Schwartz Investment Counsel Inc. Acquires 26,000 Shares of Distribution Solutions Group, Inc. (NASDAQ:DSGR)

Schwartz Investment Counsel Inc. increased its position in shares of Distribution Solutions Group, Inc. (NASDAQ:DSGR) by 20.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 152,000 shares of the company’s stock after buying an additional 26,000 shares during the quarter. Schwartz Investment Counsel Inc. owned 0.32% of Distribution Solutions Group worth $5,854,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. SG Americas Securities LLC bought a new stake in shares of Distribution Solutions Group in the 3rd quarter valued at approximately $150,000. BNP Paribas Financial Markets grew its holdings in shares of Distribution Solutions Group by 8.6% in the 1st quarter. BNP Paribas Financial Markets now owns 8,500 shares of the company’s stock valued at $302,000 after buying an additional 676 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in Distribution Solutions Group by 4.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,417 shares of the company’s stock worth $335,000 after buying an additional 406 shares during the period. Inspire Investing LLC acquired a new stake in shares of Distribution Solutions Group in the 1st quarter valued at about $352,000. Finally, California State Teachers Retirement System lifted its stake in Distribution Solutions Group by 15.7% in the 1st quarter. California State Teachers Retirement System now owns 11,530 shares of the company’s stock valued at $409,000 after acquiring an additional 1,563 shares in the last quarter. Institutional investors and hedge funds own 91.64% of the company’s stock.

Analyst Upgrades and Downgrades

DSGR has been the topic of a number of recent analyst reports. Stephens restated an “overweight” rating and set a $42.00 target price on shares of Distribution Solutions Group in a report on Monday, August 5th. Barrington Research raised their price target on Distribution Solutions Group from $40.00 to $43.00 and gave the stock an “outperform” rating in a research report on Monday, August 19th.

Distribution Solutions Group Stock Performance

NASDAQ DSGR opened at $39.07 on Friday. The company has a current ratio of 2.50, a quick ratio of 1.28 and a debt-to-equity ratio of 0.88. The company has a fifty day simple moving average of $37.39 and a 200 day simple moving average of $34.32. Distribution Solutions Group, Inc. has a 12-month low of $22.91 and a 12-month high of $41.47. The company has a market cap of $1.83 billion, a P/E ratio of -93.02 and a beta of 0.97.

Distribution Solutions Group (NASDAQ:DSGR) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.08. Distribution Solutions Group had a positive return on equity of 7.42% and a negative net margin of 1.25%. The business had revenue of $439.54 million for the quarter, compared to analysts’ expectations of $437.40 million. During the same quarter in the previous year, the firm earned $0.26 earnings per share. Sell-side analysts predict that Distribution Solutions Group, Inc. will post 1.39 earnings per share for the current fiscal year.

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.