Distribution Solutions Group (NASDAQ:DSGR) Sets New 52-Week Low After Analyst Downgrade

Distribution Solutions Group, Inc. (NASDAQ:DSGR) shares reached a new 52-week low during mid-day trading on Wednesday after Barrington Research lowered their price target on the stock from $41.00 to $35.00. Barrington Research currently has an outperform rating on the stock. Distribution Solutions Group traded as low as $20.17 and last traded at $20.2490, with a volume of 48481 shares trading hands. The stock had previously closed at $20.91.

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Distribution Solutions Group in a research report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Distribution Solutions Group currently has a consensus rating of “Hold” and a consensus price target of $35.00.

Institutional Trading of Distribution Solutions Group

A number of institutional investors and hedge funds have recently modified their holdings of DSGR. Millennium Management LLC lifted its position in shares of Distribution Solutions Group by 41.4% in the 4th quarter. Millennium Management LLC now owns 11,522 shares of the company’s stock worth $316,000 after buying an additional 3,373 shares during the last quarter. Inspire Investing LLC grew its position in shares of Distribution Solutions Group by 9.9% during the 4th quarter. Inspire Investing LLC now owns 16,917 shares of the company’s stock valued at $463,000 after buying an additional 1,517 shares during the last quarter. Amundi acquired a new stake in Distribution Solutions Group during the fourth quarter worth about $250,000. Price T Rowe Associates Inc. MD lifted its holdings in Distribution Solutions Group by 43.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 11,114 shares of the company’s stock worth $305,000 after acquiring an additional 3,385 shares during the last quarter. Finally, Blair William & Co. IL bought a new position in Distribution Solutions Group in the fourth quarter worth about $3,092,000. 91.64% of the stock is owned by institutional investors and hedge funds.

Distribution Solutions Group Stock Performance

The company has a market capitalization of $935.53 million, a price-to-earnings ratio of 112.42 and a beta of 0.51. The stock has a 50 day simple moving average of $29.00 and a 200 day simple moving average of $29.04. The company has a quick ratio of 1.35, a current ratio of 2.56 and a debt-to-equity ratio of 1.02.

Distribution Solutions Group (NASDAQ:DSGR) last announced its quarterly earnings results on Thursday, March 5th. The company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.14). The company had revenue of $481.60 million for the quarter, compared to analyst estimates of $496.30 million. Distribution Solutions Group had a return on equity of 9.02% and a net margin of 0.42%. As a group, analysts anticipate that Distribution Solutions Group, Inc. will post 1.28 earnings per share for the current fiscal year.

Distribution Solutions Group declared that its Board of Directors has approved a share buyback program on Monday, November 17th that authorizes the company to buyback $30.00 million in shares. This buyback authorization authorizes the company to repurchase up to 2.5% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

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.