Swedbank AB Acquires 11,292 Shares of Distribution Solutions Group, Inc. (NASDAQ:DSGR)

Swedbank AB raised its holdings in Distribution Solutions Group, Inc. (NASDAQ:DSGR) by 1.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 661,292 shares of the company’s stock after purchasing an additional 11,292 shares during the quarter. Swedbank AB owned 1.41% of Distribution Solutions Group worth $22,748,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Barclays PLC grew its position in Distribution Solutions Group by 342.0% during the third quarter. Barclays PLC now owns 17,007 shares of the company’s stock valued at $654,000 after buying an additional 13,159 shares during the period. The Manufacturers Life Insurance Company purchased a new position in Distribution Solutions Group in the third quarter valued at about $251,000. Dimensional Fund Advisors LP boosted its stake in Distribution Solutions Group by 1.6% in the second 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 during the last quarter. Schwartz Investment Counsel Inc. grew its position in shares of Distribution Solutions Group by 20.6% during the 3rd 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 period. Finally, BNP Paribas Financial Markets increased its stake in shares of Distribution Solutions Group by 21.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 5,014 shares of the company’s stock worth $193,000 after purchasing an additional 891 shares during the last quarter. 91.64% of the stock is owned by hedge funds and other institutional investors.

Distribution Solutions Group Trading Up 0.1 %

Shares of Distribution Solutions Group stock opened at $32.98 on Friday. The stock has a market capitalization of $1.54 billion, a P/E ratio of 824.71 and a beta of 0.96. Distribution Solutions Group, Inc. has a 52-week low of $28.00 and a 52-week high of $41.47. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.55 and a current ratio of 2.81. The stock’s 50-day simple moving average is $36.10 and its 200 day simple moving average is $36.37.

Distribution Solutions Group (NASDAQ:DSGR) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.03). The business had revenue of $468.02 million during the quarter, compared to the consensus estimate of $469.80 million. Distribution Solutions Group had a net margin of 0.13% and a return on equity of 8.89%. During the same period last year, the firm earned $0.17 EPS. As a group, research analysts anticipate that Distribution Solutions Group, Inc. will post 1.28 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Barrington Research upped their price objective on Distribution Solutions Group from $43.00 to $44.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th.

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.