First Trust Advisors LP Acquires 64,129 Shares of Distribution Solutions Group, Inc. (NASDAQ:DSGR)

First Trust Advisors LP lifted its stake in Distribution Solutions Group, Inc. (NASDAQ:DSGR - Free Report) by 67.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 158,980 shares of the company's stock after buying an additional 64,129 shares during the quarter. First Trust Advisors LP owned about 0.34% of Distribution Solutions Group worth $5,469,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Mariner LLC bought a new stake in Distribution Solutions Group during the 4th quarter worth approximately $384,000. Barclays PLC raised its position in shares of Distribution Solutions Group by 8.9% during the 4th quarter. Barclays PLC now owns 18,513 shares of the company's stock valued at $637,000 after purchasing an additional 1,506 shares during the period. Wells Fargo & Company MN lifted its stake 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 buying an additional 1,634 shares in the last quarter. ExodusPoint Capital Management LP purchased a new position in shares of Distribution Solutions Group during the 4th quarter valued at $331,000. Finally, Vanguard Group Inc. increased its stake in Distribution Solutions Group by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 569,214 shares of the company's stock worth $19,581,000 after buying an additional 7,996 shares in the last quarter. 91.64% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Barrington Research restated an "outperform" rating and issued a $44.00 price objective on shares of Distribution Solutions Group in a research report on Tuesday, March 11th.

Distribution Solutions Group Price Performance

Shares of Distribution Solutions Group stock traded down $0.16 on Tuesday, hitting $25.07. 13,266 shares of the company traded hands, compared to its average volume of 51,461. Distribution Solutions Group, Inc. has a 52 week low of $21.87 and a 52 week high of $41.47. The business has a 50-day simple moving average of $27.69 and a 200 day simple moving average of $32.93. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.55 and a current ratio of 2.81. The stock has a market capitalization of $1.17 billion, a P/E ratio of 626.78 and a beta of 0.56.

Distribution Solutions Group (NASDAQ:DSGR - Get Free Report) last announced its quarterly 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 company had revenue of $478.03 million during the quarter, compared to analysts' expectations of $497.17 million. Distribution Solutions Group had a return on equity of 8.89% and a net margin of 0.13%. Research analysts expect that Distribution Solutions Group, Inc. will post 1.28 earnings per share for the current fiscal year.

Distribution Solutions Group Company 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.