Distribution Solutions Group (NASDAQ:DSGR) Hits New 12-Month High at $38.49

Distribution Solutions Group, Inc. (NASDAQ:DSGR)’s stock price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $38.49 and last traded at $38.49, with a volume of 2354 shares traded. The stock had previously closed at $37.21.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Barrington Research increased their target price on Distribution Solutions Group from $40.00 to $43.00 and gave the stock an “outperform” rating in a research report on Monday, August 19th. Stephens restated an “overweight” rating and set a $42.00 target price on shares of Distribution Solutions Group in a research report on Monday, August 5th.

Distribution Solutions Group Trading Down 2.4 %

The stock has a market cap of $1.76 billion, a P/E ratio of -89.43 and a beta of 0.97. The firm’s fifty day moving average price is $34.57 and its two-hundred day moving average price is $33.42. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.50 and a quick ratio of 1.28.

Distribution Solutions Group (NASDAQ:DSGR) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.08. The firm had revenue of $439.54 million for the quarter, compared to analysts’ expectations of $437.40 million. Distribution Solutions Group had a negative net margin of 1.25% and a positive return on equity of 7.42%. During the same quarter in the prior year, the firm posted $0.26 earnings per share. As a group, equities research analysts forecast that Distribution Solutions Group, Inc. will post 1.39 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. BNP Paribas Financial Markets increased its stake in Distribution Solutions Group by 8.6% in the first quarter. BNP Paribas Financial Markets now owns 8,500 shares of the company’s stock valued at $302,000 after acquiring an additional 676 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in Distribution Solutions Group by 4.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 9,417 shares of the company’s stock valued at $335,000 after acquiring an additional 406 shares during the last quarter. Inspire Investing LLC bought a new position in Distribution Solutions Group in the first quarter valued at $352,000. California State Teachers Retirement System increased its stake in Distribution Solutions Group by 15.7% in the first quarter. California State Teachers Retirement System now owns 11,530 shares of the company’s stock valued at $409,000 after acquiring an additional 1,563 shares during the last quarter. Finally, Rhumbline Advisers increased its stake in Distribution Solutions Group by 11.1% in the second quarter. Rhumbline Advisers now owns 13,986 shares of the company’s stock valued at $420,000 after acquiring an additional 1,398 shares during the last quarter. Institutional investors own 91.64% of the company’s stock.

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.