State Street Corp Decreases Holdings in Distribution Solutions Group, Inc. (NASDAQ:DSGR)

State Street Corp lessened its holdings in shares of Distribution Solutions Group, Inc. (NASDAQ:DSGR) by 1.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 226,057 shares of the company’s stock after selling 4,053 shares during the period. State Street Corp owned 0.48% of Distribution Solutions Group worth $8,705,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its holdings in shares of Distribution Solutions Group by 1.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 915,208 shares of the company’s stock valued at $27,457,000 after purchasing an additional 14,059 shares during the last quarter. Schwartz Investment Counsel Inc. increased its position in Distribution Solutions Group by 20.6% during the third quarter. Schwartz Investment Counsel Inc. now owns 152,000 shares of the company’s stock worth $5,854,000 after buying an additional 26,000 shares during the period. Renaissance Technologies LLC increased its position in 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 buying an additional 13,400 shares during the period. Bank of New York Mellon Corp lifted its stake in Distribution Solutions Group by 13.9% in the second quarter. Bank of New York Mellon Corp now owns 43,489 shares of the company’s stock valued at $1,305,000 after buying an additional 5,309 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Distribution Solutions Group by 13.5% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 21,536 shares of the company’s stock valued at $829,000 after acquiring an additional 2,569 shares during the period. Hedge funds and other institutional investors own 91.64% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Barrington Research boosted their price target on 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 Stock Up 0.4 %

Shares of Distribution Solutions Group stock opened at $35.26 on Friday. The company has a market cap of $1.65 billion, a P/E ratio of 881.72 and a beta of 0.94. The firm has a fifty day moving average of $38.55 and a two-hundred day moving average of $35.66. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.55 and a current ratio of 2.81. Distribution Solutions Group, Inc. has a one year low of $28.00 and a one year high of $41.47.

Distribution Solutions Group (NASDAQ:DSGR) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.03). Distribution Solutions Group had a net margin of 0.13% and a return on equity of 8.89%. The firm had revenue of $468.02 million during the quarter, compared to analyst estimates of $469.80 million. During the same quarter in the previous year, the business earned $0.17 EPS. On average, analysts forecast that Distribution Solutions Group, Inc. will post 1.28 earnings per share for the current year.

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.