BlackRock Inc. Acquires Shares of 685,564 Distribution Solutions Group, Inc. $DSGR

Key Points

• BlackRock acquired 685,564 shares of Distribution Solutions Group in the second quarter, worth approximately $18.75 million and representing about 1.48% of the company. Institutional investors collectively own 91.64% of DSGR.
• Distribution Solutions Group exceeded quarterly expectations, reporting $0.47 in EPS versus the $0.22 consensus estimate and revenue of $557.73 million versus expectations of $520.75 million.
• DSGR shares opened at $34.73, near their 52-week high, while analysts maintain a consensus “Hold” rating and a $35.00 price target.

BlackRock Inc. acquired a new position in Distribution Solutions Group, Inc. (NASDAQ:DSGR - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 685,564 shares of the company's stock, valued at approximately $18,750,000. BlackRock Inc. owned approximately 1.48% of Distribution Solutions Group as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. BNP Paribas Financial Markets boosted its holdings in shares of Distribution Solutions Group by 53.5% in 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. Quarry LP purchased a new stake in shares of Distribution Solutions Group in the third quarter valued at $42,000. Millennium Management LLC bought a new stake in shares of Distribution Solutions Group in the 3rd quarter worth about $245,000. PharVision Advisers LLC bought a new stake in shares of Distribution Solutions Group in the 3rd quarter worth about $250,000. Finally, Arrowstreet Capital Limited Partnership purchased a new position in shares of Distribution Solutions Group during the 1st quarter worth about $229,000. 91.64% of the stock is currently owned by institutional investors.

Distribution Solutions Group Trading Up 0.2%

Shares of DSGR opened at $34.73 on Friday. The firm has a market capitalization of $1.61 billion, a price-to-earnings ratio of 182.79 and a beta of 0.54. The company has a debt-to-equity ratio of 1.06, a current ratio of 2.54 and a quick ratio of 1.39. Distribution Solutions Group, Inc. has a 1-year low of $19.02 and a 1-year high of $35.06. The company has a 50-day moving average of $32.62 and a 200 day moving average of $29.01.

Distribution Solutions Group (NASDAQ:DSGR - Get Free Report) last issued its earnings results on Thursday, August 6th. The company reported $0.47 EPS for the quarter, topping analysts' consensus estimates of $0.22 by $0.25. The business had revenue of $557.73 million for the quarter, compared to analyst estimates of $520.75 million. Distribution Solutions Group had a net margin of 0.44% and a return on equity of 9.33%. On average, research analysts expect that Distribution Solutions Group, Inc. will post 1.35 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Barrington Research set a $35.00 price target on shares of Distribution Solutions Group and gave the company a "market perform" rating in a report on Friday, July 17th. Weiss Ratings upgraded Distribution Solutions Group from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Tuesday, July 28th. Zacks Research raised Distribution Solutions Group from a "strong sell" rating to a "hold" rating in a research note on Monday, July 20th. Finally, Stephens set a $35.00 target price on Distribution Solutions Group in a research note on Thursday, July 16th. Four research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $35.00.

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.

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