UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Grows Stake in Distribution Solutions Group, Inc. (NASDAQ:DSGR)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Distribution Solutions Group, Inc. (NASDAQ:DSGR - Free Report) by 96.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,080 shares of the company's stock after acquiring an additional 9,387 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC's holdings in Distribution Solutions Group were worth $656,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Deutsche Bank AG lifted its holdings in shares of Distribution Solutions Group by 53.8% in the fourth quarter. Deutsche Bank AG now owns 10,162 shares of the company's stock worth $350,000 after acquiring an additional 3,555 shares during the last quarter. Schwartz Investment Counsel Inc. lifted its stake in shares of Distribution Solutions Group by 23.0% in the 4th quarter. Schwartz Investment Counsel Inc. now owns 186,892 shares of the company's stock valued at $6,429,000 after acquiring an additional 34,892 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Distribution Solutions Group by 0.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 81,386 shares of the company's stock valued at $2,800,000 after acquiring an additional 537 shares in the last quarter. Northern Trust Corp grew its position in Distribution Solutions Group by 2.2% during the 4th quarter. Northern Trust Corp now owns 108,792 shares of the company's stock worth $3,742,000 after acquiring an additional 2,359 shares during the last quarter. Finally, Nuveen Asset Management LLC increased its holdings in Distribution Solutions Group by 7.5% in the 4th quarter. Nuveen Asset Management LLC now owns 31,286 shares of the company's stock worth $1,076,000 after purchasing an additional 2,170 shares in the last quarter. 91.64% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Barrington Research reduced their price target on Distribution Solutions Group from $44.00 to $39.00 and set an "outperform" rating on the stock in a report on Wednesday, May 7th.

Distribution Solutions Group Trading Down 0.8%

Shares of DSGR traded down $0.23 during trading hours on Thursday, hitting $27.77. 54,613 shares of the stock were exchanged, compared to its average volume of 53,025. The firm has a market capitalization of $1.29 billion, a P/E ratio of 694.42 and a beta of 0.60. The company has a debt-to-equity ratio of 1.03, a current ratio of 2.81 and a quick ratio of 1.55. Distribution Solutions Group, Inc. has a fifty-two week low of $21.87 and a fifty-two week high of $41.47. The business has a 50-day moving average of $26.65 and a 200-day moving average of $30.75.

Distribution Solutions Group (NASDAQ:DSGR - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.05). The business had revenue of $478.03 million for the quarter, compared to analyst estimates of $497.17 million. Distribution Solutions Group had a return on equity of 8.89% and a net margin of 0.13%. On average, research analysts expect that Distribution Solutions Group, Inc. will post 1.28 EPS for the current year.

Distribution Solutions Group Profile

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.