Distribution Solutions Group (NASDAQ:DSGR) Lowered to “Strong Sell” Rating by Zacks Research

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

Several other research analysts have also recently weighed in on DSGR. Barrington Research lowered their price objective on Distribution Solutions Group from $35.00 to $33.00 and set an “outperform” rating on the stock in a research report on Thursday, May 21st. Stephens reissued an “overweight” rating and issued a $36.00 target price on shares of Distribution Solutions Group in a research report on Tuesday, May 5th. Finally, Weiss Ratings downgraded shares of Distribution Solutions Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, May 19th. Two research analysts have rated the stock with a Buy rating and two have given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $34.50.

Distribution Solutions Group Price Performance

Distribution Solutions Group stock opened at $27.72 on Thursday. The company has a market capitalization of $1.28 billion, a price-to-earnings ratio of 231.00 and a beta of 0.55. The company has a current ratio of 2.63, a quick ratio of 1.39 and a debt-to-equity ratio of 1.07. Distribution Solutions Group has a 12 month low of $19.02 and a 12 month high of $33.80. The stock’s 50 day moving average is $27.22 and its 200-day moving average is $27.77.

Distribution Solutions Group (NASDAQ:DSGR) last released its quarterly earnings results on Thursday, April 30th. The company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.02). The firm had revenue of $496.00 million for the quarter, compared to analyst estimates of $489.30 million. Distribution Solutions Group had a return on equity of 8.49% and a net margin of 0.27%. Equities research analysts expect that Distribution Solutions Group will post 1.46 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. BNP Paribas Financial Markets lifted its position in Distribution Solutions Group by 53.5% during the second quarter. BNP Paribas Financial Markets now owns 1,170 shares of the company’s stock worth $32,000 after purchasing an additional 408 shares during the period. Quarry LP acquired a new stake in Distribution Solutions Group during the third quarter worth about $42,000. Tudor Investment Corp ET AL bought a new position in Distribution Solutions Group in the 3rd quarter valued at about $226,000. Millennium Management LLC bought a new position in Distribution Solutions Group in the 3rd quarter valued at about $245,000. Finally, PharVision Advisers LLC acquired a new position in shares of Distribution Solutions Group in the 3rd quarter valued at approximately $250,000. 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.