Distribution Solutions Group (NASDAQ:DSGR) Sees Large Volume Increase - Still a Buy?

Key Points

• Trading activity surged: Distribution Solutions Group shares traded about 362,264 shares, up 151% from the prior session, while the stock was nearly unchanged at approximately $34.76.
• Analyst sentiment remains cautious: Recent upgrades moved the stock from sell to hold, but all four covering analysts rate it Hold. The consensus price target is $35, near the current price.
• Quarterly results beat expectations: The company reported earnings of $0.47 per share versus the $0.22 estimate and revenue of $557.73 million versus the $520.75 million consensus. Institutional investors own a substantial 91.64% of outstanding shares.

Distribution Solutions Group, Inc. (NASDAQ:DSGR - Get Free Report) saw strong trading volume on Wednesday . Approximately 362,264 shares changed hands during mid-day trading, an increase of 151% from the previous session's volume of 144,414 shares.The stock last traded at $34.7550 and had previously closed at $34.70.

Analyst Upgrades and Downgrades

DSGR has been the subject of several analyst reports. Weiss Ratings raised Distribution Solutions Group from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Tuesday, July 28th. Barrington Research set a $35.00 price target on Distribution Solutions Group and gave the stock a "market perform" rating in a research report on Friday, July 17th. Stephens set a $35.00 price target on Distribution Solutions Group in a report on Thursday, July 16th. Finally, Zacks Research upgraded shares of Distribution Solutions Group from a "strong sell" rating to a "hold" rating in a research note on Monday, July 20th. Four investment analysts have rated the stock with a Hold rating, According to MarketBeat, Distribution Solutions Group currently has a consensus rating of "Hold" and an average price target of $35.00.

Distribution Solutions Group Trading Up 0.1%

The company has a quick ratio of 1.39, a current ratio of 2.54 and a debt-to-equity ratio of 1.06. The firm has a market cap of $1.61 billion, a P/E ratio of 182.97 and a beta of 0.54. The business's 50 day moving average is $32.33 and its 200-day moving average is $28.96.

Distribution Solutions Group (NASDAQ:DSGR - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.25. The company had revenue of $557.73 million during the quarter, compared to analyst estimates of $520.75 million. Distribution Solutions Group had a net margin of 0.44% and a return on equity of 9.33%. As a group, analysts forecast that Distribution Solutions Group, Inc. will post 1.35 earnings per share for the current fiscal year.

Institutional Trading of Distribution Solutions Group

Institutional investors and hedge funds have recently bought and sold shares of the company. BNP Paribas Financial Markets grew its position in shares of Distribution Solutions Group by 53.5% in the 2nd quarter. BNP Paribas Financial Markets now owns 1,170 shares of the company's stock worth $32,000 after acquiring an additional 408 shares in the last quarter. Groupe la Francaise lifted its stake in Distribution Solutions Group by 2.6% during the second quarter. Groupe la Francaise now owns 47,775 shares of the company's stock worth $1,307,000 after purchasing an additional 1,200 shares during the last quarter. Barclays PLC lifted its stake in Distribution Solutions Group by 8.5% during the fourth quarter. Barclays PLC now owns 15,327 shares of the company's stock worth $420,000 after purchasing an additional 1,201 shares during the last quarter. Quarry LP acquired a new position in Distribution Solutions Group in the third quarter worth $42,000. Finally, Inspire Investing LLC increased its stake in Distribution Solutions Group by 9.9% during the fourth quarter. Inspire Investing LLC now owns 16,917 shares of the company's stock valued at $463,000 after purchasing an additional 1,517 shares during the last quarter. Institutional investors and hedge funds own 91.64% of the company's stock.

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. It operates through three segments: Lawson, Gexpro Services, and TestEquity. The Lawson segment distributes of specialty products and services to the industrial, commercial, institutional, and government MRO market.

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