Distribution Solutions Group’s (DSGR) Outperform Rating Reiterated at Barrington Research

Distribution Solutions Group (NASDAQ:DSGR)‘s stock had its “outperform” rating reiterated by analysts at Barrington Research in a research note issued on Monday,Benzinga reports. They presently have a $35.00 target price on the stock. Barrington Research’s price target points to a potential upside of 36.53% from the stock’s current price.

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Distribution Solutions Group in a report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Distribution Solutions Group presently has a consensus rating of “Hold” and a consensus price target of $35.00.

Distribution Solutions Group Stock Performance

DSGR traded up $6.33 during trading on Monday, reaching $25.64. 1,102,897 shares of the company’s stock were exchanged, compared to its average volume of 127,153. Distribution Solutions Group has a 1 year low of $19.02 and a 1 year high of $33.80. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.56 and a quick ratio of 1.35. The stock has a market capitalization of $1.18 billion, a P/E ratio of 142.42 and a beta of 0.51. The company’s fifty day simple moving average is $28.54 and its 200-day simple moving average is $28.76.

Distribution Solutions Group (NASDAQ:DSGR) last issued its quarterly earnings data on Thursday, March 5th. The company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.14). The firm 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, research analysts predict that Distribution Solutions Group will post 1.28 earnings per share for the current fiscal year.

Distribution Solutions Group announced that its Board of Directors has approved a share buyback plan on Monday, November 17th that permits the company to repurchase $30.00 million in shares. This repurchase authorization permits the company to reacquire up to 2.5% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

Insiders Place Their Bets

In other news, Director Robert Zamarripa acquired 14,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 10th. The stock was purchased at an average cost of $21.23 per share, with a total value of $297,220.00. Following the purchase, the director directly owned 47,105 shares of the company’s stock, valued at approximately $1,000,039.15. This trade represents a 42.29% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 76.60% of the company’s stock.

Institutional Investors Weigh In On Distribution Solutions Group

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

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.