Zacks Research Upgrades Distribution Solutions Group (NASDAQ:DSGR) to “Hold”

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

Other equities research analysts have also recently issued reports about the company. Weiss Ratings cut Distribution Solutions Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, July 10th. Stephens set a $35.00 price target on Distribution Solutions Group in a research note on Thursday, July 16th. Finally, Barrington Research set a $35.00 price objective on Distribution Solutions Group and gave the company a “market perform” rating in a research report on Friday. Three equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and an average price target of $35.00.

Distribution Solutions Group Stock Performance

Distribution Solutions Group stock opened at $34.51 on Monday. The company has a quick ratio of 1.39, a current ratio of 2.63 and a debt-to-equity ratio of 1.07. The company has a market capitalization of $1.59 billion, a PE ratio of 287.58 and a beta of 0.56. The firm has a fifty day simple moving average of $27.95 and a two-hundred day simple moving average of $27.84. Distribution Solutions Group has a twelve month low of $19.02 and a twelve month high of $34.83.

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 the consensus estimate of $0.26 by ($0.02). Distribution Solutions Group had a net margin of 0.27% and a return on equity of 8.49%. The business had revenue of $496.00 million for the quarter, compared to analysts’ expectations of $489.30 million. Research analysts expect that Distribution Solutions Group will post 1.31 EPS for the current year.

Hedge Funds Weigh In On Distribution Solutions Group

Several hedge funds and other institutional investors have recently modified their holdings of the company. Groupe la Francaise purchased a new stake in shares of Distribution Solutions Group during the first quarter worth about $1,222,000. Bank of America Corp DE increased its holdings in Distribution Solutions Group by 22.6% during the 1st quarter. Bank of America Corp DE now owns 14,507 shares of the company’s stock valued at $381,000 after purchasing an additional 2,673 shares during the period. Quantinno Capital Management LP purchased a new position in Distribution Solutions Group during the 1st quarter valued at about $361,000. Rangeley Capital LLC bought a new position in Distribution Solutions Group during the 1st quarter valued at approximately $442,000. Finally, OMERS ADMINISTRATION Corp bought a new position in Distribution Solutions Group during the 1st quarter valued at approximately $354,000. 91.64% of the stock is owned by institutional investors.

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.