Distribution Solutions Group (NASDAQ:DSGR) Lowered to Hold Rating by Stephens

Stephens cut shares of Distribution Solutions Group (NASDAQ:DSGR) from a strong-buy rating to a hold rating in a report issued on Thursday morning,Zacks.com reports.

Other equities analysts also recently issued research reports about the stock. Zacks Research downgraded shares of Distribution Solutions Group from a “hold” rating to a “strong sell” rating in a report on Thursday, June 11th. Barrington Research decreased their price objective on shares of 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. Finally, Weiss Ratings cut shares of Distribution Solutions Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, July 10th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Distribution Solutions Group presently has an average rating of “Reduce” and an average target price of $34.00.

Distribution Solutions Group Stock Up 25.3%

DSGR stock opened at $34.43 on Thursday. Distribution Solutions Group has a twelve month low of $19.02 and a twelve month high of $34.83. 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 stock has a market cap of $1.59 billion, a P/E ratio of 286.92 and a beta of 0.56. The business’s 50-day moving average price is $27.51 and its 200-day moving average price is $27.70.

Distribution Solutions Group (NASDAQ:DSGR) last announced its quarterly earnings data 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). The company had revenue of $496.00 million for the quarter, compared to the consensus estimate of $489.30 million. Distribution Solutions Group had a net margin of 0.27% and a return on equity of 8.49%. On average, equities research analysts forecast that Distribution Solutions Group will post 1.31 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP grew its holdings in Distribution Solutions Group by 2.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 937,151 shares of the company’s stock valued at $24,590,000 after buying an additional 26,595 shares in the last quarter. Nantahala Capital Management LLC lifted its holdings in shares of Distribution Solutions Group by 43.3% in the fourth quarter. Nantahala Capital Management LLC now owns 330,000 shares of the company’s stock worth $9,039,000 after buying an additional 99,661 shares in the last quarter. Gamco Investors INC. ET AL lifted its holdings in shares of Distribution Solutions Group by 9.4% in the first quarter. Gamco Investors INC. ET AL now owns 279,945 shares of the company’s stock worth $7,346,000 after buying an additional 24,141 shares in the last quarter. Agman Capital LLC bought a new position in shares of Distribution Solutions Group during the fourth quarter worth $4,954,000. Finally, First Trust Advisors LP boosted its position in shares of Distribution Solutions Group by 15.8% during the first quarter. First Trust Advisors LP now owns 180,152 shares of the company’s stock worth $4,727,000 after acquiring an additional 24,633 shares during the last quarter. 91.64% of the stock is currently owned by institutional investors.

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. 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.