Barclays PLC Buys 13,159 Shares of Distribution Solutions Group, Inc. (NASDAQ:DSGR)

Barclays PLC increased its stake in shares of Distribution Solutions Group, Inc. (NASDAQ:DSGR) by 342.0% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,007 shares of the company’s stock after purchasing an additional 13,159 shares during the period. Barclays PLC’s holdings in Distribution Solutions Group were worth $654,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Distribution Solutions Group during the 3rd quarter valued at $87,000. BNP Paribas Financial Markets lifted its holdings in Distribution Solutions Group by 21.6% in the third quarter. BNP Paribas Financial Markets now owns 5,014 shares of the company’s stock valued at $193,000 after acquiring an additional 891 shares during the period. The Manufacturers Life Insurance Company bought a new position in Distribution Solutions Group in the third quarter valued at about $251,000. Connor Clark & Lunn Investment Management Ltd. boosted its position in 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 worth $829,000 after purchasing an additional 2,569 shares during the last quarter. Finally, Schwartz Investment Counsel Inc. grew its stake in shares of 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 during the period. Hedge funds and other institutional investors own 91.64% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Barrington Research boosted 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 Stock Up 0.1 %

Shares of DSGR stock opened at $34.19 on Friday. The company’s fifty day simple moving average is $37.09 and its two-hundred day simple moving average is $36.06. Distribution Solutions Group, Inc. has a 52 week low of $28.00 and a 52 week high of $41.47. The stock has a market cap of $1.60 billion, a P/E ratio of 854.96 and a beta of 0.96. The company has a quick ratio of 1.55, a current ratio of 2.81 and a debt-to-equity ratio of 1.03.

Distribution Solutions Group (NASDAQ:DSGR) last announced its quarterly earnings results 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 business had revenue of $468.02 million during the quarter, compared to the consensus estimate of $469.80 million. During the same period in the previous year, the business posted $0.17 EPS. Analysts predict that Distribution Solutions Group, Inc. will post 1.28 EPS for the current fiscal 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.