Distribution Solutions Group (NASDAQ:DSGR) Sees Large Volume Increase - What's Next?

Key Points

• Distribution Solutions Group experienced a notable trading volume of approximately 58,368 shares, a slight decrease from the previous day's volume, with the stock last trading at $32.41.
• Analysts at Barrington Research lowered the price target for DSGR shares from $44.00 to $39.00, maintaining an "outperform" rating on the stock.
• The company reported $0.35 earnings per share for the last quarter, which fell short of the consensus estimate, although it achieved revenue of $502.44 million, surpassing expectations.

Distribution Solutions Group, Inc. (NASDAQ:DSGR - Get Free Report) saw unusually-high trading volume on Monday . Approximately 58,368 shares changed hands during mid-day trading, a decline of 1% from the previous session's volume of 58,682 shares.The stock last traded at $32.41 and had previously closed at $32.74.

Wall Street Analyst Weigh In

Separately, Barrington Research cut their price target on shares of Distribution Solutions Group from $44.00 to $39.00 and set an "outperform" rating for the company in a report on Wednesday, May 7th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $39.00.

Distribution Solutions Group Stock Performance

The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.36 and a current ratio of 2.59. The stock has a market cap of $1.54 billion, a PE ratio of 369.56 and a beta of 0.63. The company's 50-day moving average price is $29.38 and its two-hundred day moving average price is $28.41.

Distribution Solutions Group (NASDAQ:DSGR - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.35 earnings per share for the quarter, missing analysts' consensus estimates of $0.36 by ($0.01). Distribution Solutions Group had a net margin of 0.22% and a return on equity of 10.51%. The firm had revenue of $502.44 million for the quarter, compared to analysts' expectations of $484.43 million. On average, equities research analysts forecast that Distribution Solutions Group, Inc. will post 1.28 EPS for the current year.

Institutional Trading of Distribution Solutions Group

Several hedge funds and other institutional investors have recently bought and sold shares of DSGR. Swedbank AB raised its stake in shares of Distribution Solutions Group by 2.1% during the first quarter. Swedbank AB now owns 675,000 shares of the company's stock worth $18,900,000 after acquiring an additional 13,708 shares in the last quarter. Schwartz Investment Counsel Inc. grew its holdings in shares of Distribution Solutions Group by 32.2% during the 2nd quarter. Schwartz Investment Counsel Inc. now owns 330,424 shares of the company's stock valued at $9,077,000 after purchasing an additional 80,532 shares during the last quarter. Geode Capital Management LLC raised its position in Distribution Solutions Group by 2.4% in the 2nd quarter. Geode Capital Management LLC now owns 261,782 shares of the company's stock worth $7,193,000 after purchasing an additional 6,038 shares during the period. Catawba River Capital lifted its stake in Distribution Solutions Group by 16.3% in the second quarter. Catawba River Capital now owns 218,689 shares of the company's stock worth $6,007,000 after purchasing an additional 30,685 shares during the last quarter. Finally, Nantahala Capital Management LLC purchased a new stake in Distribution Solutions Group during the second quarter valued at about $5,791,000. Hedge funds and other institutional investors own 91.64% of the company's stock.

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.