchases 2,359 Shares of Distribution Solutions Group, Inc. (NASDAQ:DSGR)

Northern Trust Corp boosted its position in Distribution Solutions Group, Inc. (NASDAQ:DSGR) by 2.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 108,792 shares of the company’s stock after buying an additional 2,359 shares during the period. Northern Trust Corp owned approximately 0.23% of Distribution Solutions Group worth $3,742,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in DSGR. KLP Kapitalforvaltning AS acquired a new position in Distribution Solutions Group during the 4th quarter valued at about $68,000. SG Americas Securities LLC boosted its stake in Distribution Solutions Group by 26.8% during the 4th quarter. SG Americas Securities LLC now owns 4,952 shares of the company’s stock valued at $170,000 after purchasing an additional 1,046 shares during the last quarter. Wells Fargo & Company MN boosted its stake in Distribution Solutions Group by 47.8% during the 4th quarter. Wells Fargo & Company MN now owns 5,055 shares of the company’s stock valued at $174,000 after purchasing an additional 1,634 shares during the last quarter. ExodusPoint Capital Management LP acquired a new position in Distribution Solutions Group during the 4th quarter valued at about $331,000. Finally, Mariner LLC acquired a new position in Distribution Solutions Group during the 4th quarter valued at about $384,000. 91.64% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Barrington Research cut their price target on Distribution Solutions Group from $44.00 to $39.00 and set an “outperform” rating for the company in a research note on Wednesday, May 7th.

Distribution Solutions Group Price Performance

DSGR stock opened at $27.00 on Friday. The company has a market capitalization of $1.25 billion, a P/E ratio of 675.17 and a beta of 0.56. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.55 and a current ratio of 2.81. Distribution Solutions Group, Inc. has a 52-week low of $21.87 and a 52-week high of $41.47. The business has a 50-day simple moving average of $26.89 and a two-hundred day simple moving average of $31.82.

Distribution Solutions Group (NASDAQ:DSGR) last announced its earnings results on Thursday, May 1st. The company reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.05). Distribution Solutions Group had a return on equity of 8.89% and a net margin of 0.13%. The business had revenue of $478.03 million during the quarter, compared to analysts’ expectations of $497.17 million. Research analysts expect that Distribution Solutions Group, Inc. will post 1.28 EPS for the current fiscal year.

Distribution Solutions Group 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.