Distribution Solutions Group (NASDAQ:DSGR) Upgraded at Zacks Research

Zacks Research upgraded shares of Distribution Solutions Group (NASDAQ:DSGR) from a strong sell rating to a hold rating in a research note published on Monday,Zacks.com reports.

Other equities research analysts also recently issued research reports about the stock. Weiss Ratings downgraded shares of Distribution Solutions Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, July 10th. Stephens set a $35.00 price target on shares of Distribution Solutions Group in a research report on Thursday, July 16th. Finally, Barrington Research set a $35.00 price target on shares of Distribution Solutions Group and gave the stock a “market perform” rating in a research report on Friday, July 17th. Three investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Distribution Solutions Group currently has an average rating of “Reduce” and an average target price of $35.00.

Distribution Solutions Group Stock Performance

NASDAQ:DSGR opened at $34.51 on Monday. 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 has a 1-year low of $19.02 and a 1-year high of $34.83. The firm has a market capitalization of $1.59 billion, a price-to-earnings ratio of 287.58 and a beta of 0.56. The business’s 50-day moving average price is $28.09 and its two-hundred day moving average price is $27.89.

Distribution Solutions Group (NASDAQ:DSGR) last posted its earnings results on Thursday, April 30th. The company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.02). The company had revenue of $496.00 million for the quarter, compared to analyst estimates of $489.30 million. Distribution Solutions Group had a return on equity of 8.49% and a net margin of 0.27%. On average, equities analysts expect that Distribution Solutions Group will post 1.31 earnings per share for the current year.

Institutional Trading of Distribution Solutions Group

Several hedge funds have recently bought and sold shares of the stock. BNP Paribas Financial Markets lifted its stake in Distribution Solutions Group by 53.5% in the second 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 in the last quarter. Barclays PLC increased its position in shares of Distribution Solutions Group by 8.5% during the fourth quarter. Barclays PLC now owns 15,327 shares of the company’s stock worth $420,000 after acquiring an additional 1,201 shares in the last quarter. Quarry LP acquired a new stake in shares of Distribution Solutions Group during the third quarter worth $42,000. Inspire Investing LLC raised its holdings in shares of Distribution Solutions Group by 9.9% during the fourth quarter. Inspire Investing LLC now owns 16,917 shares of the company’s stock worth $463,000 after acquiring an additional 1,517 shares during the period. Finally, Bank of America Corp DE lifted its position in Distribution Solutions Group by 22.6% in the 1st quarter. Bank of America Corp DE now owns 14,507 shares of the company’s stock valued at $381,000 after acquiring an additional 2,673 shares in the last quarter. 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.