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

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

A number of other large investors have also added to or reduced their stakes in DSGR. KLP Kapitalforvaltning AS bought a new position in shares of Distribution Solutions Group during the 4th quarter valued at approximately $68,000. Wells Fargo & Company MN increased its position in shares of Distribution Solutions Group by 47.8% during the 4th quarter. Wells Fargo & Company MN now owns 5,055 shares of the company's stock valued at $174,000 after purchasing an additional 1,634 shares during the last quarter. Millennium Management LLC bought a new position in shares of Distribution Solutions Group during the 4th quarter valued at approximately $246,000. ExodusPoint Capital Management LP bought a new position in shares of Distribution Solutions Group during the 4th quarter valued at approximately $331,000. Finally, Deutsche Bank AG increased its position in shares of Distribution Solutions Group by 53.8% during the 4th quarter. Deutsche Bank AG now owns 10,162 shares of the company's stock valued at $350,000 after purchasing an additional 3,555 shares during the last quarter. Institutional investors own 91.64% of the company's stock.

Analysts Set New Price Targets

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

Distribution Solutions Group Trading Down 3.7%

Shares of NASDAQ DSGR traded down $1.02 during trading hours on Friday, hitting $26.75. 46,125 shares of the company traded hands, compared to its average volume of 53,088. The company's 50 day moving average price is $26.74 and its 200 day moving average price is $30.53. The stock has a market capitalization of $1.24 billion, a price-to-earnings ratio of 668.92 and a beta of 0.60. The company has a current ratio of 2.81, a quick ratio of 1.55 and a debt-to-equity ratio of 1.03. Distribution Solutions Group, Inc. has a 12 month low of $21.87 and a 12 month high of $41.47.

Distribution Solutions Group (NASDAQ:DSGR - Get Free Report) last announced its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $497.17 million. Distribution Solutions Group had a net margin of 0.13% and a return on equity of 8.89%. On average, equities research analysts anticipate that Distribution Solutions Group, Inc. will post 1.28 earnings per share for the current fiscal year.

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.