Distribution Solutions Group (NASDAQ:DSGR) Sees Strong Trading Volume on Analyst Upgrade

Shares of Distribution Solutions Group, Inc. (NASDAQ:DSGR) saw strong trading volume on Tuesday after Zacks Research upgraded the stock from a strong sell rating to a hold rating. 266,375 shares changed hands during mid-day trading, an increase of 113% from the previous session’s volume of 125,230 shares.The stock last traded at $34.5350 and had previously closed at $34.50.

DSGR has been the subject of a number of other research reports. Barrington Research set a $35.00 target price on Distribution Solutions Group and gave the stock a “market perform” rating in a report on Friday, July 17th. Stephens set a $35.00 price target on shares of Distribution Solutions Group in a research note on Thursday, July 16th. Finally, Weiss Ratings cut shares of Distribution Solutions Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, July 10th. Three analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Reduce” and a consensus target price of $35.00.

Hedge Funds Weigh In On Distribution Solutions Group

A number of large investors have recently made changes to their positions in DSGR. Nantahala Capital Management LLC acquired a new position in Distribution Solutions Group during the second quarter worth $5,791,000. Agman Capital LLC purchased a new position in Distribution Solutions Group during the 4th quarter valued at about $4,954,000. Blair William & Co. IL purchased a new position in Distribution Solutions Group during the 4th quarter valued at about $3,092,000. Highlander Partners L.P. acquired a new position in Distribution Solutions Group in the 4th quarter valued at about $2,353,000. Finally, Goldman Sachs Group Inc. grew its position in Distribution Solutions Group by 364.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 78,365 shares of the company’s stock valued at $2,146,000 after acquiring an additional 61,500 shares in the last quarter. 91.64% of the stock is owned by institutional investors and hedge funds.

Distribution Solutions Group Price Performance

The company has a debt-to-equity ratio of 1.07, a current ratio of 2.63 and a quick ratio of 1.39. The company has a market capitalization of $1.59 billion, a PE ratio of 287.58 and a beta of 0.56. The stock’s 50 day simple moving average is $28.09 and its 200-day simple moving average is $27.89.

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

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.