31,286 Shares in Distribution Solutions Group, Inc. $DSGR Acquired by Nuveen LLC

Nuveen LLC bought a new stake in shares of Distribution Solutions Group, Inc. (NASDAQ:DSGR - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 31,286 shares of the company's stock, valued at approximately $876,000. Nuveen LLC owned about 0.07% of Distribution Solutions Group as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Wells Fargo & Company MN lifted its position in Distribution Solutions Group by 47.8% in the fourth quarter. Wells Fargo & Company MN now owns 5,055 shares of the company's stock worth $174,000 after buying an additional 1,634 shares during the last quarter. Barclays PLC increased its stake in shares of Distribution Solutions Group by 8.9% during the fourth quarter. Barclays PLC now owns 18,513 shares of the company's stock valued at $637,000 after buying an additional 1,506 shares during the period. Northern Trust Corp increased its stake in shares of Distribution Solutions Group by 2.2% during the fourth quarter. Northern Trust Corp now owns 108,792 shares of the company's stock valued at $3,742,000 after buying an additional 2,359 shares during the period. Bank of America Corp DE increased its stake in shares of Distribution Solutions Group by 21.1% during the fourth quarter. Bank of America Corp DE now owns 11,946 shares of the company's stock valued at $411,000 after buying an additional 2,085 shares during the period. Finally, Deutsche Bank AG increased its stake in shares of Distribution Solutions Group by 53.8% during the fourth quarter. Deutsche Bank AG now owns 10,162 shares of the company's stock valued at $350,000 after buying an additional 3,555 shares during the period. 91.64% of the stock is currently owned by institutional investors.

Distribution Solutions Group Stock Performance

NASDAQ:DSGR traded up $0.08 during trading hours on Friday, reaching $31.98. The company had a trading volume of 32,390 shares, compared to its average volume of 49,293. Distribution Solutions Group, Inc. has a 1-year low of $21.87 and a 1-year high of $41.47. The firm has a market cap of $1.48 billion, a PE ratio of 355.33 and a beta of 0.56. The business's 50 day moving average price is $30.42 and its 200-day moving average price is $28.50. The company has a debt-to-equity ratio of 1.04, a current ratio of 2.59 and a quick ratio of 1.36.

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

Wall Street Analysts Forecast Growth

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

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.