Barrington Research Boosts Distribution Solutions Group (NASDAQ:DSGR) Price Target to $43.00

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

Separately, Stephens reaffirmed an overweight rating and set a $42.00 price objective on shares of Distribution Solutions Group in a research note on Monday, August 5th.

Distribution Solutions Group Price Performance

Shares of NASDAQ DSGR opened at $36.29 on Monday. The company has a current ratio of 2.72, a quick ratio of 1.42 and a debt-to-equity ratio of 0.82. The stock has a fifty day simple moving average of $31.77 and a two-hundred day simple moving average of $32.86. Distribution Solutions Group has a 1-year low of $22.91 and a 1-year high of $37.31. The firm has a market cap of $1.70 billion, a price-to-earnings ratio of -86.40 and a beta of 0.99.

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

Insider Transactions at Distribution Solutions Group

In other Distribution Solutions Group news, Director Robert Zamarripa acquired 4,000 shares of the company’s stock in a transaction on Friday, June 7th. The stock was acquired at an average price of $30.24 per share, for a total transaction of $120,960.00. Following the acquisition, the director now owns 33,105 shares in the company, valued at approximately $1,001,095.20. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 76.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Distribution Solutions Group

Institutional investors and hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP boosted its stake in Distribution Solutions Group by 1.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 895,287 shares of the company’s stock valued at $28,256,000 after buying an additional 16,094 shares during the last quarter. Clayton Partners LLC grew its holdings in shares of Distribution Solutions Group by 10.2% in the fourth quarter. Clayton Partners LLC now owns 77,274 shares of the company’s stock valued at $2,439,000 after purchasing an additional 7,174 shares in the last quarter. Vanguard Group Inc. increased its position in Distribution Solutions Group by 1.5% in the first quarter. Vanguard Group Inc. now owns 586,652 shares of the company’s stock worth $20,814,000 after purchasing an additional 8,745 shares during the last quarter. Brighton Jones LLC bought a new stake in Distribution Solutions Group in the fourth quarter worth $701,000. Finally, BNP Paribas Financial Markets raised its stake 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 valued at $302,000 after purchasing an additional 676 shares in the last quarter. 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.