Distribution Solutions Group (NASDAQ:DSGR) Price Target Increased to $43.00 by Analysts at Barrington Research

Distribution Solutions Group (NASDAQ:DSGR) had its price objective increased by Barrington Research from $40.00 to $43.00 in a research note issued to investors on Monday morning, Benzinga reports. The firm currently has an outperform rating on the stock.

Separately, Stephens reiterated an overweight rating and issued a $42.00 price objective on shares of Distribution Solutions Group in a report on Monday, August 5th.

Distribution Solutions Group Price Performance

Shares of NASDAQ:DSGR opened at $36.22 on Monday. The company has a quick ratio of 1.42, a current ratio of 2.72 and a debt-to-equity ratio of 0.82. Distribution Solutions Group has a fifty-two week low of $22.91 and a fifty-two week high of $37.31. The firm has a 50-day simple moving average of $31.88 and a 200 day simple moving average of $32.88. The company has a market cap of $1.70 billion, a PE ratio of -86.24 and a beta of 0.99.

Distribution Solutions Group (NASDAQ:DSGR) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.08. Distribution Solutions Group had a negative net margin of 1.25% and a positive return on equity of 7.39%. The business had revenue of $439.54 million during the quarter, compared to the consensus estimate of $437.40 million. During the same quarter in the prior year, the firm earned $0.26 EPS. On average, sell-side analysts anticipate that Distribution Solutions Group will post 1.19 EPS for the current year.

Insider Activity at Distribution Solutions Group

In other Distribution Solutions Group news, Director Robert Zamarripa bought 4,000 shares of the business’s stock in a transaction that occurred on Friday, June 7th. The stock was acquired at an average cost of $30.24 per share, with a total value of $120,960.00. Following the completion of the purchase, the director now directly owns 33,105 shares in the company, valued at $1,001,095.20. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 76.60% of the company’s stock.

Institutional Investors Weigh In On Distribution Solutions Group

Several hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP lifted its position 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 acquiring an additional 14,059 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Distribution Solutions Group by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 586,652 shares of the company’s stock valued at $20,814,000 after acquiring an additional 8,745 shares in the last quarter. Renaissance Technologies LLC lifted its position in 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 buying an additional 13,400 shares in the last quarter. Clayton Partners LLC lifted its position in Distribution Solutions Group by 10.2% in the 4th quarter. Clayton Partners LLC now owns 77,274 shares of the company’s stock worth $2,439,000 after buying an additional 7,174 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in Distribution Solutions Group by 13.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 43,489 shares of the company’s stock worth $1,305,000 after buying an additional 5,309 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.