UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Trims Stock Holdings in Distribution Solutions Group, Inc. (NASDAQ:DSGR)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its holdings in shares of Distribution Solutions Group, Inc. (NASDAQ:DSGR) by 15.8% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,693 shares of the company’s stock after selling 1,824 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Distribution Solutions Group were worth $373,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of DSGR. Renaissance Technologies LLC increased its position in shares of Distribution Solutions Group by 12.5% during the second quarter. Renaissance Technologies LLC now owns 120,400 shares of the company’s stock worth $3,612,000 after acquiring an additional 13,400 shares during the period. The Manufacturers Life Insurance Company bought a new position in Distribution Solutions Group in the third quarter worth approximately $251,000. Dimensional Fund Advisors LP increased its holdings in Distribution Solutions Group by 1.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 915,208 shares of the company’s stock worth $27,457,000 after purchasing an additional 14,059 shares during the period. Schwartz Investment Counsel Inc. raised its position in Distribution Solutions Group by 20.6% during the 3rd quarter. Schwartz Investment Counsel Inc. now owns 152,000 shares of the company’s stock valued at $5,854,000 after purchasing an additional 26,000 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Distribution Solutions Group by 13.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 43,489 shares of the company’s stock worth $1,305,000 after buying an additional 5,309 shares during the period. Institutional investors own 91.64% of the company’s stock.

Distribution Solutions Group Trading Down 0.6 %

Shares of NASDAQ DSGR opened at $35.85 on Friday. The business has a fifty day moving average price of $38.85 and a 200 day moving average price of $35.56. Distribution Solutions Group, Inc. has a 1-year low of $28.00 and a 1-year high of $41.47. The company has a debt-to-equity ratio of 1.03, a current ratio of 2.81 and a quick ratio of 1.55. The stock has a market capitalization of $1.68 billion, a P/E ratio of 896.47 and a beta of 0.94.

Distribution Solutions Group (NASDAQ:DSGR) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.03). Distribution Solutions Group had a return on equity of 8.89% and a net margin of 0.13%. The firm had revenue of $468.02 million for the quarter, compared to the consensus estimate of $469.80 million. During the same quarter last year, the firm earned $0.17 EPS. Equities research analysts expect that Distribution Solutions Group, Inc. will post 1.28 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Barrington Research raised their target price on shares of Distribution Solutions Group from $43.00 to $44.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th.

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.