Goldman Sachs Group Inc. Lowers Position in Distribution Solutions Group, Inc. $DSGR

Key Points

• Goldman Sachs Group Inc. has reduced its stake in Distribution Solutions Group, Inc. by 58.8%, now owning 15,017 shares valued at approximately $420,000.
• The stock currently has a market cap of $1.34 billion and is trading at $28.97, with a 52-week range of $21.87 to $41.47.
• Analysts have a positive outlook, with Barrington Research raising the price target from $39.00 to $41.00 and the stock carrying an average rating of "Buy."

Goldman Sachs Group Inc. trimmed its stake in Distribution Solutions Group, Inc. (NASDAQ:DSGR - Free Report) by 58.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 15,017 shares of the company's stock after selling 21,405 shares during the quarter. Goldman Sachs Group Inc.'s holdings in Distribution Solutions Group were worth $420,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. Rhumbline Advisers grew its holdings in Distribution Solutions Group by 3.8% in the first quarter. Rhumbline Advisers now owns 14,710 shares of the company's stock valued at $412,000 after purchasing an additional 532 shares during the period. GAMMA Investing LLC grew its holdings in Distribution Solutions Group by 1,888.8% in the first quarter. GAMMA Investing LLC now owns 2,128 shares of the company's stock valued at $60,000 after purchasing an additional 2,021 shares during the period. Bank of America Corp DE grew its holdings in Distribution Solutions Group by 21.1% in the fourth quarter. Bank of America Corp DE now owns 11,946 shares of the company's stock valued at $411,000 after purchasing an additional 2,085 shares during the period. Nuveen Asset Management LLC grew its holdings in Distribution Solutions Group by 7.5% in the fourth quarter. Nuveen Asset Management LLC now owns 31,286 shares of the company's stock valued at $1,076,000 after purchasing an additional 2,170 shares during the period. Finally, Deutsche Bank AG grew its holdings in Distribution Solutions Group by 53.8% in the fourth 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 period. 91.64% of the stock is currently owned by hedge funds and other institutional investors.

Distribution Solutions Group Trading Down 0.2%

Shares of DSGR stock opened at $28.97 on Friday. The stock has a market cap of $1.34 billion, a price-to-earnings ratio of 321.89 and a beta of 0.56. The company has a quick ratio of 1.36, a current ratio of 2.59 and a debt-to-equity ratio of 1.04. Distribution Solutions Group, Inc. has a fifty-two week low of $21.87 and a fifty-two week high of $41.47. The firm's 50 day moving average price is $31.07 and its two-hundred day moving average price is $28.66.

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

Wall Street Analyst Weigh In

Separately, Barrington Research lifted their price target on shares of Distribution Solutions Group from $39.00 to $41.00 and gave the company an "outperform" rating in a research report on Monday, August 25th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $41.00.

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.

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