Weiss Ratings Reiterates "Hold (C)" Rating for Distribution Solutions Group (NASDAQ:DSGR)

Key Points

• Weiss Ratings has reiterated a "Hold (C)" rating for Distribution Solutions Group (NASDAQ: DSGR) in a report published on Wednesday.
• Barrington Research increased their price target for DSGR from $39.00 to $41.00, with the stock currently holding a consensus rating of "Moderate Buy."
• Distribution Solutions Group reported earnings of $0.35 per share, slightly missing estimates, while achieving revenue of $502.44 million against analyst expectations of $484.43 million.

Distribution Solutions Group (NASDAQ:DSGR - Get Free Report)'s stock had its "hold (c)" rating reiterated by analysts at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

Separately, Barrington Research increased their price objective on Distribution Solutions Group from $39.00 to $41.00 and gave the stock an "outperform" rating in a report on Monday, August 25th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $41.00.

Distribution Solutions Group Stock Up 0.6%

Shares of DSGR traded up $0.17 during trading hours on Wednesday, reaching $28.68. The company's stock had a trading volume of 31,234 shares, compared to its average volume of 70,436. The firm has a market cap of $1.33 billion, a price-to-earnings ratio of 318.67 and a beta of 0.61. Distribution Solutions Group has a 1-year low of $21.87 and a 1-year high of $41.47. The company has a quick ratio of 1.36, a current ratio of 2.59 and a debt-to-equity ratio of 1.04. The company has a 50 day moving average of $31.09 and a two-hundred day moving average of $28.66.

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

Institutional Trading of Distribution Solutions Group

A number of hedge funds and other institutional investors have recently made changes to their positions in DSGR. Bank of America Corp DE boosted its holdings in 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 worth $411,000 after buying an additional 2,085 shares during the last quarter. Millennium Management LLC bought a new stake in Distribution Solutions Group in the 4th quarter valued at approximately $246,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Distribution Solutions Group by 96.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 19,080 shares of the company's stock valued at $656,000 after acquiring an additional 9,387 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Distribution Solutions Group by 1,888.8% during the 1st quarter. GAMMA Investing LLC now owns 2,128 shares of the company's stock worth $60,000 after purchasing an additional 2,021 shares during the last quarter. Finally, Rhumbline Advisers increased its position in shares of Distribution Solutions Group by 3.8% during the 1st quarter. Rhumbline Advisers now owns 14,710 shares of the company's stock worth $412,000 after purchasing an additional 532 shares during the last quarter. 91.64% of the stock is currently owned by institutional investors and hedge funds.

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.

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