Distribution Solutions Group (NASDAQ:DSGR) Stock Rating Upgraded by Zacks Research

Distribution Solutions Group (NASDAQ:DSGR) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued on Monday,Zacks.com reports.

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

Distribution Solutions Group Stock Up 0.0%

Shares of NASDAQ DSGR opened at $34.51 on Monday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.39 and a current ratio of 2.63. Distribution Solutions Group has a 52 week low of $19.02 and a 52 week high of $34.83. The stock has a market capitalization of $1.59 billion, a P/E ratio of 287.58 and a beta of 0.56. The stock’s fifty day moving average is $27.95 and its 200 day moving average is $27.84.

Distribution Solutions Group (NASDAQ:DSGR) last announced its quarterly earnings data 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). Distribution Solutions Group had a return on equity of 8.49% and a net margin of 0.27%.The firm had revenue of $496.00 million for the quarter, compared to analyst estimates of $489.30 million. Sell-side analysts forecast that Distribution Solutions Group will post 1.31 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Distribution Solutions Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Jane Street Group LLC boosted its stake in shares of Distribution Solutions Group by 214.2% during the first quarter. Jane Street Group LLC now owns 23,586 shares of the company’s stock valued at $660,000 after purchasing an additional 16,080 shares in the last quarter. Nantahala Capital Management LLC acquired a new position in shares of Distribution Solutions Group in the second quarter valued at approximately $5,791,000. BNP Paribas Financial Markets raised its holdings in Distribution Solutions Group by 53.5% in the 2nd quarter. BNP Paribas Financial Markets now owns 1,170 shares of the company’s stock valued at $32,000 after buying an additional 408 shares during the last quarter. Monimus Capital Management LP raised its holdings in Distribution Solutions Group by 13.0% in the 2nd quarter. Monimus Capital Management LP now owns 101,009 shares of the company’s stock valued at $2,775,000 after buying an additional 11,590 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in Distribution Solutions Group by 62.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 15,080 shares of the company’s stock valued at $454,000 after buying an additional 5,779 shares during the last quarter. Institutional investors own 91.64% of the company’s stock.

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.