Distribution Solutions Group (NASDAQ:DSGR) Sees Large Volume Increase - Time to Buy?

Key Points

• Distribution Solutions Group saw a notable increase in trading volume, with approximately 53,961 shares traded on Monday, up 4% from the previous session.
• Wall Street analysts have adjusted their outlook, with Barrington Research lowering the price target from $44.00 to $39.00 while maintaining an "outperform" rating.
• Despite missing EPS estimates with $0.35 reported, company revenue of $502.44 million exceeded expectations, indicating potential growth in the upcoming quarters.

Distribution Solutions Group, Inc. (NASDAQ:DSGR - Get Free Report) saw unusually-high trading volume on Monday . Approximately 53,961 shares traded hands during trading, an increase of 4% from the previous session's volume of 52,120 shares.The stock last traded at $30.49 and had previously closed at $30.68.

Wall Street Analysts Forecast Growth

Separately, Barrington Research lowered their price objective on Distribution Solutions Group from $44.00 to $39.00 and set an "outperform" rating for the company in a research report on Wednesday, May 7th.

Distribution Solutions Group Price Performance

The firm has a fifty day moving average of $28.41 and a 200 day moving average of $28.38. The company has a market capitalization of $1.42 billion, a P/E ratio of 341.56 and a beta of 0.63. The company has a current ratio of 2.59, a quick ratio of 1.36 and a debt-to-equity ratio of 1.04.

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 (EPS) for the quarter, missing analysts' consensus estimates of $0.36 by ($0.01). The firm had revenue of $502.44 million for the quarter, compared to the consensus estimate of $484.43 million. Distribution Solutions Group had a net margin of 0.22% and a return on equity of 10.51%. On average, equities research analysts anticipate that Distribution Solutions Group, Inc. will post 1.28 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in DSGR. Schwartz Investment Counsel Inc. lifted its holdings in Distribution Solutions Group by 32.2% in the 2nd quarter. Schwartz Investment Counsel Inc. now owns 330,424 shares of the company's stock worth $9,077,000 after purchasing an additional 80,532 shares in the last quarter. First Trust Advisors LP raised its holdings in shares of Distribution Solutions Group by 67.6% during the 4th quarter. First Trust Advisors LP now owns 158,980 shares of the company's stock worth $5,469,000 after acquiring an additional 64,129 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Distribution Solutions Group during the 1st quarter worth approximately $876,000. Catawba River Capital raised its holdings in shares of Distribution Solutions Group by 16.3% during the 2nd quarter. Catawba River Capital now owns 218,689 shares of the company's stock worth $6,007,000 after acquiring an additional 30,685 shares in the last quarter. Finally, Jane Street Group LLC raised its holdings in shares of Distribution Solutions Group by 214.2% during the 1st quarter. Jane Street Group LLC now owns 23,586 shares of the company's stock worth $660,000 after acquiring an additional 16,080 shares in the last quarter. 91.64% of the stock is owned by hedge funds and other 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.

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