Distribution Solutions Group (NASDAQ:DSGR) Sees Large Volume Increase – Here’s Why

Shares of Distribution Solutions Group, Inc. (NASDAQ:DSGR) saw unusually-strong trading volume on Tuesday . Approximately 266,375 shares changed hands during mid-day trading, an increase of 113% from the previous session’s volume of 125,230 shares.The stock last traded at $34.5350 and had previously closed at $34.50.

Analyst Upgrades and Downgrades

DSGR has been the subject of a number of recent analyst reports. Zacks Research lowered shares of Distribution Solutions Group from a “hold” rating to a “strong sell” rating in a research report on Thursday, June 11th. 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. Weiss Ratings cut shares of Distribution Solutions Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, July 10th. Finally, Stephens set a $35.00 price target on shares of Distribution Solutions Group in a research report on Thursday. Two investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Reduce” and a consensus price target of $35.00.

Distribution Solutions Group Trading Up 0.2%

The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.39 and a current ratio of 2.63. The firm has a market cap of $1.60 billion, a P/E ratio of 288.21 and a beta of 0.56. The company has a 50 day moving average of $27.80 and a 200 day moving average of $27.79.

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 analysts’ consensus estimates 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 the consensus estimate of $489.30 million. Analysts predict that Distribution Solutions Group, Inc. will post 1.31 EPS for the current fiscal year.

Hedge Funds Weigh In On Distribution Solutions Group

Institutional investors have recently bought and sold shares of the stock. BNP Paribas Financial Markets increased its holdings in shares of Distribution Solutions Group by 53.5% during the 2nd 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. Barclays PLC grew its position in Distribution Solutions Group by 8.5% in the fourth quarter. Barclays PLC now owns 15,327 shares of the company’s stock valued at $420,000 after acquiring an additional 1,201 shares during the period. Quarry LP bought a new stake in shares of Distribution Solutions Group in the 3rd quarter worth about $42,000. Inspire Investing LLC increased its position in shares of Distribution Solutions Group by 9.9% during the 4th quarter. Inspire Investing LLC now owns 16,917 shares of the company’s stock worth $463,000 after purchasing an additional 1,517 shares in the last quarter. Finally, Bank of America Corp DE lifted 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 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.