Stephens Reaffirms “Overweight” Rating for Distribution Solutions Group (NASDAQ:DSGR)

Stephens restated their overweight rating on shares of Distribution Solutions Group (NASDAQ:DSGR) in a research note released on Monday morning, Benzinga reports. The brokerage currently has a $42.00 target price on the stock.

Separately, Barrington Research upped their price objective on Distribution Solutions Group from $34.00 to $36.00 and gave the stock an outperform rating in a research note on Wednesday, March 13th.

Distribution Solutions Group Price Performance

NASDAQ DSGR opened at $35.61 on Monday. Distribution Solutions Group has a 12-month low of $22.16 and a 12-month high of $36.61. The firm’s 50 day moving average is $33.42 and its 200-day moving average is $30.96. The company has a market capitalization of $1.67 billion, a PE ratio of -84.79 and a beta of 0.92. The company has a quick ratio of 1.42, a current ratio of 2.72 and a debt-to-equity ratio of 0.82.

Distribution Solutions Group (NASDAQ:DSGR) last issued its quarterly earnings results on Thursday, March 7th. The company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.08. The firm had revenue of $405.24 million for the quarter, compared to analyst estimates of $417.00 million. Distribution Solutions Group had a negative net margin of 1.23% and a positive return on equity of 6.21%. During the same period in the previous year, the business earned $0.13 EPS. Equities research analysts anticipate that Distribution Solutions Group will post 1.49 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. BNP Paribas Financial Markets lifted its stake in 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 purchasing an additional 676 shares during the last quarter. Amalgamated Bank lifted its holdings in Distribution Solutions Group by 100.0% during the 3rd quarter. Amalgamated Bank now owns 1,382 shares of the company’s stock valued at $36,000 after purchasing an additional 691 shares during the last quarter. Barclays PLC boosted its position in Distribution Solutions Group by 64.6% during the third quarter. Barclays PLC now owns 3,301 shares of the company’s stock worth $85,000 after purchasing an additional 1,296 shares during the period. New York State Common Retirement Fund increased its holdings in shares of Distribution Solutions Group by 98.7% in the third quarter. New York State Common Retirement Fund now owns 3,456 shares of the company’s stock valued at $90,000 after purchasing an additional 1,717 shares during the last quarter. Finally, Swiss National Bank raised its position in shares of Distribution Solutions Group by 25.5% in the first quarter. Swiss National Bank now owns 23,104 shares of the company’s stock valued at $820,000 after purchasing an additional 4,700 shares during the period. 91.64% of the stock is currently owned by institutional investors and hedge funds.

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.