Swedbank AB Raises Stake in Distribution Solutions Group, Inc. $DSGR

Key Points

• Swedbank AB has increased its stake in Distribution Solutions Group, Inc. (NASDAQ:DSGR) by 2.1% during the 1st quarter, owning approximately $18.90 million worth of shares.
• Institutional investors own a significant 91.64% of Distribution Solutions Group's stock, highlighting strong interest from the investment community.
• Analysts from Barrington Research have raised the target price for Distribution Solutions Group from $39.00 to $41.00, maintaining an "outperform" rating for the company.

Swedbank AB raised its stake in Distribution Solutions Group, Inc. (NASDAQ:DSGR - Free Report) by 2.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 675,000 shares of the company's stock after acquiring an additional 13,708 shares during the quarter. Swedbank AB owned approximately 1.45% of Distribution Solutions Group worth $18,900,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Rhumbline Advisers lifted 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 acquiring an additional 532 shares during the period. GAMMA Investing LLC lifted 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 acquiring an additional 2,021 shares during the period. Bank of America Corp DE lifted 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 acquiring an additional 2,085 shares during the period. Nuveen Asset Management LLC increased its position in shares of 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 buying an additional 2,170 shares in the last quarter. Finally, Northern Trust Corp increased its position in shares of Distribution Solutions Group by 2.2% in 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 in the last quarter. 91.64% of the stock is owned by institutional investors and hedge funds.

Distribution Solutions Group Price Performance

Shares of DSGR traded down $0.60 during trading hours on Friday, hitting $30.90. 261,788 shares of the stock were exchanged, compared to its average volume of 46,848. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.36 and a current ratio of 2.59. Distribution Solutions Group, Inc. has a 12-month low of $21.87 and a 12-month high of $41.47. The company has a market cap of $1.43 billion, a price-to-earnings ratio of 343.33 and a beta of 0.56. The stock's 50-day moving average price is $30.91 and its two-hundred day moving average price is $28.65.

Distribution Solutions Group (NASDAQ:DSGR - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.35 EPS for the quarter, missing the consensus estimate 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 analysts' expectations of $484.43 million. Research analysts expect that Distribution Solutions Group, Inc. will post 1.28 earnings per share for the current year.

Analyst Ratings Changes

Separately, Barrington Research boosted their price objective on 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 research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price 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.