Distribution Solutions Group (NASDAQ:DSGR – Get Free Report) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report released on Monday,Zacks.com reports.
Several other brokerages have also recently weighed in on DSGR. Stephens reaffirmed an “overweight” rating and set a $36.00 price target on shares of Distribution Solutions Group in a research note on Tuesday, May 5th. Barrington Research reissued an “outperform” rating and issued a $35.00 price objective on shares of Distribution Solutions Group in a report on Monday, March 16th. Finally, Weiss Ratings raised Distribution Solutions Group from a “sell (d)” rating to a “hold (c-)” rating in a report on Monday, May 4th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Distribution Solutions Group presently has a consensus rating of “Moderate Buy” and an average price target of $35.50.
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Distribution Solutions Group Stock Performance
Distribution Solutions Group (NASDAQ:DSGR – Get Free Report) last posted its earnings results 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 business had revenue of $496.00 million for the quarter, compared to the consensus estimate of $489.30 million. As a group, sell-side analysts forecast that Distribution Solutions Group will post 1.46 earnings per share for the current year.
Insider Buying and Selling at Distribution Solutions Group
In other news, Director Robert Zamarripa purchased 14,000 shares of Distribution Solutions Group stock in a transaction dated Tuesday, March 10th. The shares were bought at an average cost of $21.23 per share, for a total transaction of $297,220.00. Following the completion of the acquisition, the director owned 47,105 shares in the company, 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 Securities & Exchange Commission, which is available at the SEC website. Company insiders own 78.80% of the company’s stock.
Hedge Funds Weigh In On Distribution Solutions Group
A number of hedge funds and other institutional investors have recently made changes to their positions in DSGR. Nantahala Capital Management LLC acquired a new position in shares of Distribution Solutions Group in the second quarter worth approximately $5,791,000. Agman Capital LLC bought a new stake in shares of Distribution Solutions Group during the fourth quarter valued at approximately $4,954,000. Blair William & Co. IL bought a new stake in shares of Distribution Solutions Group during the fourth quarter valued at approximately $3,092,000. Teton Advisors LLC bought a new stake in shares of Distribution Solutions Group during the third quarter valued at approximately $3,188,000. Finally, Highlander Partners L.P. bought a new stake in Distribution Solutions Group during the fourth quarter worth $2,353,000. 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.
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